Solar Panel Cost Guide in McPherson, KS (2024 Update)
- McPherson Solar Installation Cost: $17,359
- 25-Year Savings: $27,512
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in McPherson
Find out what the average cost of installing solar panels is in McPherson.
In McPherson, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in McPherson, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,359, or $24,823 before the federal solar tax credit of 0 is applied.
How much you pay can go higher or lower than the average in McPherson depending on several factors, such as the model of solar panels you choose and the solar company you hire.Despite the high initial cost, the average McPherson homeowner can save around $21,000 on their power bills over 20 years, which is one of the advantages of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in McPherson
| Year | Return on Investment |
|---|---|
| 1 years | $-16,015 |
| 3 years | $-13,326 |
| 5 years | $-10,637 |
| 7 years | $-7,948 |
| 9 years | $-5,259 |
| 11 years | $-2,570 |
| 13 years | $118 |
| 15 years | $2,807 |
| 17 years | $5,496 |
| 19 years | $8,185 |
| 21 years | $10,874 |
| 23 years | $13,562 |
| 25 years | $16,251 |
Top Solar Installers in McPherson
Many homeowners choose to hire a solar panel installer since installing solar panels by yourself can be time-consuming. Plus, if you aren’t sure what brand of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar company in McPherson, we've organized a list of our top suggestions here:
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 McPherson
Factors that Affect Solar Panel Costs in McPherson
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in McPherson: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most significant 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 energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,340 per kilowatt in McPherson.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like McPherson, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in McPherson, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in McPherson 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 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 | $18,521 | 11.0 years |
| 8 kW | $3.41 | $19,078 | $25,069 | 10.8 years |
| 10 kW | $3.34 | $23,380 | $31,804 | 10.6 years |
| 12 kW | $3.27 | $27,495 | $38,726 | 10.4 years |
| 14 kW | $3.21 | $31,423 | $45,835 | 10.2 years |
| 16 kW | $3.14 | $35,164 | $53,131 | 10.0 years |
| 18 kW | $3.07 | $38,717 | $60,614 | 9.7 years |
| 20 kW | $3.01 | $42,084 | $68,284 | 9.5 years |
How to Save on Solar Panels
There are a large number of companies available in McPherson, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: When making the switch to solar energy, it’s important to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you prefer a specific brand, make sure the solar panel company 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
EcoWatch's McPherson, KS Solar Cost FAQs
How much does it cost to install solar panels in McPherson?
This is a hard question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,103.68 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.