Solar Panel Cost Guide in Cameron, MO (2023 Update)
- Cameron Solar Installation Cost: $13,253
- 25-Year Savings: $22,661
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Cameron
We break down average solar pricing in Cameron.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cameron, the typical cost of solar panels is 2.59 per watt. The average Cameron homeowner needs a 7.3-kilowatt system, which would cost about $13,253 with the federal tax credit, or $18,952 before the 30% tax credit is applied.
The true price you pay can be higher or lower than the average in Cameron based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. But, once you've paid the initial cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
Click the button below to get connected to a top solar installer in your area for a custom estimate.
Solar savings over time in Cameron
| Year | Return on Investment |
|---|---|
| 1 years | $-11,816 |
| 3 years | $-8,943 |
| 5 years | $-6,070 |
| 7 years | $-3,197 |
| 9 years | $-324 |
| 11 years | $2,549 |
| 13 years | $5,422 |
| 15 years | $8,296 |
| 17 years | $11,169 |
| 19 years | $14,042 |
| 21 years | $16,915 |
| 23 years | $19,788 |
| 25 years | $22,661 |
Top Solar Installers in Cameron
When switching to solar energy, many homeowners prefer to use a solar installation company since installing a solar system yourself can be a time-consuming project. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers nearby:
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 Cameron
Factors that Affect Solar Panel Costs in Cameron
There are a number of factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The type 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, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Cameron average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Cameron, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. When estimating 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
Lastly, the company you opt for to install your solar panel system can play a part in determining your pricing. Cameron's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Cameron have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $18,182 | 9.6 years |
| 8 kW | $2.64 | $14,794 | $24,532 | 9.4 years |
| 10 kW | $2.59 | $18,130 | $31,028 | 9.2 years |
| 12 kW | $2.54 | $21,321 | $37,669 | 9.0 years |
| 14 kW | $2.49 | $24,367 | $44,455 | 8.9 years |
| 16 kW | $2.43 | $27,268 | $51,385 | 8.7 years |
| 18 kW | $2.38 | $30,023 | $58,461 | 8.5 years |
| 20 kW | $2.33 | $32,634 | $65,682 | 8.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Contract: Before signing a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers 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 Cameron, MO Solar Cost FAQs
What is the average cost of installing solar panels in Cameron?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The upfront 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 areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How will having solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cameron is currently $141,400, so you can look forward to a value of about $5,797 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Cameron is a worthwhile investment.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs 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 house 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.