Solar Panel Cost Guide in Mathis, TX (2024 Update)
- Mathis Solar Installation Cost: $16,729
- 25-Year Savings: $25,743
- Payback Period: 10.7 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Mathis
Find out how much it might cost to install solar panels in Mathis.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mathis, the average cost of a solar system is 3 per watt.Since a 7.2-kW system is needed to cover the energy usage of a typical home in Mathis, the average price of going solar will be about $16,729 after claiming the federal solar tax credit of 0.
The actual price you pay can go above or below the average in Mathis based on several factors, such as the kind of solar panels you choose and the solar contractor you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $21,000 over 20 years on electricity bills.
To receive a free estimate from a pre-vetted solar installer in Mathis, you can click the button below.
Solar savings over time in Mathis
Year | Return on Investment |
---|---|
1 years | $-15,055 |
3 years | $-11,706 |
5 years | $-8,357 |
7 years | $-5,009 |
9 years | $-1,660 |
11 years | $1,689 |
13 years | $5,038 |
15 years | $8,386 |
17 years | $11,735 |
19 years | $15,084 |
21 years | $18,433 |
23 years | $21,782 |
25 years | $25,130 |
Top Solar Installers in Mathis
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your swap to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you decide which one will be best for you.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Mathis
Factors that Affect Solar Panel Costs in Mathis
For many Mathis homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Mathis, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,330 per kilowatt in Mathis.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Mathis provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Mathis, and each can charge different amounts for labor and equipment.Additionally, some companies in Mathis have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.46 | $14,545 | $18,274 | 11.1 years |
8 kW | $3.40 | $19,021 | $24,738 | 10.9 years |
10 kW | $3.33 | $23,310 | $31,388 | 10.7 years |
12 kW | $3.26 | $27,413 | $38,225 | 10.4 years |
14 kW | $3.20 | $31,329 | $45,249 | 10.2 years |
16 kW | $3.13 | $35,058 | $52,459 | 10.0 years |
18 kW | $3.06 | $38,601 | $59,856 | 9.8 years |
20 kW | $3.00 | $41,958 | $67,439 | 9.6 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Mathis, TX Solar Cost FAQs
What is the average cost of installing solar panels in Mathis?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,650 for a 5-kW system and $33,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Mathis?
Solar panels aren’t free in Mathis, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mathis is currently $178,650, so you could be looking at a value of about $7,325 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mathis is a fruitful investment.
How long do solar panels last in Mathis?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.