Solar Panel Cost Guide in Midland, TX (Feb 2023)
- Midland Solar Installation Cost: $13,106
- 25-Year Savings: $24,082
- Payback Period: 8.8 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Midland
Here's how much it might cost to go solar in Midland.
In Midland, solar panels cost about $3 per watt on average. The average solar panel system size in Midland is around 7.0 kilowatts, meaning a cost of about $13,106 for a solar installation, or $9,698 after the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may vary based on your specific situation and what company you go with. Even with the large initial cost, the average Midland homeowner can save about $21,000 on their energy bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar installer in your area for a custom estimate.
Solar savings over time in Midland
| Year | Return on Investment |
|---|---|
| 1 years | $-11,618 |
| 3 years | $-8,643 |
| 5 years | $-5,668 |
| 7 years | $-2,693 |
| 9 years | $282 |
| 11 years | $3,257 |
| 13 years | $6,232 |
| 15 years | $9,207 |
| 17 years | $12,182 |
| 19 years | $15,157 |
| 21 years | $18,132 |
| 23 years | $21,107 |
| 25 years | $24,082 |
Top Solar Installers in Midland
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar panel installer can make swapping over to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 Midland
Factors that Affect Solar Panel Costs in Midland
Although the average cost of a solar system in Midland is $13,106, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require 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. There are many different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Midland provide solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also adds to your all-in costs, so it's important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can play a role in determining your pricing. Midland's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, 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 | $20,293 | 9.2 years |
| 8 kW | $2.74 | $15,365 | $27,359 | 9.0 years |
| 10 kW | $2.69 | $18,830 | $34,575 | 8.8 years |
| 12 kW | $2.64 | $22,144 | $41,942 | 8.6 years |
| 14 kW | $2.58 | $25,308 | $49,460 | 8.5 years |
| 16 kW | $2.53 | $28,320 | $57,128 | 8.3 years |
| 18 kW | $2.47 | $31,182 | $64,947 | 8.1 years |
| 20 kW | $2.42 | $33,894 | $72,916 | 7.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Warranty: If you're worried about the longevity of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The model of solar panel you'd like to install plays a role in which installer you should go with, since different companies have access to different panels.
- Contract: Although 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.
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 Midland, TX Solar Cost FAQs
How much does it cost to install solar panels in Midland?
This is a tough question to answer exactly, because the cost depends on many 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Midland?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.