Solar Panel Cost Guide in Palmyra, KS (2024 Update)
- Palmyra Solar Installation Cost: $18,270
- 25-Year Savings: $28,008
- Payback Period: 10.8 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Palmyra
Find out what the average cost of solar panels are in Palmyra.
The average cost of a solar system in Palmyra is 3 per watt.To account for the typical energy needs of the average home in Palmyra, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs around $18,270, or $26,126 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy usage and what solar installer you go with.With typical savings of about $21,000 on power bills over 20 years, many homeowners in Palmyra find going solar can be quite rewarding.
Click the button below to get connected to a highly rated solar panel company in your area for a customized quote.
Solar savings over time in Palmyra
| Year | Return on Investment |
|---|---|
| 1 years | $-16,886 |
| 3 years | $-14,118 |
| 5 years | $-11,350 |
| 7 years | $-8,583 |
| 9 years | $-5,815 |
| 11 years | $-3,047 |
| 13 years | $-279 |
| 15 years | $2,489 |
| 17 years | $5,257 |
| 19 years | $8,024 |
| 21 years | $10,792 |
| 23 years | $13,560 |
| 25 years | $16,328 |
Top Solar Installers in Palmyra
Many homeowners decide to hire a solar installer since trying to install solar panels yourself can be a labor-intensive endeavor. The payback period on a solar system will vary based on factors like your roof configuration and energy needs, but going with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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
For many Palmyra homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Palmyra, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over 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 power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,340 per kilowatt in Palmyra.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Palmyra, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Palmyra homeowners decide to finance their solar panel systems to make going solar more affordable.While solar loans make adopting solar energy more accessible for Palmyra homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Companies that only sell high-efficiency and high-priced products — 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 has the products, warranties and services you’re looking for 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 | $3.47 | $14,589 | $17,794 | 11.3 years |
| 8 kW | $3.41 | $19,078 | $24,099 | 11.0 years |
| 10 kW | $3.34 | $23,380 | $30,591 | 10.8 years |
| 12 kW | $3.27 | $27,495 | $37,271 | 10.6 years |
| 14 kW | $3.21 | $31,423 | $44,137 | 10.4 years |
| 16 kW | $3.14 | $35,164 | $51,190 | 10.2 years |
| 18 kW | $3.07 | $38,717 | $58,431 | 10.0 years |
| 20 kW | $3.01 | $42,084 | $65,859 | 9.7 years |
How to Save on Solar Panels
The solar company you choose will influence not only your total 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 consider, such as:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Contract: Review the contract terms carefully to make sure you understand the overall cost, project timeline rebates and warranties.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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
How much does it cost to install solar panels in Palmyra?
The average cost of solar panels in Palmyra is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Palmyra?
A solar panel system isn’t free in Palmyra, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 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.