Solar Panel Cost Guide in Wamego, KS (2024 Update)
- Wamego Solar Installation Cost: $18,241
- 25-Year Savings: $29,997
- Payback Period: 10.3 Years
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Average Cost of Solar Panels in Wamego
Find out what the average cost of installing solar panels is in Wamego.
In Wamego, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Wamego, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs about $18,241, or $26,085 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy usage and what installation company you go with.Despite the significant upfront cost, the average Wamego homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a top solar panel company in your area for a custom estimate.
Solar savings over time in Wamego
| Year | Return on Investment |
|---|---|
| 1 years | $-16,896 |
| 3 years | $-14,208 |
| 5 years | $-11,519 |
| 7 years | $-8,830 |
| 9 years | $-6,141 |
| 11 years | $-3,452 |
| 13 years | $-764 |
| 15 years | $1,925 |
| 17 years | $4,614 |
| 19 years | $7,303 |
| 21 years | $9,992 |
| 23 years | $12,681 |
| 25 years | $15,369 |
Top Solar Installers in Wamego
When making the switch to solar, many homeowners decide to use a solar installation company since putting up solar panels yourself can be a difficult project. Plus, if you’re not certain what type 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.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Wamego
Factors that Affect Solar Panel Costs in Wamego
The cost of installing a solar system in Wamego can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require 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.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Wamego, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Wamego to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time due to interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect how much it costs. Wamego’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice 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 promotions to compete with those major players.
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 | $19,358 | 10.7 years |
| 8 kW | $3.41 | $19,078 | $26,185 | 10.5 years |
| 10 kW | $3.34 | $23,380 | $33,198 | 10.3 years |
| 12 kW | $3.27 | $27,495 | $40,399 | 10.1 years |
| 14 kW | $3.21 | $31,423 | $47,787 | 9.9 years |
| 16 kW | $3.14 | $35,164 | $55,362 | 9.7 years |
| 18 kW | $3.07 | $38,717 | $63,124 | 9.5 years |
| 20 kW | $3.01 | $42,084 | $71,073 | 9.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. 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 make sure you peruse their list of options before deciding.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- 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 completed and how long it will take.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Wamego, KS Solar Cost FAQs
How much does it cost to install solar panels in Wamego?
This is a hard 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. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Wamego?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wamego is currently $259,102, so you can expect a value of about $10,623 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wamego is a fruitful investment.
How long do solar panels last in Wamego?
On average, solar panels can last 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 level 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.