Solar Panel Cost Guide in De Soto, MO (2024 Update)
- De Soto Solar Installation Cost: $16,950
- 25-Year Savings: $21,016
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in De Soto
Find out what the average cost of solar panels are in De Soto.
Currently, the national average cost of solar panels is $2.66 per watt. However, in De Soto, the typical cost of a solar system is 3 per watt.The average solar panel system size in De Soto is around 7.2 kilowatts, meaning a cost of about $16,950 for a solar installation, or $24,238 before the 0 federal solar tax credit is applied.
Remember 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 solar system you want to get, your solar contractor and more.Many homeowners find going solar is a fruitful investment. The average homeowner in De Soto can save about $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top 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 | $-15,660 |
| 3 years | $-13,079 |
| 5 years | $-10,498 |
| 7 years | $-7,916 |
| 9 years | $-5,335 |
| 11 years | $-2,754 |
| 13 years | $-173 |
| 15 years | $2,408 |
| 17 years | $4,989 |
| 19 years | $7,570 |
| 21 years | $10,152 |
| 23 years | $12,733 |
| 25 years | $15,314 |
Top Solar Installers in De Soto
Many homeowners opt for a solar installer since trying to put up solar panels by yourself can be challenging. Plus, if you’re unsure what brand of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar installer in De Soto, we've compiled a list of our top suggestions here:
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
The cost of installing a solar system in De Soto can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,370. There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Although solar loans make switching to solar energy more accessible for De Soto homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in De Soto is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different price points.The company’s size can sometimes play the most significant role in your 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 can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $3.50 | $14,720 | $13,707 | 12.9 years |
| 8 kW | $3.44 | $19,249 | $18,653 | 12.7 years |
| 10 kW | $3.37 | $23,590 | $23,788 | 12.4 years |
| 12 kW | $3.30 | $27,742 | $29,112 | 12.2 years |
| 14 kW | $3.24 | $31,705 | $34,624 | 11.9 years |
| 16 kW | $3.17 | $35,479 | $40,325 | 11.7 years |
| 18 kW | $3.10 | $39,065 | $46,215 | 11.5 years |
| 20 kW | $3.03 | $42,462 | $52,294 | 11.2 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The model of solar panel you’d like to install plays a role in which company you should go with, since different companies provide different panels.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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
How much does it cost to install solar panels in De Soto?
The average cost of solar panels in De Soto 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 use.
What other factors should I consider aside from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels completely eradicate my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in De Soto, 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 often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide 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.