Solar Panel Cost Guide in Mineola, TX (2023 Update)
- Mineola Solar Installation Cost: $14,667
- 25-Year Savings: $22,111
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mineola
Find out what the average cost of solar panel installation is in Mineola.
Although the national average of solar panels is $2.66 per watt, solar panels in Mineola typically cost around 2.69. The average Mineola homeowner needs a 7.8-kilowatt system, which would cost about $14,669 with the federal tax credit, or $20,977 before the 30% tax credit is applied.
These figures are only averages, and the cost of going solar for you will vary based on your energy needs and what company you want to go with. Many homeowners find going solar is a solid investment. The average homeowner in Mineola can save around $18,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Mineola for a quote for your home.
Solar savings over time in Mineola
| Year | Return on Investment |
|---|---|
| 1 years | $-13,316 |
| 3 years | $-10,614 |
| 5 years | $-7,911 |
| 7 years | $-5,209 |
| 9 years | $-2,507 |
| 11 years | $195 |
| 13 years | $2,898 |
| 15 years | $5,600 |
| 17 years | $8,302 |
| 19 years | $11,004 |
| 21 years | $13,707 |
| 23 years | $16,409 |
| 25 years | $19,111 |
Top Solar Installers in Mineola
Putting up solar panels on your own can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are several licensed solar professionals that can install solar panels for you. 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 Mineola
Factors that Affect Solar Panel Costs in Mineola
Though the average cost of a solar system in Mineola is $14,669, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Mineola offer solar loans, which reduce your upfront costs of installing a solar system. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Mineola, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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 | $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
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
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 Mineola, TX Solar Cost FAQs
How much does it cost to install 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 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 Mineola?
Leasing solar panels can be an option if you are unable to 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 financial benefits from going solar.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly 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% with a solar installation."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 get 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.