Solar Panel Cost Guide in Parsons, KS (2024 Update)
- Parsons Solar Installation Cost: $17,644
- 25-Year Savings: $32,179
- Payback Period: 9.6 Years
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Average Cost of Solar Panels in Parsons
Here’s how much it might cost to make the switch to solar in Parsons.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Parsons, the average cost of a solar system is 3 per watt.Using this figure, a typical 7.5-kW system would cost about $17,644 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Parsons depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find going solar is a sound investment. The average homeowner in Parsons can save about $23,000 on their energy bills over 20 years.
To get a free quote from a vetted solar installation company in Parsons, you can click the button below.
Solar savings over time in Parsons
| Year | Return on Investment |
|---|---|
| 1 years | $-16,308 |
| 3 years | $-13,636 |
| 5 years | $-10,964 |
| 7 years | $-8,291 |
| 9 years | $-5,619 |
| 11 years | $-2,947 |
| 13 years | $-275 |
| 15 years | $2,397 |
| 17 years | $5,069 |
| 19 years | $7,741 |
| 21 years | $10,413 |
| 23 years | $13,086 |
| 25 years | $15,758 |
Top Solar Installers in Parsons
When switching to solar energy, many homeowners prefer to go with a solar installer since putting up a solar system yourself can be a challenging project. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar installer in Parsons, 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
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
There are a number of criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need 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 $3,340.The type of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Parsons offer solar loans, which reduce your upfront costs of installing solar.It’s wise to add 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
The solar installer you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by promoting 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 | $3.47 | $14,589 | $21,873 | 10.0 years |
| 8 kW | $3.41 | $19,078 | $29,538 | 9.8 years |
| 10 kW | $3.34 | $23,380 | $37,390 | 9.6 years |
| 12 kW | $3.27 | $27,495 | $45,429 | 9.4 years |
| 14 kW | $3.21 | $31,423 | $53,655 | 9.2 years |
| 16 kW | $3.14 | $35,164 | $62,068 | 9.0 years |
| 18 kW | $3.07 | $38,717 | $70,669 | 8.8 years |
| 20 kW | $3.01 | $42,084 | $79,456 | 8.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose greatly influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
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 Parsons, KS Solar Cost FAQs
How much does it cost to install solar panels in Parsons?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $16,700 for a 5-kW system and $33,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Parsons?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How will having solar panels impact my property value?
Solar panels can increase your property’s value considerably 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 solar panels."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.