Solar Panel Cost Guide in Mexia, TX (2023 Update)
- Mexia Solar Installation Cost: $14,367
- 25-Year Savings: $22,821
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mexia
Find out what the average cost of a solar system is in Mexia.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mexia, the typical cost of solar panels is 2.69 per watt. The average solar panel system size in Mexia is around 7.6 kilowatts, meaning a cost of about $14,367 for a solar installation, or $20,545 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what installation company you go with. With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Mexia find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in Mexia that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mexia
| Year | Return on Investment |
|---|---|
| 1 years | $-12,946 |
| 3 years | $-10,103 |
| 5 years | $-7,261 |
| 7 years | $-4,419 |
| 9 years | $-1,577 |
| 11 years | $1,265 |
| 13 years | $4,107 |
| 15 years | $6,950 |
| 17 years | $9,792 |
| 19 years | $12,634 |
| 21 years | $15,476 |
| 23 years | $18,318 |
| 25 years | $21,160 |
Top Solar Installers in Mexia
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make your swap to solar power much easier. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
If you're looking for a solar installer in Mexia, the EcoWatch team has organized a list of our top suggestions here:
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 Mexia
Factors that Affect Solar Panel Costs in Mexia
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in Mexia: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Mexia, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, 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 of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to consider 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 into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Mexia to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest. Though solar loans make going solar more accessible for Mexia homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can affect your pricing. Mexia's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
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 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 real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $974.82 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 household 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.