Solar Panel Cost Guide in Coffeyville, KS (2024 Update)
- Coffeyville Solar Installation Cost: $17,523
- 25-Year Savings: $30,929
- Payback Period: 9.8 Years
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Average Cost of Solar Panels in Coffeyville
We go over average solar pricing in Coffeyville.
The national average cost of solar panels is $2.66 per watt, but in Coffeyville it’s 3 per watt.Because a 7.5-kW system is needed to cover the energy consumption of a typical home in Coffeyville, the average price of going solar will be about $17,523 after claiming the federal solar tax credit of 0.
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 consumption, the type of solar system you want, your solar contractor and more.Many homeowners find going solar is a rewarding investment. The average homeowner in Coffeyville can save about $23,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Coffeyville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Coffeyville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,187 |
| 3 years | $-13,514 |
| 5 years | $-10,842 |
| 7 years | $-8,170 |
| 9 years | $-5,498 |
| 11 years | $-2,826 |
| 13 years | $-154 |
| 15 years | $2,518 |
| 17 years | $5,190 |
| 19 years | $7,863 |
| 21 years | $10,535 |
| 23 years | $13,207 |
| 25 years | $15,879 |
Top Solar Installers in Coffeyville
Many homeowners choose to hire a solar panel installer since installing solar panels yourself can be hard. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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 Coffeyville
Factors that Affect Solar Panel Costs in Coffeyville
The cost of installing a solar system in Coffeyville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your household, 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 nearly $3,340. The model of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, 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’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Coffeyville, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, including the total 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 above the equipment and labor 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
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Coffeyville, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Coffeyville 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 that service. 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 | $3.47 | $14,589 | $21,050 | 10.2 years |
| 8 kW | $3.41 | $19,078 | $28,440 | 10.0 years |
| 10 kW | $3.34 | $23,380 | $36,018 | 9.8 years |
| 12 kW | $3.27 | $27,495 | $43,783 | 9.6 years |
| 14 kW | $3.21 | $31,423 | $51,734 | 9.4 years |
| 16 kW | $3.14 | $35,164 | $59,873 | 9.3 years |
| 18 kW | $3.07 | $38,717 | $68,199 | 9.1 years |
| 20 kW | $3.01 | $42,084 | $76,712 | 8.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: If you’re worried about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
- Contract: Before signing a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Coffeyville, KS Solar Cost FAQs
What is the average cost of installing solar panels in Coffeyville?
The average cost of solar panels in Coffeyville is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Coffeyville?
You can’t get solar panels for free in Coffeyville. However, you may still be able to get 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?
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% after installing a solar system."
How long do solar panels last in Coffeyville?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.
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.