Solar Panel Cost Guide in Bonne Terre, MO (2024 Update)
- Bonne Terre Solar Installation Cost: $16,954
- 25-Year Savings: $20,724
- Payback Period: 12.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Bonne Terre
Let’s have a look at the average cost of solar panels in Bonne Terre.
The national average cost of solar panels is $2.66 per watt, but in Bonne Terre it’s 3 per watt.The average solar panel system size in Bonne Terre is around 7.2 kilowatts, meaning a cost of about $16,954 for a solar installation, or $24,244 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you may vary based on your specific situation and what company you want to go with.With average savings of about $18,000 on utility bills over 20 years, many homeowners in Bonne Terre find installing solar panels can be quite rewarding.
To get a free quote from a pre-vetted solar installation company in Bonne Terre, you can click the button below.
Solar savings over time in Bonne Terre
| Year | Return on Investment |
|---|---|
| 1 years | $-15,663 |
| 3 years | $-13,082 |
| 5 years | $-10,501 |
| 7 years | $-7,920 |
| 9 years | $-5,339 |
| 11 years | $-2,758 |
| 13 years | $-177 |
| 15 years | $2,405 |
| 17 years | $4,986 |
| 19 years | $7,567 |
| 21 years | $10,148 |
| 23 years | $12,729 |
| 25 years | $15,310 |
Top Solar Installers in Bonne Terre
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make your swap to solar power much easier. The expertise that solar companies provide can be useful as well, particularly if you aren’t sure what brand of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Bonne Terre
Factors that Affect Solar Panel Costs in Bonne Terre
For many Bonne Terre homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Bonne Terre, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,370. The model of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Bonne Terre offer solar loans, which reduce the initial cost of installing solar panels.Though solar loans make adopting solar energy more accessible for Bonne Terre 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 remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Bonne Terre, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Bonne Terre are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,459 | 13.1 years |
| 8 kW | $3.44 | $19,249 | $18,323 | 12.8 years |
| 10 kW | $3.37 | $23,590 | $23,376 | 12.6 years |
| 12 kW | $3.30 | $27,742 | $28,617 | 12.3 years |
| 14 kW | $3.24 | $31,705 | $34,047 | 12.1 years |
| 16 kW | $3.17 | $35,479 | $39,666 | 11.8 years |
| 18 kW | $3.10 | $39,065 | $45,473 | 11.6 years |
| 20 kW | $3.03 | $42,462 | $51,470 | 11.3 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- 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 large role in the company you choose.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Bonne Terre, MO Solar Cost FAQs
What is the average cost of installing solar panels in Bonne Terre?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Bonne Terre?
Leasing solar panels can be an option if you can’t 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 financial benefits from going solar.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Bonne Terre, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 cover 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.