Solar Panel Cost Guide in Eureka, MO (Feb 2023)
- Eureka Solar Installation Cost: $13,072
- 25-Year Savings: $17,936
- Payback Period: 10.5 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Eureka
Here's how much it might cost to install solar panels in Eureka.
In Eureka, solar panels cost about $3 per watt on average. Since a 7.2-kW system is needed to cover the energy needs of a typical home in Eureka, the average price of going solar will be about $13,072 before claiming the federal solar tax credit of 30%.
These figures are just averages, and how much solar costs for you may look different based on factors unique to your home and what company you go with. Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Eureka can save about $16,000 on their power bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Eureka
| Year | Return on Investment |
|---|---|
| 1 years | $-11,831 |
| 3 years | $-9,351 |
| 5 years | $-6,870 |
| 7 years | $-4,390 |
| 9 years | $-1,909 |
| 11 years | $572 |
| 13 years | $3,052 |
| 15 years | $5,533 |
| 17 years | $8,014 |
| 19 years | $10,494 |
| 21 years | $12,975 |
| 23 years | $15,455 |
| 25 years | $17,936 |
Top Solar Installers in Eureka
When switching to solar energy, many homeowners choose to use a solar company since putting up solar panels yourself can be a difficult project. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
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 in Eureka:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Eureka
Factors that Affect Solar Panel Costs in Eureka
There are a number of factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,590. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Eureka average.
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 Eureka homeowners opt to finance their solar panel systems to offset upfront costs. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Eureka, and each can charge varying amounts for labor and equipment. The company's size can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to 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 discount 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 | $2.69 | $11,313 | $14,496 | 11.0 years |
| 8 kW | $2.64 | $14,794 | $19,618 | 10.7 years |
| 10 kW | $2.59 | $18,130 | $24,885 | 10.5 years |
| 12 kW | $2.54 | $21,321 | $30,297 | 10.3 years |
| 14 kW | $2.49 | $24,367 | $35,854 | 10.1 years |
| 16 kW | $2.43 | $27,268 | $41,556 | 9.9 years |
| 18 kW | $2.38 | $30,023 | $47,403 | 9.7 years |
| 20 kW | $2.33 | $32,634 | $53,396 | 9.5 years |
How to Save on Solar Panels
There are a large number of companies available in Eureka, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Eureka, MO Solar Cost FAQs
What is the average cost of installing solar panels in Eureka?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally 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 above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Eureka?
You can't get solar panels for free in Eureka. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact how much my home is worth?
Solar panels can increase your property's 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."
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 should be disposed of 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 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.