Solar Panel Cost Guide in Mexia, TX (2024 Update)
- Mexia Solar Installation Cost: $17,785
- 25-Year Savings: $22,821
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Mexia
Find out what the average cost of solar panels are in Mexia.
While the national average of solar panels is $2.66 per watt, solar panels in Mexia generally cost about 3.To cover the typical energy usage of the average home in Mexia, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,785, or $25,433 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Mexia depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.Despite the large upfront cost, the average Mexia homeowner can save around $19,000 on their energy bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar installer in Mexia that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mexia
| Year | Return on Investment |
|---|---|
| 1 years | $-16,364 |
| 3 years | $-13,521 |
| 5 years | $-10,679 |
| 7 years | $-7,837 |
| 9 years | $-4,995 |
| 11 years | $-2,153 |
| 13 years | $689 |
| 15 years | $3,531 |
| 17 years | $6,374 |
| 19 years | $9,216 |
| 21 years | $12,058 |
| 23 years | $14,900 |
| 25 years | $17,742 |
Top Solar Installers in Mexia
Trying to put up solar panels yourself can be a time-consuming task, which is why using a solar installation company is a good option for many homeowners. The payback period of solar panels will vary depending on factors like your roof configuration and energy use, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Mexia
Factors that Affect Solar Panel Costs in Mexia
The cost of installing a solar system in Mexia can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,330 per kilowatt in Mexia.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Mexia have solar loans, which reduce the initial cost of installing a solar system.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Mexia have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $14,699 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $19,972 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,431 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $31,077 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,909 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,927 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,132 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,524 | 10.8 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should go with, since different companies have different panels.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Mexia, TX Solar Cost FAQs
What is the average cost of installing solar panels in Mexia?
This is a tough question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Mexia?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Mexia?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.