Solar Panel Cost Guide in Cameron, MO (2024 Update)
- Cameron Solar Installation Cost: $17,234
- 25-Year Savings: $22,669
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Cameron
Let’s take a look at the average cost of solar in Cameron.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cameron, the typical cost of a solar system is 3 per watt.Because a 7.3-kW system is needed to cover the energy costs of a typical home in Cameron, the average price of going solar will be about $17,234 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $19,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Cameron
| Year | Return on Investment |
|---|---|
| 1 years | $-15,944 |
| 3 years | $-13,363 |
| 5 years | $-10,782 |
| 7 years | $-8,200 |
| 9 years | $-5,619 |
| 11 years | $-3,038 |
| 13 years | $-457 |
| 15 years | $2,124 |
| 17 years | $4,705 |
| 19 years | $7,286 |
| 21 years | $9,868 |
| 23 years | $12,449 |
| 25 years | $15,030 |
Top Solar Installers in Cameron
Many homeowners decide to use a solar panel installer since trying to put up solar panels by yourself can be a lot of work. Local solar installers can also help you optimize your return on investment by assisting with any local incentives and by offering warranties and repairs.
If you're looking for a solar installer in Cameron, the EcoWatch team has 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
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 Cameron
Factors that Affect Solar Panel Costs in Cameron
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Cameron: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Cameron, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,370 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 Cameron, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Cameron, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Cameron, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $3.50 | $14,720 | $14,775 | 12.5 years |
| 8 kW | $3.44 | $19,249 | $20,077 | 12.2 years |
| 10 kW | $3.37 | $23,590 | $25,568 | 12.0 years |
| 12 kW | $3.30 | $27,742 | $31,248 | 11.8 years |
| 14 kW | $3.24 | $31,705 | $37,116 | 11.5 years |
| 16 kW | $3.17 | $35,479 | $43,174 | 11.3 years |
| 18 kW | $3.10 | $39,065 | $49,420 | 11.0 years |
| 20 kW | $3.03 | $42,462 | $55,854 | 10.8 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- 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 you can expect about the project timeline.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Cameron, MO Solar Cost FAQs
What is the average cost of installing solar panels in Cameron?
The average cost of solar panels in Cameron 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact my property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.