Solar Panel Cost Guide in Eureka, MO (2024 Update)
- Eureka Solar Installation Cost: $17,005
- 25-Year Savings: $17,939
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Eureka
Let’s take a look at the average cost of solar in Eureka.
Although the national average of solar panels is $2.66 per watt, solar panels in Eureka generally cost around 3.The average solar panel system size in Eureka is around 7.2 kilowatts, meaning a cost of about $17,005 for a solar installation, or $24,317 before the 0 federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you may look different based on your energy needs and what company you go with.Even with the high initial cost, the average Eureka homeowner can save around $16,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Eureka
| Year | Return on Investment |
|---|---|
| 1 years | $-15,714 |
| 3 years | $-13,133 |
| 5 years | $-10,552 |
| 7 years | $-7,971 |
| 9 years | $-5,390 |
| 11 years | $-2,809 |
| 13 years | $-228 |
| 15 years | $2,353 |
| 17 years | $4,935 |
| 19 years | $7,516 |
| 21 years | $10,097 |
| 23 years | $12,678 |
| 25 years | $15,259 |
Top Solar Installers in Eureka
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be hard. Another good thing about choosing a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Eureka
Factors that Affect Solar Panel Costs in Eureka
There are several factors that can influence your total 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 cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,370.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Eureka average.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your total costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence the cost. Eureka’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Eureka are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $3.50 | $14,720 | $11,089 | 14.3 years |
| 8 kW | $3.44 | $19,249 | $15,162 | 14.0 years |
| 10 kW | $3.37 | $23,590 | $19,425 | 13.7 years |
| 12 kW | $3.30 | $27,742 | $23,876 | 13.4 years |
| 14 kW | $3.24 | $31,705 | $28,516 | 13.2 years |
| 16 kW | $3.17 | $35,479 | $33,344 | 12.9 years |
| 18 kW | $3.10 | $39,065 | $38,362 | 12.6 years |
| 20 kW | $3.03 | $42,462 | $43,568 | 12.3 years |
How to Save on Solar Panels
There are a lot of 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:
- Warranty: If you’re worried about the longevity of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
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 Eureka, MO Solar Cost FAQs
How much does it cost to install solar panels in Eureka?
The average cost of solar panels in Eureka is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Eureka?
Solar panels aren’t free in Eureka, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Eureka?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.