Solar Panel Cost Guide in Caruthersville, MO (2024 Update)
- Caruthersville Solar Installation Cost: $16,409
- 25-Year Savings: $20,463
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Caruthersville
We break down average solar pricing in Caruthersville.
While the national average of solar panels is $2.66 per watt, solar panels in Caruthersville generally cost about 3.To account for the typical energy usage of the average home in Caruthersville, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,409, or $23,465 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and how much solar costs for you will most likely differ based on factors unique to your home and what company you want to go with.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Caruthersville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,118 |
| 3 years | $-12,537 |
| 5 years | $-9,956 |
| 7 years | $-7,375 |
| 9 years | $-4,793 |
| 11 years | $-2,212 |
| 13 years | $369 |
| 15 years | $2,950 |
| 17 years | $5,531 |
| 19 years | $8,112 |
| 21 years | $10,693 |
| 23 years | $13,274 |
| 25 years | $15,856 |
Top Solar Installers in Caruthersville
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar company can make switching to solar power much easier. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar contractor too, which can save you more money over time.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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 Caruthersville
Factors that Affect Solar Panel Costs in Caruthersville
For many Caruthersville homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Caruthersville, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Caruthersville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $3,370 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Caruthersville have solar loans, which reduce your upfront costs of installing solar.While solar loans make adopting solar energy more accessible for Caruthersville homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $13,809 | 12.9 years |
| 8 kW | $3.44 | $19,249 | $18,789 | 12.7 years |
| 10 kW | $3.37 | $23,590 | $23,958 | 12.4 years |
| 12 kW | $3.30 | $27,742 | $29,316 | 12.2 years |
| 14 kW | $3.24 | $31,705 | $34,862 | 11.9 years |
| 16 kW | $3.17 | $35,479 | $40,597 | 11.7 years |
| 18 kW | $3.10 | $39,065 | $46,521 | 11.4 years |
| 20 kW | $3.03 | $42,462 | $52,634 | 11.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
Best National Provider
SunPower
- 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
- 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 Caruthersville, MO Solar Cost FAQs
How much does it cost to install solar panels in Caruthersville?
The average cost of solar panels in Caruthersville 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $950.96 per year.
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.