Solar Panel Cost Guide in Boonville, MO (2024 Update)
- Boonville Solar Installation Cost: $17,036
- 25-Year Savings: $21,411
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Boonville
Find out how much it might cost to switch to solar power in Boonville.
The national average cost of solar panels is $2.66 per watt, but in Boonville it’s 3 per watt.Using this figure, a typical 7.2-kW system would cost about $17,036 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on the amount of energy your home requires and what company you go with.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Boonville can save about $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Boonville for a quote for your home.
Solar savings over time in Boonville
Year | Return on Investment |
---|---|
1 years | $-15,745 |
3 years | $-13,164 |
5 years | $-10,583 |
7 years | $-8,002 |
9 years | $-5,420 |
11 years | $-2,839 |
13 years | $-258 |
15 years | $2,323 |
17 years | $4,904 |
19 years | $7,485 |
21 years | $10,066 |
23 years | $12,647 |
25 years | $15,229 |
Top Solar Installers in Boonville
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of an installer can make your switch to solar power much easier. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Boonville:
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 Boonville
Factors that Affect Solar Panel Costs in Boonville
For many Boonville homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Boonville, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels 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 consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,370 for each additional kilowatt you need.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 in the long run on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Boonville average.
Solar Financing Terms
Most solar companies in Boonville provide solar loans, which reduce your upfront costs of installing solar panels.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Boonville, and each can charge different amounts for labor and equipment.The company’s size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk 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 | $13,947 | 12.8 years |
8 kW | $3.44 | $19,249 | $18,974 | 12.6 years |
10 kW | $3.37 | $23,590 | $24,189 | 12.3 years |
12 kW | $3.30 | $27,742 | $29,593 | 12.1 years |
14 kW | $3.24 | $31,705 | $35,185 | 11.8 years |
16 kW | $3.17 | $35,479 | $40,967 | 11.6 years |
18 kW | $3.10 | $39,065 | $46,937 | 11.4 years |
20 kW | $3.03 | $42,462 | $53,095 | 11.1 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Boonville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: When reading through your solar installer’s contract, ask for clarification 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.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should choose, since different companies provide different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Boonville, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.