Solar Panel Cost Guide in Larned, KS (2023 Update)
- Larned Solar Installation Cost: $13,090
- 25-Year Savings: $28,289
- Payback Period: 7.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Larned
Find out what the average cost of installing solar panels is in Larned.
The average cost of a solar system in Larned is 2.59 per watt. The average Larned homeowner needs a 7.2-kilowatt system, which would cost about $13,090 with the federal tax credit, or $18,719 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. With average savings of about $22,000 on electricity bills over 20 years, many homeowners in Larned find installing solar panels can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Larned that can help you get a more accurate cost estimate for your home.
Solar savings over time in Larned
| Year | Return on Investment |
|---|---|
| 1 years | $-11,435 |
| 3 years | $-8,124 |
| 5 years | $-4,814 |
| 7 years | $-1,504 |
| 9 years | $1,806 |
| 11 years | $5,117 |
| 13 years | $8,427 |
| 15 years | $11,737 |
| 17 years | $15,048 |
| 19 years | $18,358 |
| 21 years | $21,668 |
| 23 years | $24,979 |
| 25 years | $28,289 |
Top Solar Installers in Larned
Although you can install solar panels by yourself, it requires extra effort and know-how. Because of that, the majority of homeowners choose to hire a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 Larned
Factors that Affect Solar Panel Costs in Larned
There are a number of criteria that can play into your 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
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,590 per kilowatt in Larned. The brand of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to think 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 into a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable choice because they cut back your upfront costs and let you pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect your pricing. Larned's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Larned have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $2.69 | $11,313 | $23,064 | 8.2 years |
| 8 kW | $2.64 | $14,794 | $31,042 | 8.1 years |
| 10 kW | $2.59 | $18,130 | $39,165 | 7.9 years |
| 12 kW | $2.54 | $21,321 | $47,433 | 7.8 years |
| 14 kW | $2.49 | $24,367 | $55,847 | 7.6 years |
| 16 kW | $2.43 | $27,268 | $64,405 | 7.4 years |
| 18 kW | $2.38 | $30,023 | $73,108 | 7.3 years |
| 20 kW | $2.33 | $32,634 | $81,956 | 7.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one mark of a good company.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
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 Larned, KS Solar Cost FAQs
How much does it cost to install solar panels in Larned?
This is a hard question to answer precisely, because the cost depends on a few different 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose 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 long do solar panels last in Larned?
On average, solar panels can last 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.