Solar Panel Cost Guide in Parsons, KS (2023 Update)
- Parsons Solar Installation Cost: $13,688
- 25-Year Savings: $32,173
- Payback Period: 7.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Parsons
Find out what the average cost of installing solar panels is in Parsons.
The average cost of a solar system in Parsons is 2.59 per watt. Because a 7.5-kW system is needed to cover the energy costs of a typical home in Parsons, the average price of going solar will be about $13,688 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. But, after you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $23,000 over 20 years on utility bills.
To receive a free estimate from a highly rated solar installation company in Parsons, you can click the button below.
Solar savings over time in Parsons
| Year | Return on Investment |
|---|---|
| 1 years | $-11,854 |
| 3 years | $-8,185 |
| 5 years | $-4,516 |
| 7 years | $-847 |
| 9 years | $2,822 |
| 11 years | $6,491 |
| 13 years | $10,159 |
| 15 years | $13,828 |
| 17 years | $17,497 |
| 19 years | $21,166 |
| 21 years | $24,835 |
| 23 years | $28,504 |
| 25 years | $32,173 |
Top Solar Installers in Parsons
Although you can install solar panels on your own, it takes extra labor and know-how. That's why most homeowners choose to hire a solar panel installer. Plus, if you aren't sure what brand of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Parsons
Factors that Affect Solar Panel Costs in Parsons
The cost of installing a solar system in Parsons can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,590. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Parsons average.
Solar Financing Terms
Many homeowners find the average cost of solar in Parsons to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. However, the interest on solar loans also increases your total costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Parsons, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $25,149 | 7.8 years |
| 8 kW | $2.64 | $14,794 | $33,822 | 7.6 years |
| 10 kW | $2.59 | $18,130 | $42,640 | 7.5 years |
| 12 kW | $2.54 | $21,321 | $51,603 | 7.3 years |
| 14 kW | $2.49 | $24,367 | $60,711 | 7.2 years |
| 16 kW | $2.43 | $27,268 | $69,964 | 7.0 years |
| 18 kW | $2.38 | $30,023 | $79,363 | 6.9 years |
| 20 kW | $2.33 | $32,634 | $88,906 | 6.7 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Installation Process: Make sure you're on the same page with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you want a specific brand, make sure the solar 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 (coming 2022)
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 Parsons, KS Solar Cost FAQs
How much does it cost to install solar panels in Parsons?
The average cost of solar panels in Parsons 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my home value?
Solar panels can increase the value of your home significantly 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 a solar system."
How long do solar panels last in Parsons?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.