Solar Panel Cost Guide in Excelsior Springs, MO (2024 Update)
- Excelsior Springs Solar Installation Cost: $17,152
- 25-Year Savings: $18,845
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Excelsior Springs
We go over average solar pricing in Excelsior Springs.
In Excelsior Springs, solar panels cost about 3 per watt on average.The average solar panel system size in Excelsior Springs is around 7.3 kilowatts, meaning a cost of about $17,152 for a solar installation, or $24,527 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $17,000 over 20 years on power bills.
To get a free quote from a highly rated solar installer in Excelsior Springs, you can click the button below.
Solar savings over time in Excelsior Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-15,861 |
| 3 years | $-13,280 |
| 5 years | $-10,699 |
| 7 years | $-8,118 |
| 9 years | $-5,537 |
| 11 years | $-2,955 |
| 13 years | $-374 |
| 15 years | $2,207 |
| 17 years | $4,788 |
| 19 years | $7,369 |
| 21 years | $9,950 |
| 23 years | $12,531 |
| 25 years | $15,113 |
Top Solar Installers in Excelsior Springs
Although you can install solar panels yourself, it takes extra effort and know-how. That's one of the reasons most people choose to go with a solar panel installer. Another good thing about using a top solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Excelsior Springs
Factors that Affect Solar Panel Costs in Excelsior Springs
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Excelsior Springs: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,370. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Excelsior Springs, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Excelsior Springs homeowners opt to finance their solar panel systems to make going solar more affordable.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 possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating in Excelsior Springs, and each can charge varying amounts for labor and equipment.The company’s size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater 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 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 | $3.50 | $14,720 | $11,709 | 13.9 years |
| 8 kW | $3.44 | $19,249 | $15,989 | 13.7 years |
| 10 kW | $3.37 | $23,590 | $20,458 | 13.4 years |
| 12 kW | $3.30 | $27,742 | $25,116 | 13.1 years |
| 14 kW | $3.24 | $31,705 | $29,962 | 12.9 years |
| 16 kW | $3.17 | $35,479 | $34,998 | 12.6 years |
| 18 kW | $3.10 | $39,065 | $40,221 | 12.3 years |
| 20 kW | $3.03 | $42,462 | $45,634 | 12.0 years |
How to Save on Solar Panels
The solar company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Warranty: If you care about the durability of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Make sure you’re aligned with the installer in 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.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated 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 positive reviews from past customers.
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 Excelsior Springs, MO Solar Cost FAQs
How much does it cost to install solar panels in Excelsior Springs?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Excelsior Springs?
You can’t get solar panels for free in Excelsior Springs. 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’d prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Excelsior Springs?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Excelsior Springs?
Though 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 their energy production will have decreased significantly after that point. You can replace them after having 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.