Solar Panel Cost Guide in Eureka, MO (2023 Update)
- Eureka Solar Installation Cost: $13,069
- 25-Year Savings: $17,939
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Eureka
Find out what the average cost of solar panel installation is in Eureka.
In Eureka, solar panels cost about 2.59 per watt on average. To cover the typical energy usage of the average home in Eureka, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,072, or $18,693 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and how much solar costs for you will most likely look different based on factors unique to your home and what company you go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Eureka can save around $16,000 on their electricity bills over 20 years.
To receive a free quote from a vetted solar installer in Eureka, you can click the button below.
Solar savings over time in Eureka
| Year | Return on Investment |
|---|---|
| 1 years | $-11,779 |
| 3 years | $-9,197 |
| 5 years | $-6,616 |
| 7 years | $-4,035 |
| 9 years | $-1,454 |
| 11 years | $1,127 |
| 13 years | $3,708 |
| 15 years | $6,289 |
| 17 years | $8,870 |
| 19 years | $11,452 |
| 21 years | $14,033 |
| 23 years | $16,614 |
| 25 years | $19,195 |
Top Solar Installers in Eureka
Many homeowners choose to hire a solar panel installer since installing solar panels yourself can be a labor-intensive endeavor. The expertise that solar installers offer can be useful as well, especially if you aren't sure what type of solar equipment would be right for your home.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Eureka
Factors that Affect Solar Panel Costs in Eureka
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Eureka: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need 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 $2,590. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Eureka to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Eureka is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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
The solar panel company you opt for will impact not only your overall costs, but also the types 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 has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Eureka have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.