Solar Panel Cost Guide in Mexia, TX (2023 Update)
- Mexia Solar Installation Cost: $14,367
- 25-Year Savings: $22,820
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mexia
Here's how much it might cost to switch to solar power in Mexia.
In Mexia, solar panels cost about 2.69 per watt on average. Using this figure, a typical 7.6-kW system would cost about $14,367 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Mexia homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a sound investment. The average homeowner in Mexia can save about $19,000 on their electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Mexia
| Year | Return on Investment |
|---|---|
| 1 years | $-12,880 |
| 3 years | $-9,905 |
| 5 years | $-6,930 |
| 7 years | $-3,955 |
| 9 years | $-980 |
| 11 years | $1,995 |
| 13 years | $4,970 |
| 15 years | $7,945 |
| 17 years | $10,920 |
| 19 years | $13,895 |
| 21 years | $16,870 |
| 23 years | $19,845 |
| 25 years | $22,820 |
Top Solar Installers in Mexia
Although you can install solar panels by yourself, it involves extra energy and expertise. That's why most people choose to hire a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for you.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Mexia
Factors that Affect Solar Panel Costs in Mexia
The cost of installing a solar system in Mexia can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,690. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Mexia, where sunlight is abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Mexia homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can impact your pricing. Mexia's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Mexia have more knowledge 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 | $17,495 | 10.0 years |
| 8 kW | $2.74 | $15,365 | $23,627 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,911 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,345 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,930 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,665 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,551 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,588 | 8.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
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 Mexia, TX Solar Cost FAQs
What is the average cost of installing solar panels in Mexia?
The average cost of solar panels in Mexia 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Mexia?
You can't get solar panels for free in Mexia. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Mexia?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Mexia?
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 larger 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.