Solar Panel Cost Guide in Midlothian, TX (2023 Update)
- Midlothian Solar Installation Cost: $14,399
- 25-Year Savings: $22,789
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Midlothian
Here's how much it might cost to install solar panels in Midlothian.
While the national average of solar panels is $2.66 per watt, solar panels in Midlothian generally cost around 2.69. The average Midlothian homeowner needs a 7.7-kilowatt system, which would cost about $14,405 with the federal tax credit, or $20,599 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Midlothian homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Midlothian find investing in solar can pay off big.
Click the button below to get connected to a top solar installer in your area for a personalized estimate.
Solar savings over time in Midlothian
| Year | Return on Investment |
|---|---|
| 1 years | $-12,978 |
| 3 years | $-10,135 |
| 5 years | $-7,293 |
| 7 years | $-4,451 |
| 9 years | $-1,609 |
| 11 years | $1,233 |
| 13 years | $4,075 |
| 15 years | $6,918 |
| 17 years | $9,760 |
| 19 years | $12,602 |
| 21 years | $15,444 |
| 23 years | $18,286 |
| 25 years | $21,128 |
Top Solar Installers in Midlothian
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make swapping over to solar power much easier. A solar company can also help save you money over time by providing warranties, repairs and component replacements.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Midlothian
Factors that Affect Solar Panel Costs in Midlothian
Although the average cost of a solar system in Midlothian is $14,405, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panels 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 generation require better technology and/or more equipment, both of which can increase 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 expensive upfront but also tend to offer higher efficiency. In a city like Midlothian, 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
Many homeowners find the average cost of solar in Midlothian to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Midlothian, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Midlothian know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $17,430 | 10.1 years |
| 8 kW | $2.74 | $15,365 | $23,541 | 9.9 years |
| 10 kW | $2.69 | $18,830 | $29,803 | 9.7 years |
| 12 kW | $2.64 | $22,144 | $36,215 | 9.5 years |
| 14 kW | $2.58 | $25,308 | $42,778 | 9.3 years |
| 16 kW | $2.53 | $28,320 | $49,492 | 9.1 years |
| 18 kW | $2.47 | $31,182 | $56,356 | 8.9 years |
| 20 kW | $2.42 | $33,894 | $63,371 | 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: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
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 Midlothian, TX Solar Cost FAQs
How much does it cost to install solar panels in Midlothian?
The average cost of solar panels in Midlothian 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Midlothian?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Midlothian?
Each state has some kind 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 offer you credit toward your future power bills.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger amount 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.