Solar Panel Cost Guide in Baxter Springs, KS (2023 Update)
- Baxter Springs Solar Installation Cost: $13,803
- 25-Year Savings: $26,291
- Payback Period: 8.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Baxter Springs
Let's take a look at the average cost of solar panels in Baxter Springs.
In Baxter Springs, solar panels cost about 2.59 per watt on average. To account for the typical energy needs of the average home in Baxter Springs, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs around $13,797, or $19,730 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar system you choose, your solar contractor and more. But, once you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Baxter Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-13,669 |
| 3 years | $-13,402 |
| 5 years | $-13,134 |
| 7 years | $-12,867 |
| 9 years | $-12,600 |
| 11 years | $-12,332 |
| 13 years | $-12,065 |
| 15 years | $-11,798 |
| 17 years | $-11,530 |
| 19 years | $-11,263 |
| 21 years | $-10,996 |
| 23 years | $-10,729 |
| 25 years | $-10,461 |
Top Solar Installers in Baxter Springs
When making the switch to solar, many homeowners decide to use a solar installer since DIY solar panel installation can be a difficult project. The payback period of solar panels will vary depending on factors like your location and energy usage, but going with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you'd like to start using solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Baxter Springs
Factors that Affect Solar Panel Costs in Baxter Springs
For many Baxter Springs homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Baxter Springs, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,590. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Baxter Springs, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your total costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Baxter Springs, and each can charge varying amounts for labor and equipment. Additionally, some companies in Baxter Springs have more knowledge 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 help you save 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 | $2.69 | $11,313 | $20,285 | 9.0 years |
| 8 kW | $2.64 | $14,794 | $27,337 | 8.8 years |
| 10 kW | $2.59 | $18,130 | $34,534 | 8.6 years |
| 12 kW | $2.54 | $21,321 | $41,876 | 8.4 years |
| 14 kW | $2.49 | $24,367 | $49,363 | 8.3 years |
| 16 kW | $2.43 | $27,268 | $56,995 | 8.1 years |
| 18 kW | $2.38 | $30,023 | $64,772 | 7.9 years |
| 20 kW | $2.33 | $32,634 | $72,694 | 7.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Well-established companies likely have a solid 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 support, such as part repairs and replacements.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Baxter Springs, KS Solar Cost FAQs
How much does it cost to install solar panels in Baxter Springs?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient 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 less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having 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 Baxter Springs is currently $83,700, which means you can expect a value of about $3,432 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Baxter Springs is a rewarding investment.
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 the amount of sunlight your roof gets. You can take a 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 account for 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.