Solar Panel Cost Guide in Mathis, TX (Mar 2023)
- Mathis Solar Installation Cost: $13,520
- 25-Year Savings: $25,737
- Payback Period: 8.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mathis
Let's take a look at the average cost of solar panels in Mathis.
The national average cost of solar panels is $2.66 per watt, but in Mathis it's 2.69 per watt. To account for the typical energy needs of the average home in Mathis, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $13,520, or $19,334 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary based on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Mathis find going solar can be quite rewarding.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mathis
| Year | Return on Investment |
|---|---|
| 1 years | $-11,950 |
| 3 years | $-8,809 |
| 5 years | $-5,669 |
| 7 years | $-2,528 |
| 9 years | $612 |
| 11 years | $3,753 |
| 13 years | $6,894 |
| 15 years | $10,034 |
| 17 years | $13,175 |
| 19 years | $16,315 |
| 21 years | $19,456 |
| 23 years | $22,596 |
| 25 years | $25,737 |
Top Solar Installers in Mathis
Trying to install solar panels on your own can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. Plus, if you're not certain what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
The cost of installing a solar system in Mathis can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in Mathis. The type of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Mathis to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. Even though solar loans make switching to solar energy more accessible for Mathis homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the massive popularity of renewable energy solutions in Mathis, you'll have many options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting 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 | $2.80 | $11,750 | $21,069 | 9.0 years |
| 8 kW | $2.74 | $15,365 | $28,393 | 8.8 years |
| 10 kW | $2.69 | $18,830 | $35,868 | 8.6 years |
| 12 kW | $2.64 | $22,144 | $43,494 | 8.4 years |
| 14 kW | $2.58 | $25,308 | $51,270 | 8.3 years |
| 16 kW | $2.53 | $28,320 | $59,197 | 8.1 years |
| 18 kW | $2.47 | $31,182 | $67,274 | 7.9 years |
| 20 kW | $2.42 | $33,894 | $75,503 | 7.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The type of solar panel you need plays a role in which company you should go with, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
What is the average cost of installing solar panels in Mathis?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,450 for a 5-kW system and $26,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose 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.
Can you sell solar power back to the grid in Mathis?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.