Solar Panel Cost Guide in Independence, KS (2024 Update)
- Independence Solar Installation Cost: $17,523
- 25-Year Savings: $30,346
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Independence
Find out what the average cost of solar panel installation is in Independence.
While the national average of solar panels is $2.66 per watt, solar panels in Independence generally cost about 3.The average Independence homeowner needs a 7.5-kilowatt system, which would cost about $17,523 with the federal tax credit, or $25,058 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Independence homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $22,000 on utility bills over 20 years, many homeowners in Independence find installing solar panels can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Independence that can help you get a more accurate cost estimate for your home.
Solar savings over time in Independence
| 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 Independence
Many homeowners choose to hire a solar installer since installing solar panels on your own can be a labor-intensive endeavor. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Independence:
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 Independence
Factors that Affect Solar Panel Costs in Independence
Though the average cost of a solar system in Independence is $17,523, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,340.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Independence homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your total costs, so it’s crucial to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you select will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Independence are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $20,582 | 10.4 years |
| 8 kW | $3.41 | $19,078 | $27,817 | 10.2 years |
| 10 kW | $3.34 | $23,380 | $35,239 | 10.0 years |
| 12 kW | $3.27 | $27,495 | $42,848 | 9.8 years |
| 14 kW | $3.21 | $31,423 | $50,644 | 9.6 years |
| 16 kW | $3.14 | $35,164 | $58,626 | 9.4 years |
| 18 kW | $3.07 | $38,717 | $66,796 | 9.2 years |
| 20 kW | $3.01 | $42,084 | $75,154 | 9.0 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The type of solar panel you want to get plays a role in which company you should opt for, since different companies have different panels.
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Independence, KS Solar Cost FAQs
What is the average cost of installing solar panels in Independence?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $16,700 for a 5-kW system and $33,400 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Independence?
Solar panels aren’t free in Independence, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will solar panels impact my property value?
Solar panels can increase your property’s 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 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 typically 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.