Solar Panel Cost Guide in Palmyra, KS (Oct 2022)

  • Palmyra Solar Installation Cost: $14,160
  • 25-Year Savings: $28,016
  • Payback Period: 8.4 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Palmyra

Find out what the average cost of a solar system is in Palmyra.

In Palmyra, solar panels cost about $3 per watt on average. To cover the typical energy usage of the average home in Palmyra, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,160, or $10,478 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what company you go with. But, once you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $21,000 over 20 years on electricity bills.

To get a free quote from a highly rated solar installer in Palmyra, you can click the button below.

Solar savings over time in Palmyra

Year Return on Investment
1 years $-12,473
3 years $-9,098
5 years $-5,724
7 years $-2,350
9 years $1,024
11 years $4,398
13 years $7,772
15 years $11,146
17 years $14,520
19 years $17,894
21 years $21,268
23 years $24,642
25 years $28,016

Top Solar Installers in Palmyra

Although you can install solar panels by yourself, it involves extra time and knowledge. Because of that, the majority of homeowners choose to go with a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.

If you'd like to make the switch to solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers nearby:

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 (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Palmyra

Factors that Affect Solar Panel Costs in Palmyra

There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment Size

One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,590 per kilowatt in Palmyra. There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to install 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

Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Palmyra homeowners opt to finance their solar panel systems to offset upfront costs. 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 off the loan.

Solar Panel Installation Company

A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Palmyra is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services at different price points. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that provides the products, warranties and services you want and also is within your budget.

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 $21,070 8.7 years
8 kW $2.64 $14,794 $28,383 8.6 years
10 kW $2.59 $18,130 $35,841 8.4 years
12 kW $2.54 $21,321 $43,445 8.2 years
14 kW $2.49 $24,367 $51,193 8.1 years
16 kW $2.43 $27,268 $59,086 7.9 years
18 kW $2.38 $30,023 $67,125 7.7 years
20 kW $2.33 $32,634 $75,309 7.6 years

Solar Incentives in Palmyra

Name Renewable Energy Property Tax Exemption
Incentive Amount 100%
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:

  • Warranty: If you care about the longevity of your solar panels, checking your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
  • Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.

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 (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Palmyra, KS Solar Cost FAQs

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

The average cost of solar panels in Palmyra is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Palmyra?

Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

Is it worth going solar in Palmyra?

Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.

How long do solar panels last in Palmyra?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.

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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