Solar Panel Cost Guide in Ashland, MO (2024 Update)

  • Ashland Solar Installation Cost: $17,087
  • 25-Year Savings: $20,560
  • Payback Period: 12.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Ashland

Here’s how much it might cost to install solar panels in Ashland.

In Ashland, solar panels cost about 3 per watt on average.The average Ashland homeowner needs a 7.2-kilowatt system, which would cost about $17,087 with the federal tax credit, or $24,434 before the 0 tax credit is applied.

These figures are only averages, and your own solar costs will differ based on factors unique to your home and what company you go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $18,000 over 20 years on utility bills.

To calculate your potential ROI and connect with a local solar installer, 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

Many homeowners opt for a solar installer since trying to install solar panels yourself can be hard. The expertise that solar companies provide can be useful as well, especially if you don’t quite know what kind of solar equipment you need.

If you’d like to make the switch to solar but still aren’t sure which solar company to go with, here are our suggestions for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Ashland

Factors that Affect Solar Panel Costs in Ashland

The cost of installing a solar system in Ashland 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 equipment choices, financing options and the solar installer you choose.

Solar Equipment

The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,370. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Many homeowners find the average cost of solar in Ashland to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to paying more over time due to interest.Even though solar loans make switching to solar energy more accessible for Ashland homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar panel installation company you choose will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.50 $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

Since the model of solar panels and the installer you choose has an impact on 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:

  • Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 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 real cost will depend on stuff like the model 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 attractive choice, because it usually comes with low or $0 upfront payments. The downside 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.

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 how much direct sunlight your roof gets.

How long do solar panels last in Ashland?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.

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