Solar Panel Cost Guide in Medina, TX (2024 Update)
- Medina Solar Installation Cost: $16,203
- 25-Year Savings: $27,371
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Medina
Find out what the average cost of installing solar panels is in Medina.
The national average cost of solar panels is $2.66 per watt, but in Medina it’s 3 per watt.The average solar panel system size in Medina is around 7.0 kilowatts, meaning a cost of about $16,203 for a solar installation, or $23,170 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will most likely vary based on factors unique to your home and what company you want to go with.Many homeowners find installing a solar system is a solid investment. The average homeowner in Medina can save about $22,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in Medina for a personalized quote.
Solar savings over time in Medina
| Year | Return on Investment |
|---|---|
| 1 years | $-14,687 |
| 3 years | $-11,656 |
| 5 years | $-8,625 |
| 7 years | $-5,593 |
| 9 years | $-2,562 |
| 11 years | $470 |
| 13 years | $3,501 |
| 15 years | $6,532 |
| 17 years | $9,564 |
| 19 years | $12,595 |
| 21 years | $15,627 |
| 23 years | $18,658 |
| 25 years | $21,689 |
Top Solar Installers in Medina
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make converting to solar power much easier. Another great thing about choosing a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 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 dependent on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Medina, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by around $3,330 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, 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 looking for a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Medina offer solar loans, which reduce your upfront costs of installing solar.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Medina is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services for different budgets.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $20,378 | 10.4 years |
| 8 kW | $3.40 | $19,021 | $27,543 | 10.2 years |
| 10 kW | $3.33 | $23,310 | $34,895 | 10.0 years |
| 12 kW | $3.26 | $27,413 | $42,434 | 9.8 years |
| 14 kW | $3.20 | $31,329 | $50,159 | 9.6 years |
| 16 kW | $3.13 | $35,058 | $58,070 | 9.4 years |
| 18 kW | $3.06 | $38,601 | $66,168 | 9.2 years |
| 20 kW | $3.00 | $41,958 | $74,452 | 9.0 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: The model of solar panel you want to install plays a role in which company you should opt for, since different companies have different panels.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
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 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 $16,650 for a 5-kW system and $33,300 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Medina?
Most states offer net metering programs of some kind. Through these, you can receive compensation 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 how much 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 buy 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.