Solar Panel Cost Guide in Cameron, MO (2023 Update)
- Cameron Solar Installation Cost: $17,234
- 25-Year Savings: $22,669
- Payback Period: 12.0 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Cameron
Find out what the average cost of solar panels are in Cameron.
Although the national average of solar panels is $2.66 per watt, solar panels in Cameron generally cost around 2.59.Because a 7.3-kW system is needed to cover the energy needs of a typical home in Cameron, the average price of going solar will be about $13,253 after claiming the federal solar tax credit of 30%.
The true cost of your system can be above or below the average in Cameron depending on several factors, such as the type of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Cameron can save about $19,000 on their electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar company, 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
When making the switch to solar, many homeowners choose to hire a solar installation company since DIY solar panel installation can be a time-consuming project. The expertise that solar installers offer 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 quote from a local solar installer on the cost of solar panels for your home. Here are some in Cameron:
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 Cameron
Factors that Affect Solar Panel Costs in Cameron
There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,590 per kilowatt in Cameron.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bump up your total well above the Cameron average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Cameron homeowners opt to finance their solar panel systems to make paying for solar more affordable.It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Cameron, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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
Since the model of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: If you care about the longevity of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Cameron, MO Solar Cost FAQs
How much does it cost to install solar panels in Cameron?
The average cost of solar panels in Cameron 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 certain factors 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 Cameron?
A solar panel system isn't free in Cameron, 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.
Can you sell solar power back to the grid in Cameron?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.