Solar Panel Cost Guide in Mathis, TX (2023 Update)
- Mathis Solar Installation Cost: $13,514
- 25-Year Savings: $25,743
- Payback Period: 8.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mathis
Let's have a look at the average cost of solar panels in Mathis.
The average cost of a solar panel system in Mathis is 2.69 per watt. The average solar panel system size in Mathis is around 7.2 kilowatts, meaning a cost of about $13,520 for a solar installation, or $19,334 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely differ based on factors unique to your home and what company you go with. But, after you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $21,000 over 20 years on electricity bills.
To get a free quote from a top solar company in Mathis, you can click the button below.
Solar savings over time in Mathis
| Year | Return on Investment |
|---|---|
| 1 years | $-11,840 |
| 3 years | $-8,491 |
| 5 years | $-5,142 |
| 7 years | $-1,793 |
| 9 years | $1,555 |
| 11 years | $4,904 |
| 13 years | $8,253 |
| 15 years | $11,602 |
| 17 years | $14,950 |
| 19 years | $18,299 |
| 21 years | $21,648 |
| 23 years | $24,997 |
| 25 years | $28,346 |
Top Solar Installers in Mathis
Many homeowners opt for a solar panel installer since trying to put up solar panels yourself can be challenging. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for your home.
Working with a professional solar company can make going solar easier. 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
See all of the solar companies in Mathis
Factors that Affect Solar Panel Costs in Mathis
For many Mathis homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Mathis, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Mathis, 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 consumption, which you can gauge 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 increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. 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
Lastly, the company you get to install your solar panels can affect how much it costs. Mathis' solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Mathis know more 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 | $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
There are many companies available in Mathis, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you need to install plays a role in which installer you should go with, since different companies have different panels.
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- 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.
- Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
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
What is the average cost of installing solar panels in Mathis?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly 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 cost more if you want extra 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 opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,093.97 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.