Solar Panel Cost Guide in Bonne Terre, MO (Mar 2023)
- Bonne Terre Solar Installation Cost: $13,035
- 25-Year Savings: $20,719
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Bonne Terre
Let's take a look at the average cost of solar in Bonne Terre.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bonne Terre, the average cost of a solar system is 2.59 per watt. Since a 7.2-kW system is needed to cover the energy usage of a typical home in Bonne Terre, the average price of going solar will be about $13,035 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with. Despite the large upfront cost, the average Bonne Terre homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar installer in Bonne Terre for a quote for your home.
Solar savings over time in Bonne Terre
| Year | Return on Investment |
|---|---|
| 1 years | $-11,685 |
| 3 years | $-8,985 |
| 5 years | $-6,285 |
| 7 years | $-3,584 |
| 9 years | $-884 |
| 11 years | $1,816 |
| 13 years | $4,517 |
| 15 years | $7,217 |
| 17 years | $9,917 |
| 19 years | $12,618 |
| 21 years | $15,318 |
| 23 years | $18,018 |
| 25 years | $20,719 |
Top Solar Installers in Bonne Terre
Many homeowners opt for a solar panel company since trying to put up solar panels on your own can be a labor-intensive endeavor. The expertise that solar installers offer can be useful as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
If you're looking for a solar installer in Bonne Terre, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Bonne Terre
Factors that Affect Solar Panel Costs in Bonne Terre
The cost of installing a solar system in Bonne Terre can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Bonne Terre have solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Bonne Terre, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you want and also is within your budget.
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 | $16,866 | 10.0 years |
| 8 kW | $2.64 | $14,794 | $22,779 | 9.8 years |
| 10 kW | $2.59 | $18,130 | $28,836 | 9.7 years |
| 12 kW | $2.54 | $21,321 | $35,038 | 9.5 years |
| 14 kW | $2.49 | $24,367 | $41,385 | 9.3 years |
| 16 kW | $2.43 | $27,268 | $47,878 | 9.1 years |
| 18 kW | $2.38 | $30,023 | $54,515 | 8.9 years |
| 20 kW | $2.33 | $32,634 | $61,298 | 8.7 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Make sure your solar 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 the EcoWatch team.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which company you should opt for, since different companies offer different panels.
- Contract: Before signing a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Bonne Terre, MO Solar Cost FAQs
How much does it cost to install solar panels in Bonne Terre?
The average cost of solar panels in Bonne Terre is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Bonne Terre?
Solar panels aren't free in Bonne Terre, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Bonne Terre?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.
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.