Solar Panel Cost Guide in Creve Coeur, MO (2023 Update)
- Creve Coeur Solar Installation Cost: $13,108
- 25-Year Savings: $17,451
- Payback Period: 10.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Creve Coeur
Find out what the average cost of solar panel installation is in Creve Coeur.
The average cost of solar panels in Creve Coeur is 2.59 per watt. The average Creve Coeur homeowner needs a 7.2-kilowatt system, which would cost about $13,108 with the federal tax credit, or $18,744 before the 30% tax credit is applied.
How much you pay can go above or below the average in Creve Coeur based on several factors, such as the type of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $16,000 in savings on utility bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Creve Coeur for a customized quote.
Solar savings over time in Creve Coeur
| Year | Return on Investment |
|---|---|
| 1 years | $-11,886 |
| 3 years | $-9,441 |
| 5 years | $-6,996 |
| 7 years | $-4,552 |
| 9 years | $-2,107 |
| 11 years | $338 |
| 13 years | $2,782 |
| 15 years | $5,227 |
| 17 years | $7,672 |
| 19 years | $10,116 |
| 21 years | $12,561 |
| 23 years | $15,006 |
| 25 years | $17,451 |
Top Solar Installers in Creve Coeur
Trying to put up solar panels by yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you decide which one will be best for your family.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Creve Coeur
Factors that Affect Solar Panel Costs in Creve Coeur
For many Creve Coeur homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Creve Coeur, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,590 per kilowatt in Creve Coeur. There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Though solar loans make switching to solar energy more accessible for Creve Coeur homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect how much it costs. Creve Coeur's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Creve Coeur have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $14,040 | 11.2 years |
| 8 kW | $2.64 | $14,794 | $19,010 | 10.9 years |
| 10 kW | $2.59 | $18,130 | $24,125 | 10.7 years |
| 12 kW | $2.54 | $21,321 | $29,385 | 10.5 years |
| 14 kW | $2.49 | $24,367 | $34,790 | 10.3 years |
| 16 kW | $2.43 | $27,268 | $40,340 | 10.1 years |
| 18 kW | $2.38 | $30,023 | $46,035 | 9.9 years |
| 20 kW | $2.33 | $32,634 | $51,875 | 9.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project completion timeline incentives and warranties.
- Reputation: Make sure your solar company 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.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Creve Coeur, MO Solar Cost FAQs
How much does it cost to install solar panels in Creve Coeur?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will cost more if you want other 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 it better to lease or buy solar panels in Creve Coeur?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Creve Coeur, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 get 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.