Solar Panel Cost Guide in Park, KS (2023 Update)
- Park Solar Installation Cost: $13,381
- 25-Year Savings: $28,408
- Payback Period: 8.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Park
We go over average solar pricing in Park.
While the national average of solar panels is $2.66 per watt, solar panels in Park generally cost around 2.59. The average solar panel system size in Park is around 7.4 kilowatts, meaning a cost of about $13,380 for a solar installation, or $19,133 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. Even with the significant initial cost, the average Park homeowner can save around $22,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar installer in Park that can help you get a more accurate cost estimate for your home.
Solar savings over time in Park
| Year | Return on Investment |
|---|---|
| 1 years | $-13,242 |
| 3 years | $-12,963 |
| 5 years | $-12,684 |
| 7 years | $-12,406 |
| 9 years | $-12,127 |
| 11 years | $-11,849 |
| 13 years | $-11,570 |
| 15 years | $-11,291 |
| 17 years | $-11,013 |
| 19 years | $-10,734 |
| 21 years | $-10,456 |
| 23 years | $-10,177 |
| 25 years | $-9,898 |
Top Solar Installers in Park
Many homeowners choose to use a solar panel installer since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you're searching for a solar company in Park, we've put together 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 Park
Factors that Affect Solar Panel Costs in Park
For many Park homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Park, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Park, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,590 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Park, where sunlight is abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Park have solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also increases your all-in costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in Park, and each can charge varying amounts for labor and equipment. Additionally, some companies in Park are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $2.69 | $11,313 | $22,659 | 8.3 years |
| 8 kW | $2.64 | $14,794 | $30,502 | 8.2 years |
| 10 kW | $2.59 | $18,130 | $38,490 | 8.0 years |
| 12 kW | $2.54 | $21,321 | $46,624 | 7.8 years |
| 14 kW | $2.49 | $24,367 | $54,902 | 7.7 years |
| 16 kW | $2.43 | $27,268 | $63,325 | 7.5 years |
| 18 kW | $2.38 | $30,023 | $71,893 | 7.4 years |
| 20 kW | $2.33 | $32,634 | $80,607 | 7.2 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: The brand of solar panel you'd like plays a part in which installer you should opt for, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Park, KS Solar Cost FAQs
What is the average cost of installing solar panels in Park?
The average cost of solar panels in Park is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
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 your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels completely eradicate my electricity bills?
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 $1,132.41 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know 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 home 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.