Solar Panel Cost Guide in Midland, TX (2023 Update)
- Midland Solar Installation Cost: $13,106
- 25-Year Savings: $24,082
- Payback Period: 8.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Midland
Here's how much it might cost to go solar in Midland.
The national average cost of solar panels is $2.66 per watt, but in Midland it's 2.69 per watt. To cover the typical energy usage of the average home in Midland, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs around $13,106, or $18,742 before the federal solar tax credit of 30% is applied.
The true price you pay can be above or below the average in Midland depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $21,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Midland that can help you get a more accurate cost estimate for your home.
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
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using a solar company can make your swap to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you're on the hunt for a solar installer in Midland, we've compiled 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 Midland
Factors that Affect Solar Panel Costs in Midland
For many Midland homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Midland, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Midland, 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 usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $2,690 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Midland, 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 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 difficult. Solar loans are available from most installers in Midland, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your overall costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can affect your pricing. Midland's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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
There are many companies to choose from in Midland, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Warranty: If you're concerned about the longevity of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
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
What is the average cost of installing solar panels in Midland?
This is a hard 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 other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Midland?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 option if you want to maximize your savings.
Does Midland have a net metering program?
The majority of states have 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 utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Midland?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide 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.