Solar Panel Cost Guide in Pratt, KS (2024 Update)
- Pratt Solar Installation Cost: $16,843
- 25-Year Savings: $30,038
- Payback Period: 9.8 Years
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Average Cost of Solar Panels in Pratt
Find out what the average cost of solar panel installation is in Pratt.
While the national average of solar panels is $2.66 per watt, solar panels in Pratt typically cost about 3.Since a 7.2-kW system is needed to cover the energy needs of a typical home in Pratt, the average price of going solar will be about $16,843 after claiming the federal solar tax credit of 0.
These figures are just averages, and the cost of going solar for you may look different based on your energy needs and what company you choose to go with.But, once you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $23,000 over 20 years on energy bills.
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Solar savings over time in Pratt
Year | Return on Investment |
---|---|
1 years | $-15,545 |
3 years | $-12,950 |
5 years | $-10,354 |
7 years | $-7,758 |
9 years | $-5,163 |
11 years | $-2,567 |
13 years | $28 |
15 years | $2,624 |
17 years | $5,219 |
19 years | $7,815 |
21 years | $10,410 |
23 years | $13,006 |
25 years | $15,601 |
Top Solar Installers in Pratt
Although you can install solar panels on your own, it requires extra time and know-how. Because of that, almost all homeowners choose a solar panel installer. Some solar installers, particularly local ones, can help you better understand incentives in Pratt, therefore optimizing your ROI.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
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 Pratt
Factors that Affect Solar Panel Costs in Pratt
While the average cost of a solar system in Pratt is $16,843, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
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 electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,340 per kilowatt in Pratt.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you want 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
Most solar installers in Pratt have solar loans, which reduce your upfront costs of installing a solar system.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Pratt, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $21,306 | 10.2 years |
8 kW | $3.41 | $19,078 | $28,783 | 10.0 years |
10 kW | $3.34 | $23,380 | $36,446 | 9.8 years |
12 kW | $3.27 | $27,495 | $44,296 | 9.6 years |
14 kW | $3.21 | $31,423 | $52,333 | 9.4 years |
16 kW | $3.14 | $35,164 | $60,558 | 9.2 years |
18 kW | $3.07 | $38,717 | $68,969 | 9.0 years |
20 kW | $3.01 | $42,084 | $77,568 | 8.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Contract: It’s important to read 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.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Pratt, KS Solar Cost FAQs
How much does it cost to install solar panels in Pratt?
The average cost of solar panels in Pratt is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is a crucial 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 think about are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Pratt?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.