Solar Panel Cost Guide in Concord, MO (2024 Update)
- Concord Solar Installation Cost: $17,060
- 25-Year Savings: $15,204
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Concord
Let’s take a look at the average cost of solar panels in Concord.
The national average cost of solar panels is $2.66 per watt, but in Concord it’s 3 per watt.Since a 7.2-kW system is needed to cover the energy consumption of a typical home in Concord, the average price of going solar will be about $17,060 after claiming the federal solar tax credit of 0.
These figures are just estimates, and how much solar costs for you may look different based on your energy needs and what company you choose to go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $16,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Concord
| 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 Concord
Although you can install solar panels by yourself, it takes extra energy and know-how. Because of that, most people choose to go with a solar panel installer. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a professional solar company can help your solar project go smoothly. 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 Concord
Factors that Affect Solar Panel Costs in Concord
Even though the average cost of a solar system in Concord is $17,060, your final cost may differ. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some 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 production use 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.There are several different solar panel brands and the one you choose also changes the cost. In many cases, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Concord homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your overall costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can play a role in determining your pricing. Concord’s solar companies all have different labor costs and add varying upcharges to 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 cost more. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also is 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 | $11,233 | 14.2 years |
| 8 kW | $3.44 | $19,249 | $15,355 | 13.9 years |
| 10 kW | $3.37 | $23,590 | $19,665 | 13.6 years |
| 12 kW | $3.30 | $27,742 | $24,165 | 13.4 years |
| 14 kW | $3.24 | $31,705 | $28,853 | 13.1 years |
| 16 kW | $3.17 | $35,479 | $33,729 | 12.8 years |
| 18 kW | $3.10 | $39,065 | $38,795 | 12.5 years |
| 20 kW | $3.03 | $42,462 | $44,049 | 12.3 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one mark of a good company.
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 Concord, MO Solar Cost FAQs
What is the average cost of installing solar panels in Concord?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
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 let you sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in Concord?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.