Solar Panel Cost Guide in De Soto, KS (2024 Update)
- De Soto Solar Installation Cost: $18,424
- 25-Year Savings: $26,915
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in De Soto
Here’s how much it might cost to switch to solar power in De Soto.
Although the national average of solar panels is $2.66 per watt, solar panels in De Soto typically cost around 3.To account for the typical energy usage of the average home in De Soto, most homeowners require a 7.9-kilowatt system. Using the figure above, a solar installation costs about $18,424, or $26,346 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of De Soto homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $20,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar installer in De Soto that can help you get a more accurate cost estimate for your home.
Solar savings over time in De Soto
| Year | Return on Investment |
|---|---|
| 1 years | $-17,053 |
| 3 years | $-14,311 |
| 5 years | $-11,570 |
| 7 years | $-8,828 |
| 9 years | $-6,087 |
| 11 years | $-3,345 |
| 13 years | $-604 |
| 15 years | $2,138 |
| 17 years | $4,879 |
| 19 years | $7,621 |
| 21 years | $10,362 |
| 23 years | $13,104 |
| 25 years | $15,845 |
Top Solar Installers in De Soto
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your swap to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance in the long run.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 De Soto
Factors that Affect Solar Panel Costs in De Soto
There are several factors that can influence your total 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
When it comes to estimating the price of a solar energy system in De Soto, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,340 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in De Soto provide solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to add 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 the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in De Soto, and each can charge different amounts for labor and equipment.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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 | $16,782 | 11.6 years |
| 8 kW | $3.41 | $19,078 | $22,750 | 11.4 years |
| 10 kW | $3.34 | $23,380 | $28,906 | 11.2 years |
| 12 kW | $3.27 | $27,495 | $35,248 | 11.0 years |
| 14 kW | $3.21 | $31,423 | $41,777 | 10.7 years |
| 16 kW | $3.14 | $35,164 | $48,493 | 10.5 years |
| 18 kW | $3.07 | $38,717 | $55,397 | 10.3 years |
| 20 kW | $3.01 | $42,084 | $62,487 | 10.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in De Soto, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- 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 what the project timeline is.
- Solar Panel Brands: Different companies have different brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's De Soto, KS Solar Cost FAQs
How much does it cost to install solar panels in De Soto?
The average cost of solar panels in De Soto 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will having solar panels impact my property value?
Solar panels can increase the value of your home remarkably 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 solar panels."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 level 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.