Solar Panel Cost Guide in Caruthersville, MO (2025 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.
The national average cost of solar panels is $2.66 per watt, but in Caruthersville it’s 3 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 per-watt figure above, a solar installation costs around $16,409, or $23,465 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.But, after you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $18,000 over 20 years on power bills.
You can click the button below to get connected with a pre-vetted solar company in Caruthersville that can help you get a more accurate cost estimate for your home.
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
Trying to put up solar panels yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Caruthersville
Factors that Affect Solar Panel Costs in Caruthersville
For many Caruthersville homeowners, the decision to adopt solar energy 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 various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,370.The brand and type of equipment you choose 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 come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof 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. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Caruthersville have solar loans, which reduce the initial cost of installing a solar system.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Caruthersville is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different costs.Additionally, some companies in Caruthersville are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $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
Since the model of solar panels and the installer you choose greatly impacts 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:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Caruthersville, MO Solar Cost FAQs
How much does it cost to install solar panels in Caruthersville?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
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 long do solar panels last in Caruthersville?
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.