Solar Panel Cost Guide in Chesterfield, MO (2024 Update)
- Chesterfield Solar Installation Cost: $17,060
- 25-Year Savings: $16,840
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Chesterfield
We break down average solar pricing in Chesterfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Chesterfield, the average cost of a solar system is 3 per watt.To account for the typical energy usage of the average home in Chesterfield, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $17,060, or $24,396 before the federal solar tax credit of 0 is applied.
These figures are just averages, and your own solar costs will vary based on factors unique to your home and what company you go with.For most homeowners, the upfront cost of solar power is worth paying. On average Chesterfield homeowners see about $16,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Chesterfield for a personalized quote.
Solar savings over time in Chesterfield
| Year | Return on Investment |
|---|---|
| 1 years | $-15,769 |
| 3 years | $-13,188 |
| 5 years | $-10,607 |
| 7 years | $-8,026 |
| 9 years | $-5,445 |
| 11 years | $-2,864 |
| 13 years | $-283 |
| 15 years | $2,298 |
| 17 years | $4,880 |
| 19 years | $7,461 |
| 21 years | $10,042 |
| 23 years | $12,623 |
| 25 years | $15,204 |
Top Solar Installers in Chesterfield
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using a solar company can make converting to solar power much easier. The payback period on a solar system will vary based on factors like your roof configuration and energy usage, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Chesterfield
Factors that Affect Solar Panel Costs in Chesterfield
While the average cost of a solar system in Chesterfield is $17,060, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 spend about $3,370 per kilowatt in Chesterfield.The kind of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Chesterfield, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Chesterfield, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you’re looking for and also fits within your budget.
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 | $10,129 | 14.8 years |
| 8 kW | $3.44 | $19,249 | $13,883 | 14.5 years |
| 10 kW | $3.37 | $23,590 | $17,825 | 14.2 years |
| 12 kW | $3.30 | $27,742 | $21,957 | 14.0 years |
| 14 kW | $3.24 | $31,705 | $26,277 | 13.7 years |
| 16 kW | $3.17 | $35,479 | $30,785 | 13.4 years |
| 18 kW | $3.10 | $39,065 | $35,483 | 13.1 years |
| 20 kW | $3.03 | $42,462 | $40,369 | 12.8 years |
How to Save on Solar Panels
There are numerous companies to choose from in Chesterfield, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Chesterfield, MO Solar Cost FAQs
What is the average cost of installing solar panels in Chesterfield?
The average cost of solar panels in Chesterfield 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Chesterfield?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.