Solar Panel Cost Guide in Concord, MO (2023 Update)
- Concord Solar Installation Cost: $13,108
- 25-Year Savings: $18,174
- Payback Period: 10.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Concord
Find out what the average cost of installing solar panels is in Concord.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Concord, the average cost of a solar system is 2.59 per watt. To account for the typical energy usage of the average home in Concord, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,108, or $18,744 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and your own solar costs will differ based on your energy needs and what company you want to go with. Even with the significant initial cost, the average Concord homeowner can save about $16,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Concord that can help you get a more accurate cost estimate for your home.
Solar savings over time in Concord
| Year | Return on Investment |
|---|---|
| 1 years | $-11,857 |
| 3 years | $-9,354 |
| 5 years | $-6,852 |
| 7 years | $-4,349 |
| 9 years | $-1,846 |
| 11 years | $656 |
| 13 years | $3,159 |
| 15 years | $5,661 |
| 17 years | $8,164 |
| 19 years | $10,667 |
| 21 years | $13,169 |
| 23 years | $15,672 |
| 25 years | $18,174 |
Top Solar Installers in Concord
When going solar, many homeowners opt to go with a solar installation company since putting up a solar system yourself can be a difficult project. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Concord
Factors that Affect Solar Panel Costs in Concord
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Concord: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a 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 add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Concord to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Concord is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Concord have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $2.69 | $11,313 | $14,640 | 10.9 years |
| 8 kW | $2.64 | $14,794 | $19,810 | 10.7 years |
| 10 kW | $2.59 | $18,130 | $25,125 | 10.5 years |
| 12 kW | $2.54 | $21,321 | $30,586 | 10.3 years |
| 14 kW | $2.49 | $24,367 | $36,191 | 10.1 years |
| 16 kW | $2.43 | $27,268 | $41,941 | 9.8 years |
| 18 kW | $2.38 | $30,023 | $47,836 | 9.6 years |
| 20 kW | $2.33 | $32,634 | $53,877 | 9.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have proven 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 good reviews from past customers.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
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 Concord, MO Solar Cost FAQs
What is the average cost of installing solar panels in Concord?
The average cost of solar panels in Concord is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Concord?
A solar panel system isn't free in Concord, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Concord have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.