Solar Panel Cost Guide in Midland, TX (2024 Update)
- Midland Solar Installation Cost: $16,231
- 25-Year Savings: $24,076
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Midland
Find out what the average cost of solar panel installation is in Midland.
While the national average of solar panels is $2.66 per watt, solar panels in Midland typically cost around 3.Because a 7.0-kW system is needed to cover the energy consumption of a typical home in Midland, the average price of going solar will be about $16,231 after claiming the federal solar tax credit of 0.
The true price you pay can be above or below the average in Midland depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.With typical savings of about $21,000 on electricity bills over 20 years, many homeowners in Midland find investing in solar can pay off big.
To receive a free estimate from a pre-vetted solar installer in Midland, you can click the button below.
Solar savings over time in Midland
| Year | Return on Investment |
|---|---|
| 1 years | $-14,366 |
| 3 years | $-10,635 |
| 5 years | $-6,905 |
| 7 years | $-3,174 |
| 9 years | $557 |
| 11 years | $4,287 |
| 13 years | $8,018 |
| 15 years | $11,748 |
| 17 years | $15,479 |
| 19 years | $19,210 |
| 21 years | $22,940 |
| 23 years | $26,671 |
| 25 years | $30,402 |
Top Solar Installers in Midland
Although you can install solar panels by yourself, it requires extra energy and knowledge. For that reason, most homeowners choose to go with a solar panel installer. Also, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Midland
Factors that Affect Solar Panel Costs in Midland
The cost of installing a solar system in Midland can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need 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 $3,330.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Midland, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Midland, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your total costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Midland, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices because of 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 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 | $17,498 | 11.3 years |
| 8 kW | $3.40 | $19,021 | $23,703 | 11.1 years |
| 10 kW | $3.33 | $23,310 | $30,095 | 10.9 years |
| 12 kW | $3.26 | $27,413 | $36,674 | 10.7 years |
| 14 kW | $3.20 | $31,329 | $43,439 | 10.5 years |
| 16 kW | $3.13 | $35,058 | $50,390 | 10.3 years |
| 18 kW | $3.06 | $38,601 | $57,528 | 10.0 years |
| 20 kW | $3.00 | $41,958 | $64,852 | 9.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose greatly influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: The type of solar panel you’d like to install plays a role in which company you should choose, since different companies have different panels.
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Installation Process: When making the switch to solar, it’s crucial to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
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 Midland, TX Solar Cost FAQs
How much does it cost to install solar panels in Midland?
The average cost of solar panels in Midland 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 certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Midland?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Midland?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.