Solar Panel Cost Guide in Caruthersville, MO (2023 Update)

  • Caruthersville Solar Installation Cost: $12,611
  • 25-Year Savings: $20,463
  • Payback Period: 9.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Caruthersville

Let's take a look at the average cost of solar panels in Caruthersville.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Caruthersville, the average cost of solar panels is 2.59 per watt. To account for the typical energy needs of the average home in Caruthersville, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $12,618, or $18,044 before the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of going solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. Many homeowners find going solar is a solid investment. The average homeowner in Caruthersville can save around $18,000 on their electricity bills over 20 years.

Click the button below to get connected to a top solar installer in Caruthersville for a custom quote.

Solar savings over time in Caruthersville

Year Return on Investment
1 years $-12,501
3 years $-12,280
5 years $-12,060
7 years $-11,839
9 years $-11,619
11 years $-11,398
13 years $-11,178
15 years $-10,957
17 years $-10,737
19 years $-10,516
21 years $-10,296
23 years $-10,075
25 years $-9,855

Top Solar Installers in Caruthersville

Although it's possible to install solar panels yourself, it requires extra energy and handiness. For that reason, most people choose to go with a solar panel installer. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.

If you're on the hunt for a solar installer in Caruthersville, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Warranty Coverage

ADT Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Caruthersville

Factors that Affect Solar Panel Costs in Caruthersville

There are several criteria that can play into 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 system.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,590 per kilowatt in Caruthersville. The kind of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.

Solar Financing Terms

Most solar companies in Caruthersville offer solar loans, which reduce the initial cost of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The last major cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Caruthersville, you'll have many options to choose from, but each comes at varying price points for labor and equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.

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 $17,216 9.9 years
8 kW $2.64 $14,794 $23,244 9.7 years
10 kW $2.59 $18,130 $29,418 9.5 years
12 kW $2.54 $21,321 $35,737 9.3 years
14 kW $2.49 $24,367 $42,201 9.2 years
16 kW $2.43 $27,268 $48,809 9.0 years
18 kW $2.38 $30,023 $55,563 8.8 years
20 kW $2.33 $32,634 $62,462 8.6 years

How to Save on Solar Panels

Since the brand of solar panels and the installation 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 tips to keep in mind to help with your decision:

  • Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
  • Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
  • Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Warranty Coverage

ADT Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Caruthersville, MO Solar Cost FAQs

What is the average cost of installing solar panels in Caruthersville?

The average cost of solar panels in Caruthersville is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Caruthersville?

Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Is it worth going solar in Caruthersville?

Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.

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