Solar Panel Cost Guide in Mathis, TX (2024 Update)
- Mathis Solar Installation Cost: $16,729
- 25-Year Savings: $25,743
- Payback Period: 10.7 Years
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Average Cost of Solar Panels in Mathis
Find out how much it might cost to install solar panels in Mathis.
In Mathis, solar panels cost about 3 per watt on average.The average solar panel system size in Mathis is around 7.2 kilowatts, meaning a cost of about $16,729 for a solar installation, or $23,922 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more.For most homeowners, the upfront investment in solar power is worth paying. On average Mathis homeowners see about $21,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Mathis for a quote for your home.
Solar savings over time in Mathis
| Year | Return on Investment |
|---|---|
| 1 years | $-15,055 |
| 3 years | $-11,706 |
| 5 years | $-8,357 |
| 7 years | $-5,009 |
| 9 years | $-1,660 |
| 11 years | $1,689 |
| 13 years | $5,038 |
| 15 years | $8,386 |
| 17 years | $11,735 |
| 19 years | $15,084 |
| 21 years | $18,433 |
| 23 years | $21,782 |
| 25 years | $25,130 |
Top Solar Installers in Mathis
Although it's possible to install solar panels on your own, it involves extra labor and expertise. That's why most people choose a solar panel installer. Plus, if you’re unsure what kind of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Mathis
Factors that Affect Solar Panel Costs in Mathis
Even though the average cost of a solar system in Mathis is $16,729, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,330. The kind of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Mathis, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Mathis, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $18,274 | 11.1 years |
| 8 kW | $3.40 | $19,021 | $24,738 | 10.9 years |
| 10 kW | $3.33 | $23,310 | $31,388 | 10.7 years |
| 12 kW | $3.26 | $27,413 | $38,225 | 10.4 years |
| 14 kW | $3.20 | $31,329 | $45,249 | 10.2 years |
| 16 kW | $3.13 | $35,058 | $52,459 | 10.0 years |
| 18 kW | $3.06 | $38,601 | $59,856 | 9.8 years |
| 20 kW | $3.00 | $41,958 | $67,439 | 9.6 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. Since picking 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.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
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 Mathis, TX Solar Cost FAQs
How much does it cost to install solar panels in Mathis?
This is a tough question to answer precisely, because the cost depends on a variety of 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Mathis?
You can’t get solar panels for free in Mathis. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my property value?
Solar panels can increase your home 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 solar panels."
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 stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having 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.