Solar Panel Cost Guide in Boonville, MO (2023 Update)
- Boonville Solar Installation Cost: $13,090
- 25-Year Savings: $21,414
- Payback Period: 9.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Boonville
Let's take a look at the average cost of solar in Boonville.
The national average cost of solar panels is $2.66 per watt, but in Boonville it's 2.59 per watt. Because a 7.2-kW system is needed to cover the energy usage of a typical home in Boonville, the average price of going solar will be about $13,090 after claiming the federal solar tax credit of 30%.
These figures are just averages, and your own solar costs may differ based on your specific situation and what company you go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Boonville for a quote for your home.
Solar savings over time in Boonville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,710 |
| 3 years | $-8,949 |
| 5 years | $-6,189 |
| 7 years | $-3,429 |
| 9 years | $-669 |
| 11 years | $2,092 |
| 13 years | $4,852 |
| 15 years | $7,612 |
| 17 years | $10,373 |
| 19 years | $13,133 |
| 21 years | $15,893 |
| 23 years | $18,654 |
| 25 years | $21,414 |
Top Solar Installers in Boonville
Although you can install solar panels yourself, it requires extra energy and expertise. That's why most homeowners choose a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you'd like to start using solar energy but still aren't certain which solar system company to go with, here are our suggestions for providers near you:
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 Boonville
Factors that Affect Solar Panel Costs in Boonville
There are a number of factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of a solar system in Boonville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $2,590 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Boonville, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Boonville to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. However, the interest on solar loans also adds to your total costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $17,354 | 9.9 years |
| 8 kW | $2.64 | $14,794 | $23,429 | 9.7 years |
| 10 kW | $2.59 | $18,130 | $29,649 | 9.5 years |
| 12 kW | $2.54 | $21,321 | $36,014 | 9.3 years |
| 14 kW | $2.49 | $24,367 | $42,523 | 9.1 years |
| 16 kW | $2.43 | $27,268 | $49,178 | 8.9 years |
| 18 kW | $2.38 | $30,023 | $55,978 | 8.7 years |
| 20 kW | $2.33 | $32,634 | $62,923 | 8.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which installer you should choose, since different companies have access to different panels.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
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 Boonville, MO Solar Cost FAQs
What is the average cost of installing solar panels in Boonville?
The average cost of solar panels in Boonville 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 kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Boonville?
Solar panels aren't free in Boonville, but there are some options that can make getting them more affordable, 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 Boonville?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption 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.