Solar Panel Cost Guide in Mineral Wells, TX (2025 Update)
- Mineral Wells Solar Installation Cost: $17,485
- 25-Year Savings: $16,214
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Mineral Wells
Find out what the average cost of solar panel installation is in Mineral Wells.
The national average cost of solar panels is $2.66 per watt, but in Mineral Wells it’s 3 per watt.To cover the typical energy usage of the average home in Mineral Wells, most homeowners require a 7.5-kilowatt system. Using the figure above, a solar installation costs around $17,485, or $25,004 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $15,000 over 20 years on utility bills.
To receive a free estimate from a highly rated solar company in Mineral Wells, you can click the button below.
Solar savings over time in Mineral Wells
| Year | Return on Investment |
|---|---|
| 1 years | $-15,954 |
| 3 years | $-12,891 |
| 5 years | $-9,829 |
| 7 years | $-6,766 |
| 9 years | $-3,704 |
| 11 years | $-641 |
| 13 years | $2,421 |
| 15 years | $5,484 |
| 17 years | $8,546 |
| 19 years | $11,609 |
| 21 years | $14,671 |
| 23 years | $17,734 |
| 25 years | $20,797 |
Top Solar Installers in Mineral Wells
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be challenging. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
If you're on the hunt for a solar company in Mineral Wells, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Mineral Wells
Factors that Affect Solar Panel Costs in Mineral Wells
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Mineral Wells: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production 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 $3,330.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Mineral Wells, where sunlight is abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Mineral Wells offer solar loans, which reduce your upfront costs of installing solar.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 principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the massive popularity of renewable energy solutions in Mineral Wells, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $3.46 | $14,545 | $9,722 | 15.0 years |
| 8 kW | $3.40 | $19,021 | $13,335 | 14.7 years |
| 10 kW | $3.33 | $23,310 | $17,136 | 14.4 years |
| 12 kW | $3.26 | $27,413 | $21,122 | 14.1 years |
| 14 kW | $3.20 | $31,329 | $25,295 | 13.8 years |
| 16 kW | $3.13 | $35,058 | $29,655 | 13.5 years |
| 18 kW | $3.06 | $38,601 | $34,201 | 13.3 years |
| 20 kW | $3.00 | $41,958 | $38,933 | 13.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: The type of solar panel you’d like to install plays a part in which installer you should go with, since different companies have different panels.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
EcoWatch's Mineral Wells, TX Solar Cost FAQs
What is the average cost of installing solar panels in Mineral Wells?
The average cost of solar panels in Mineral Wells 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Mineral Wells?
You can’t get solar panels for free in Mineral Wells. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Mineral Wells is currently $175,089, which means you could be looking at a value of about $7,179 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Mineral Wells is a rewarding investment.
How long do solar panels last in Mineral Wells?
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 how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.