Solar Panel Cost Guide in Mineola, TX (Jan 2023)
- Mineola Solar Installation Cost: $14,669
- 25-Year Savings: $22,109
- Payback Period: 10.0 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Mineola
See how much it might cost to go solar in Mineola.
Although the national average of solar panels is $2.66 per watt, solar panels in Mineola generally cost around $3. The average Mineola homeowner needs a 7.8-kilowatt system, which would cost about $14,669, or $10,855 after the federal solar tax credit of 30% is applied.
The true price you pay can go higher or lower than the average in Mineola based on a few factors, such as the type of solar panels you choose and the solar company you hire. Even with the significant upfront cost, the average Mineola homeowner can save around $18,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar installer in Mineola for a quote for your home.
Solar savings over time in Mineola
| Year | Return on Investment |
|---|---|
| 1 years | $-13,197 |
| 3 years | $-10,255 |
| 5 years | $-7,313 |
| 7 years | $-4,371 |
| 9 years | $-1,429 |
| 11 years | $1,514 |
| 13 years | $4,456 |
| 15 years | $7,398 |
| 17 years | $10,340 |
| 19 years | $13,283 |
| 21 years | $16,225 |
| 23 years | $19,167 |
| 25 years | $22,109 |
Top Solar Installers in Mineola
Many homeowners choose to use a solar panel installer since figuring out how to install solar panels by yourself can be hard. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
There are a number of 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 (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 Mineola
Factors that Affect Solar Panel Costs in Mineola
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Mineola: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Mineola have solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the massive popularity of clean energy solutions in Mineola, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $16,580 | 10.4 years |
| 8 kW | $2.74 | $15,365 | $22,407 | 10.2 years |
| 10 kW | $2.69 | $18,830 | $28,386 | 10.0 years |
| 12 kW | $2.64 | $22,144 | $34,515 | 9.8 years |
| 14 kW | $2.58 | $25,308 | $40,795 | 9.6 years |
| 16 kW | $2.53 | $28,320 | $47,225 | 9.4 years |
| 18 kW | $2.47 | $31,182 | $53,806 | 9.2 years |
| 20 kW | $2.42 | $33,894 | $60,538 | 9.0 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Mineola, TX Solar Cost FAQs
What is the average cost of installing solar panels in Mineola?
The average cost of solar panels in Mineola is about $13,450 for a 5-kW system and $26,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Mineola?
Solar panels aren't free in Mineola, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for 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 solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.