Solar Panel Cost Guide in Concordia, KS (2023 Update)
- Concordia Solar Installation Cost: $13,743
- 25-Year Savings: $32,135
- Payback Period: 7.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Concordia
See how much it might cost to go solar in Concordia.
Although the national average of solar panels is $2.66 per watt, solar panels in Concordia generally cost around 2.59. Because a 7.6-kW system is needed to cover the energy costs of a typical home in Concordia, the average price of going solar will be about $13,743 after claiming the federal solar tax credit of 30%.
The true price you pay can be higher or lower than the average in Concordia based on several factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Concordia can save about $23,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Concordia that can help you get a more accurate cost estimate for your home.
Solar savings over time in Concordia
| Year | Return on Investment |
|---|---|
| 1 years | $-11,907 |
| 3 years | $-8,237 |
| 5 years | $-4,567 |
| 7 years | $-897 |
| 9 years | $2,773 |
| 11 years | $6,444 |
| 13 years | $10,114 |
| 15 years | $13,784 |
| 17 years | $17,454 |
| 19 years | $21,124 |
| 21 years | $24,795 |
| 23 years | $28,465 |
| 25 years | $32,135 |
Top Solar Installers in Concordia
Installing solar panels on your own can be a dangerous task, which is why getting a solar installation company is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for your home.
If you're looking for a solar company in Concordia, the EcoWatch team has compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Concordia
Factors that Affect Solar Panel Costs in Concordia
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, 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 around $2,590. The model of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment consists of 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 looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Concordia to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Concordia, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $25,008 | 7.8 years |
| 8 kW | $2.64 | $14,794 | $33,635 | 7.6 years |
| 10 kW | $2.59 | $18,130 | $42,406 | 7.5 years |
| 12 kW | $2.54 | $21,321 | $51,322 | 7.3 years |
| 14 kW | $2.49 | $24,367 | $60,383 | 7.2 years |
| 16 kW | $2.43 | $27,268 | $69,590 | 7.0 years |
| 18 kW | $2.38 | $30,023 | $78,941 | 6.9 years |
| 20 kW | $2.33 | $32,634 | $88,438 | 6.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Solar Panel Brands: The type of solar panel you want to install plays a role in which company you should opt for, since different companies offer different panels.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Concordia, KS Solar Cost FAQs
How much does it cost to install solar panels in Concordia?
This is a hard question to answer precisely, because the cost depends on a variety of 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 other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Concordia?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home 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 bang for your buck from going solar.
Is it worth going solar in Concordia?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.