Solar Panel Cost Guide in Medina, TX (2023 Update)
- Medina Solar Installation Cost: $13,087
- 25-Year Savings: $27,373
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Medina
Let's have a look at the average cost of solar panels in Medina.
Although the national average of solar panels is $2.66 per watt, solar panels in Medina typically cost around 2.69. Because a 7.0-kW system is needed to cover the energy costs of a typical home in Medina, the average price of going solar will be about $13,087 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what company you go with. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Medina see about $22,000 in savings on electricity bills over 20 years.
To get a free quote from a highly rated solar company in Medina, you can click the button below.
Solar savings over time in Medina
| Year | Return on Investment |
|---|---|
| 1 years | $-11,468 |
| 3 years | $-8,232 |
| 5 years | $-4,995 |
| 7 years | $-1,758 |
| 9 years | $1,479 |
| 11 years | $4,715 |
| 13 years | $7,952 |
| 15 years | $11,189 |
| 17 years | $14,426 |
| 19 years | $17,662 |
| 21 years | $20,899 |
| 23 years | $24,136 |
| 25 years | $27,373 |
Top Solar Installers in Medina
Although it's possible to install solar panels yourself, it requires extra labor and handiness. For that reason, almost all homeowners choose a solar panel installer. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Medina
Factors that Affect Solar Panel Costs in Medina
The cost of installing a solar system in Medina can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,690 per kilowatt in Medina. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Medina, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Medina have solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also adds to your overall costs, so it's important to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you select will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their larger 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 | $2.80 | $11,750 | $23,173 | 8.4 years |
| 8 kW | $2.74 | $15,365 | $31,199 | 8.2 years |
| 10 kW | $2.69 | $18,830 | $39,375 | 8.1 years |
| 12 kW | $2.64 | $22,144 | $47,702 | 7.9 years |
| 14 kW | $2.58 | $25,308 | $56,180 | 7.8 years |
| 16 kW | $2.53 | $28,320 | $64,808 | 7.6 years |
| 18 kW | $2.47 | $31,182 | $73,587 | 7.4 years |
| 20 kW | $2.42 | $33,894 | $82,516 | 7.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: Review the contract terms carefully to make sure you understand the total cost, project completion timeline rebates and warranties.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should choose, since different companies have different panels.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
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 Medina, TX Solar Cost FAQs
How much does it cost to install solar panels in Medina?
The average cost of solar panels in Medina is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Medina?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last 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.