Solar Panel Cost Guide in Chanute, KS (2023 Update)
- Chanute Solar Installation Cost: $13,787
- 25-Year Savings: $27,030
- Payback Period: 8.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Chanute
Find out what the average cost of solar panel installation is in Chanute.
In Chanute, solar panels cost about 2.59 per watt on average. The average Chanute homeowner needs a 7.6-kilowatt system, which would cost about $13,779 with the federal tax credit, or $19,704 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar system you choose, your solar contractor and more. Many homeowners find going solar is a sound investment. The average homeowner in Chanute can save about $20,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Chanute for a custom quote.
Solar savings over time in Chanute
| Year | Return on Investment |
|---|---|
| 1 years | $-12,451 |
| 3 years | $-9,778 |
| 5 years | $-7,106 |
| 7 years | $-4,434 |
| 9 years | $-1,762 |
| 11 years | $910 |
| 13 years | $3,582 |
| 15 years | $6,254 |
| 17 years | $8,926 |
| 19 years | $11,599 |
| 21 years | $14,271 |
| 23 years | $16,943 |
| 25 years | $19,615 |
Top Solar Installers in Chanute
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. Hiring a solar panel installer can make switching to solar power much easier. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
If you'd like to switch to solar energy but still aren't sure which solar system company to go with, here are our recommendations for providers in Chanute:
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 Chanute
Factors that Affect Solar Panel Costs in Chanute
For many Chanute homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Chanute, 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 system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,590. The kind of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Chanute have solar loans, which reduce your upfront costs of installing a solar system. 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 interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can impact your pricing. Chanute's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more 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 | $2.69 | $11,313 | $20,892 | 8.8 years |
| 8 kW | $2.64 | $14,794 | $28,146 | 8.6 years |
| 10 kW | $2.59 | $18,130 | $35,546 | 8.4 years |
| 12 kW | $2.54 | $21,321 | $43,090 | 8.3 years |
| 14 kW | $2.49 | $24,367 | $50,779 | 8.1 years |
| 16 kW | $2.43 | $27,268 | $58,614 | 7.9 years |
| 18 kW | $2.38 | $30,023 | $66,593 | 7.8 years |
| 20 kW | $2.33 | $32,634 | $74,717 | 7.6 years |
How to Save on Solar Panels
There are a large number of companies available in Chanute, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which company you should choose, since different companies provide different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Chanute, KS Solar Cost FAQs
What is the average cost of installing solar panels in Chanute?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is it worth going solar in Chanute?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Chanute?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.