Solar Panel Cost Guide in Derby, KS (2024 Update)

  • Derby Solar Installation Cost: $17,256
  • 25-Year Savings: $30,760
  • Payback Period: 9.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Derby

Let’s take a look at the average cost of solar in Derby.

While the national average of solar panels is $2.66 per watt, solar panels in Derby generally cost about 3.Using this figure, a typical 7.4-kW system would cost about $17,256 before the 0 federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary based on several factors, such as what size system you need, your energy consumption and what solar installer you go with.Despite the significant upfront cost, the average Derby homeowner can save around $23,000 on their energy bills over 20 years, which is one of the positives of solar.

For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Derby

Year Return on Investment
1 years $-15,920
3 years $-13,247
5 years $-10,575
7 years $-7,903
9 years $-5,231
11 years $-2,559
13 years $113
15 years $2,785
17 years $5,457
19 years $8,130
21 years $10,802
23 years $13,474
25 years $16,146

Top Solar Installers in Derby

Trying to put up solar panels by yourself can be a stressful undertaking, which is why using a solar installation company is a good option for many homeowners. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.

If you're looking for a solar installer in Derby, we've put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Derby

Factors that Affect Solar Panel Costs in Derby

For many Derby homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Derby, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,340.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Derby, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

The remaining significant cost factor you should keep in mind is the installer you choose. Given the massive popularity of renewable energy solutions in Derby, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.

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 $21,295 10.2 years
8 kW $3.41 $19,078 $28,768 10.0 years
10 kW $3.34 $23,380 $36,427 9.8 years
12 kW $3.27 $27,495 $44,274 9.6 years
14 kW $3.21 $31,423 $52,307 9.4 years
16 kW $3.14 $35,164 $60,528 9.2 years
18 kW $3.07 $38,717 $68,935 9.0 years
20 kW $3.01 $42,084 $77,530 8.8 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:

  • Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
  • Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
  • Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Derby, KS Solar Cost FAQs

What is the average cost of installing solar panels in Derby?

The average cost of solar panels in Derby is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Derby?

Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of 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 savings from going solar.

How will solar panels impact my home value?

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 Derby is currently $266,532, which means you can expect a value of about $10,928 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Derby is a fruitful investment.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home needs 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 home 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.

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