Solar Panel Cost Guide in Mission Bend, TX (2024 Update)
- Mission Bend Solar Installation Cost: $17,781
- 25-Year Savings: $22,824
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Mission Bend
We go over average solar pricing in Mission Bend.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mission Bend, the typical cost of solar panels is 3 per watt.Since a 7.6-kW system is needed to cover the energy costs of a typical home in Mission Bend, the average price of going solar will be about $17,781 after claiming the federal solar tax credit of 0.
The actual price you pay can go above or below the average in Mission Bend based on several factors, such as the type of solar panels you choose and the solar company you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $20,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar company in your area for a personalized estimate.
Solar savings over time in Mission Bend
| Year | Return on Investment |
|---|---|
| 1 years | $-16,360 |
| 3 years | $-13,518 |
| 5 years | $-10,676 |
| 7 years | $-7,834 |
| 9 years | $-4,991 |
| 11 years | $-2,149 |
| 13 years | $693 |
| 15 years | $3,535 |
| 17 years | $6,377 |
| 19 years | $9,219 |
| 21 years | $12,062 |
| 23 years | $14,904 |
| 25 years | $17,746 |
Top Solar Installers in Mission Bend
Trying to put up solar panels by yourself can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Mission Bend
Factors that Affect Solar Panel Costs in Mission Bend
For many Mission Bend homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Mission Bend, with typical prices between $20,000 to $40,000. There are numerous 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 going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,330 per kilowatt in Mission Bend.There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Mission Bend to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $14,705 | 12.4 years |
| 8 kW | $3.40 | $19,021 | $19,980 | 12.2 years |
| 10 kW | $3.33 | $23,310 | $25,441 | 12.0 years |
| 12 kW | $3.26 | $27,413 | $31,088 | 11.7 years |
| 14 kW | $3.20 | $31,329 | $36,922 | 11.5 years |
| 16 kW | $3.13 | $35,058 | $42,943 | 11.2 years |
| 18 kW | $3.06 | $38,601 | $49,150 | 11.0 years |
| 20 kW | $3.00 | $41,958 | $55,544 | 10.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
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 Mission Bend, TX Solar Cost FAQs
What is the average cost of installing solar panels in Mission Bend?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Mission Bend?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Do solar panels increase your property value?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.