Solar Panel Cost Guide in Ashland, MO (2023 Update)
- Ashland Solar Installation Cost: $13,126
- 25-Year Savings: $20,566
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ashland
Find out what the average cost of installing solar panels is in Ashland.
In Ashland, solar panels cost about 2.59 per watt on average. The average Ashland homeowner needs a 7.2-kilowatt system, which would cost about $13,126 with the federal tax credit, or $18,770 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary quite a bit based on a few factors, such as how many panels you need, your energy usage and what company you go with. But, once you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on electricity bills.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Ashland
| Year | Return on Investment |
|---|---|
| 1 years | $-11,778 |
| 3 years | $-9,083 |
| 5 years | $-6,388 |
| 7 years | $-3,692 |
| 9 years | $-997 |
| 11 years | $1,698 |
| 13 years | $4,394 |
| 15 years | $7,089 |
| 17 years | $9,784 |
| 19 years | $12,480 |
| 21 years | $15,175 |
| 23 years | $17,871 |
| 25 years | $20,566 |
Top Solar Installers in Ashland
Many homeowners opt for a solar panel company since installing solar panels on your own can be a labor-intensive endeavor. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you'd like to go solar but still aren't certain which solar system installer to go with, here are our suggestions for providers in Ashland:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Ashland
Factors that Affect Solar Panel Costs in Ashland
For many Ashland homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Ashland, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Ashland average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in Ashland, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating in Ashland, and each can charge different amounts for labor and equipment. 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 extra 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 | $2.69 | $11,313 | $16,596 | 10.1 years |
| 8 kW | $2.64 | $14,794 | $22,418 | 9.9 years |
| 10 kW | $2.59 | $18,130 | $28,385 | 9.7 years |
| 12 kW | $2.54 | $21,321 | $34,497 | 9.5 years |
| 14 kW | $2.49 | $24,367 | $40,755 | 9.4 years |
| 16 kW | $2.43 | $27,268 | $47,157 | 9.2 years |
| 18 kW | $2.38 | $30,023 | $53,704 | 9.0 years |
| 20 kW | $2.33 | $32,634 | $60,397 | 8.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, completion timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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 $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Ashland?
A solar panel system isn't free in Ashland, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
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?
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 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.