Solar Panel Cost Guide in Monahans, TX (2025 Update)
- Monahans Solar Installation Cost: $15,855
- 25-Year Savings: $24,380
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Monahans
Find out what the average cost of solar panels are in Monahans.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Monahans, the typical cost of solar panels is 3 per watt.Using this figure, a typical 6.8-kW system would cost about $15,855 before the 0 federal solar tax credit is applied.
The true price you pay can be above or below the average in Monahans based on several factors, such as the brand of solar panels you choose and the solar company you hire.With typical savings of about $22,000 on power bills over 20 years, many homeowners in Monahans find investing in solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Monahans for a quote for your home.
Solar savings over time in Monahans
| Year | Return on Investment |
|---|---|
| 1 years | $-14,434 |
| 3 years | $-11,591 |
| 5 years | $-8,749 |
| 7 years | $-5,907 |
| 9 years | $-3,065 |
| 11 years | $-223 |
| 13 years | $2,619 |
| 15 years | $5,461 |
| 17 years | $8,304 |
| 19 years | $11,146 |
| 21 years | $13,988 |
| 23 years | $16,830 |
| 25 years | $19,672 |
Top Solar Installers in Monahans
Although you can install solar panels yourself, it requires extra labor and handiness. For that reason, most people choose a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Monahans:
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Monahans
Factors that Affect Solar Panel Costs in Monahans
For many Monahans homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Monahans, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,330. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also cost more. 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
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Monahans, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating in Monahans, and each can charge different amounts for labor and equipment.Additionally, some companies in Monahans 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 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 | $18,259 | 11.1 years |
| 8 kW | $3.40 | $19,021 | $24,718 | 10.9 years |
| 10 kW | $3.33 | $23,310 | $31,364 | 10.7 years |
| 12 kW | $3.26 | $27,413 | $38,196 | 10.4 years |
| 14 kW | $3.20 | $31,329 | $45,215 | 10.2 years |
| 16 kW | $3.13 | $35,058 | $52,420 | 10.0 years |
| 18 kW | $3.06 | $38,601 | $59,812 | 9.8 years |
| 20 kW | $3.00 | $41,958 | $67,390 | 9.6 years |
How to Save on Solar Panels
The solar company you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Monahans, TX Solar Cost FAQs
What is the average cost of installing solar panels in Monahans?
The average cost of solar panels in Monahans is about $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t opt 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 many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.