Solar Panel Cost Guide in Mabank, TX (2023 Update)
- Mabank Solar Installation Cost: $14,499
- 25-Year Savings: $22,689
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mabank
Find out how much it might cost to go solar in Mabank.
In Mabank, solar panels cost about 2.69 per watt on average. The average solar panel system size in Mabank is around 7.7 kilowatts, meaning a cost of about $14,499 for a solar installation, or $20,734 before the 30% federal solar tax credit is applied.
How much you pay can go above or below the average in Mabank depending on several factors, such as the type of solar panels you choose and the solar installer you hire. With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Mabank find going solar can pay off big.
Click the button below to get connected to a highly rated solar installer in Mabank for a personalized quote.
Solar savings over time in Mabank
| Year | Return on Investment |
|---|---|
| 1 years | $-13,012 |
| 3 years | $-10,037 |
| 5 years | $-7,062 |
| 7 years | $-4,087 |
| 9 years | $-1,112 |
| 11 years | $1,864 |
| 13 years | $4,839 |
| 15 years | $7,814 |
| 17 years | $10,789 |
| 19 years | $13,764 |
| 21 years | $16,739 |
| 23 years | $19,714 |
| 25 years | $22,689 |
Top Solar Installers in Mabank
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using a solar company can make switching to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Mabank:
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 Mabank
Factors that Affect Solar Panel Costs in Mabank
While the average cost of a solar system in Mabank is $14,499, your final cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the price of solar panels in Mabank, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $2,690 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can raise or lower 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Mabank to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to 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 lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that offers the products, warranties and services you want and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.80 | $11,750 | $17,220 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,261 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,453 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $35,795 | 9.6 years |
| 14 kW | $2.58 | $25,308 | $42,288 | 9.4 years |
| 16 kW | $2.53 | $28,320 | $48,932 | 9.2 years |
| 18 kW | $2.47 | $31,182 | $55,726 | 9.0 years |
| 20 kW | $2.42 | $33,894 | $62,671 | 8.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Reputation: Make sure your solar company has a good reputation by confirming 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: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though 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 ask for their list of options before making your decision.
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 Mabank, TX Solar Cost FAQs
What is the average cost of installing solar panels in Mabank?
The average cost of solar panels in Mabank is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Mabank?
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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.