Solar Panel Cost Guide in Goddard, KS (2023 Update)
- Goddard Solar Installation Cost: $13,380
- 25-Year Savings: $27,964
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Goddard
Let's take a look at the average cost of solar in Goddard.
In Goddard, solar panels cost about 2.59 per watt on average. To cover the typical energy needs of the average home in Goddard, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,380, or $19,133 before the federal solar tax credit of 30% is applied.
These figures are only averages, and how much solar costs for you will most likely differ based on your energy needs and what company you want to go with. With average savings of about $21,000 on utility bills over 20 years, many homeowners in Goddard find going solar can be quite rewarding.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Goddard
| Year | Return on Investment |
|---|---|
| 1 years | $-11,726 |
| 3 years | $-8,419 |
| 5 years | $-5,111 |
| 7 years | $-1,804 |
| 9 years | $1,504 |
| 11 years | $4,811 |
| 13 years | $8,119 |
| 15 years | $11,426 |
| 17 years | $14,734 |
| 19 years | $18,041 |
| 21 years | $21,349 |
| 23 years | $24,656 |
| 25 years | $27,964 |
Top Solar Installers in Goddard
Many homeowners decide to use a solar panel company since figuring out how to install solar panels yourself can be time-consuming. The expertise that solar companies provide can be helpful as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Goddard
Factors that Affect Solar Panel Costs in Goddard
There are several factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
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, you can expect your total to increase by nearly $2,590. The brand and kind of equipment you choose 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Goddard homeowners opt to finance their solar panel systems to make paying for solar more affordable. 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater 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 | $22,297 | 8.4 years |
| 8 kW | $2.64 | $14,794 | $30,019 | 8.3 years |
| 10 kW | $2.59 | $18,130 | $37,887 | 8.1 years |
| 12 kW | $2.54 | $21,321 | $45,899 | 7.9 years |
| 14 kW | $2.49 | $24,367 | $54,057 | 7.8 years |
| 16 kW | $2.43 | $27,268 | $62,359 | 7.6 years |
| 18 kW | $2.38 | $30,023 | $70,807 | 7.4 years |
| 20 kW | $2.33 | $32,634 | $79,400 | 7.3 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Solar Panel Brands: The model of solar panel you need to install plays a part in which company you should opt for, since different companies provide different panels.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Goddard, KS Solar Cost FAQs
How much does it cost to install solar panels in Goddard?
The average cost of solar panels in Goddard is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having 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 Goddard is currently $175,500, which means you can expect a value of about $7,196 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Goddard is a fruitful investment.
How long do solar panels last in Goddard?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.