Solar Panel Cost Guide in Ashland, MO (2025 Update)
- Ashland Solar Installation Cost: $17,087
- 25-Year Savings: $20,560
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Ashland
Here’s how much it might cost to install solar panels in Ashland.
The national average cost of solar panels is $2.66 per watt, but in Ashland it’s 3 per watt.Because a 7.2-kW system is needed to cover the energy usage of a typical home in Ashland, the average price of going solar will be about $17,087 after claiming the federal solar tax credit of 0.
The true cost of your system can go above or below the average in Ashland based on several factors, such as the kind of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $18,000 over 20 years on energy bills.
To get a free quote from a top solar installation company in Ashland, you can click the button below.
Solar savings over time in Ashland
| Year | Return on Investment |
|---|---|
| 1 years | $-15,796 |
| 3 years | $-13,215 |
| 5 years | $-10,634 |
| 7 years | $-8,053 |
| 9 years | $-5,472 |
| 11 years | $-2,890 |
| 13 years | $-309 |
| 15 years | $2,272 |
| 17 years | $4,853 |
| 19 years | $7,434 |
| 21 years | $10,015 |
| 23 years | $12,596 |
| 25 years | $15,178 |
Top Solar Installers in Ashland
Installing solar panels yourself can be a difficult task, which is why using a solar installer is a good option for many homeowners. Plus, if you aren’t sure what kind of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
If you're looking for a solar installer in Ashland, we've put together a list of our top suggestions here:
See all of the solar companies in Ashland
Factors that Affect Solar Panel Costs in Ashland
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Ashland: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,370.There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable route because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $3.50 | $14,720 | $13,189 | 13.2 years |
| 8 kW | $3.44 | $19,249 | $17,963 | 12.9 years |
| 10 kW | $3.37 | $23,590 | $22,925 | 12.7 years |
| 12 kW | $3.30 | $27,742 | $28,077 | 12.4 years |
| 14 kW | $3.24 | $31,705 | $33,416 | 12.2 years |
| 16 kW | $3.17 | $35,479 | $38,945 | 11.9 years |
| 18 kW | $3.10 | $39,065 | $44,663 | 11.7 years |
| 20 kW | $3.03 | $42,462 | $50,569 | 11.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
EcoWatch's Ashland, MO Solar Cost FAQs
What is the average cost of installing solar panels in Ashland?
The average cost of solar panels in Ashland is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Ashland?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to 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.
Is it worth going solar in Ashland?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Although 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 decide to replace them once you've had them for that long or you can continue to use 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.