Solar Panel Cost Guide in Dexter, MO (2024 Update)
- Dexter Solar Installation Cost: $16,654
- 25-Year Savings: $17,619
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Dexter
We break down average solar pricing in Dexter.
The national average cost of solar panels is $2.66 per watt, but in Dexter it’s 3 per watt.The average solar panel system size in Dexter is around 7.1 kilowatts, meaning a cost of about $16,654 for a solar installation, or $23,815 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Dexter depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Dexter see about $16,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Dexter that can help you get a more accurate cost estimate for your home.
Solar savings over time in Dexter
Year | Return on Investment |
---|---|
1 years | $-15,364 |
3 years | $-12,782 |
5 years | $-10,201 |
7 years | $-7,620 |
9 years | $-5,039 |
11 years | $-2,458 |
13 years | $123 |
15 years | $2,704 |
17 years | $5,286 |
19 years | $7,867 |
21 years | $10,448 |
23 years | $13,029 |
25 years | $15,610 |
Top Solar Installers in Dexter
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with an installer can make swapping over to solar power much easier. Solar warranties and repairs are often included in the cost of installation when you hire a solar company as well, which can save you more money after your upfront investment.
If you're on the hunt for a solar installer in Dexter, we've organized 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
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 Dexter
Factors that Affect Solar Panel Costs in Dexter
For many Dexter homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Dexter, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences 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 typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Dexter, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Dexter offer solar loans, which reduce the initial cost of installing a solar system.Although solar loans make going solar more accessible for Dexter homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating in Dexter, and each can charge varying amounts for labor and equipment.The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater 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 promotion can bring their pricing down to compete with bigger names.
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 | $11,132 | 14.2 years |
8 kW | $3.44 | $19,249 | $15,220 | 14.0 years |
10 kW | $3.37 | $23,590 | $19,497 | 13.7 years |
12 kW | $3.30 | $27,742 | $23,963 | 13.4 years |
14 kW | $3.24 | $31,705 | $28,617 | 13.1 years |
16 kW | $3.17 | $35,479 | $33,460 | 12.9 years |
18 kW | $3.10 | $39,065 | $38,492 | 12.6 years |
20 kW | $3.03 | $42,462 | $43,712 | 12.3 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Installation Process: Get detailed information 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: Many companies 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 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 Dexter, MO Solar Cost FAQs
What is the average cost of installing solar panels in Dexter?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Dexter?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your property value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.