Solar Panel Cost Guide in De Soto, MO (2023 Update)
- De Soto Solar Installation Cost: $13,027
- 25-Year Savings: $21,016
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in De Soto
Here's how much it might cost to make the switch to solar in De Soto.
The average cost of a solar panel system in De Soto is 2.59 per watt. The average De Soto homeowner needs a 7.2-kilowatt system, which would cost about $13,035 with the federal tax credit, or $18,640 before the 30% tax credit is applied.
Keep in mind 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. With average savings of about $18,000 on power bills over 20 years, many homeowners in De Soto find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in De Soto that can help you get a more accurate cost estimate for your home.
Solar savings over time in De Soto
| Year | Return on Investment |
|---|---|
| 1 years | $-12,914 |
| 3 years | $-12,687 |
| 5 years | $-12,460 |
| 7 years | $-12,233 |
| 9 years | $-12,006 |
| 11 years | $-11,779 |
| 13 years | $-11,552 |
| 15 years | $-11,325 |
| 17 years | $-11,098 |
| 19 years | $-10,871 |
| 21 years | $-10,644 |
| 23 years | $-10,417 |
| 25 years | $-10,190 |
Top Solar Installers in De Soto
When making the switch to solar, many homeowners decide to use a solar company since DIY solar panel installation can be a challenging project. The expertise that solar installers offer can be valuable as well, especially if you aren't sure what kind of solar equipment you need.
If you'd like to switch to solar energy but still aren't sure which solar system company to go with, here are our suggestions for providers nearby:
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 De Soto
Factors that Affect Solar Panel Costs in De Soto
For many De Soto homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in De Soto, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the De Soto average.
Solar Financing Terms
Many homeowners find the average cost of solar in De Soto to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time due to interest. However, the interest on solar loans also increases your total costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in De Soto is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that offer a range of services for different budgets. The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $17,114 | 9.9 years |
| 8 kW | $2.64 | $14,794 | $23,108 | 9.8 years |
| 10 kW | $2.59 | $18,130 | $29,248 | 9.6 years |
| 12 kW | $2.54 | $21,321 | $35,533 | 9.4 years |
| 14 kW | $2.49 | $24,367 | $41,962 | 9.2 years |
| 16 kW | $2.43 | $27,268 | $48,537 | 9.0 years |
| 18 kW | $2.38 | $30,023 | $55,257 | 8.8 years |
| 20 kW | $2.33 | $32,634 | $62,122 | 8.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: If you're worried about the durability of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which company you should go with, since different companies have different panels.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's De Soto, MO Solar Cost FAQs
What is the average cost of installing solar panels in De Soto?
This is a hard question to answer precisely, 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want 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 certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
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 their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using 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.