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
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
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 account for the typical energy needs of the average home in Mexia, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,785, or $25,433 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar system you choose, your solar contractor and more.For many homeowners, the upfront cost of solar is worth paying. On average Mexia homeowners see about $19,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Mexia for a quote 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
Many homeowners choose to hire a solar installation company since trying to put up solar panels on your own can be challenging. Some solar installers, especially local ones, can help you take advantage of incentives in Mexia, therefore optimizing your ROI.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 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 is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Mexia, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,330 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you only 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 Mexia, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to add 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 the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Mexia is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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
The solar company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Solar Panel Brands: The type of solar panel you want plays a part in which company you should opt for, since different companies have different panels.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
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 Mexia, TX Solar Cost FAQs
How much does it cost to install solar panels in Mexia?
This is a tough question to answer exactly, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Mexia?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is switching to solar power worth it?
Solar panels can be a good 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 fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size 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 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.