Solar Panel Cost Guide in Excelsior Springs, MO (2023 Update)
- Excelsior Springs Solar Installation Cost: $13,181
- 25-Year Savings: $18,846
- Payback Period: 10.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Excelsior Springs
See how much it might cost to go solar in Excelsior Springs.
The national average cost of solar panels is $2.66 per watt, but in Excelsior Springs it's 2.59 per watt. To cover the typical energy needs of the average home in Excelsior Springs, most homeowners require a 7.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,181, or $18,849 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you want to go with. Even with the significant upfront cost, the average Excelsior Springs homeowner can save around $17,000 on their power bills over 20 years, which is one of the positives of solar.
To receive a free quote from a highly rated solar company in Excelsior Springs, you can click the button below.
Solar savings over time in Excelsior Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-11,899 |
| 3 years | $-9,337 |
| 5 years | $-6,775 |
| 7 years | $-4,213 |
| 9 years | $-1,651 |
| 11 years | $911 |
| 13 years | $3,473 |
| 15 years | $6,035 |
| 17 years | $8,597 |
| 19 years | $11,159 |
| 21 years | $13,722 |
| 23 years | $16,284 |
| 25 years | $18,846 |
Top Solar Installers in Excelsior Springs
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with an installer can make switching to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a licensed solar company can make going solar easier. 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 Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Excelsior Springs
Factors that Affect Solar Panel Costs in Excelsior Springs
Even though the average cost of a solar system in Excelsior Springs is $13,181, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panels 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 with greater efficiency or power generation require 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. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Excelsior Springs homeowners opt to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Excelsior Springs, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk 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 lower 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 | $2.69 | $11,313 | $15,116 | 10.7 years |
| 8 kW | $2.64 | $14,794 | $20,444 | 10.5 years |
| 10 kW | $2.59 | $18,130 | $25,918 | 10.3 years |
| 12 kW | $2.54 | $21,321 | $31,537 | 10.1 years |
| 14 kW | $2.49 | $24,367 | $37,301 | 9.9 years |
| 16 kW | $2.43 | $27,268 | $43,209 | 9.7 years |
| 18 kW | $2.38 | $30,023 | $49,263 | 9.5 years |
| 20 kW | $2.33 | $32,634 | $55,462 | 9.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Solar Panel Brands: The model of solar panel you'd like to get plays a part in which installer you should go with, since different companies have access to different panels.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Excelsior Springs, MO Solar Cost FAQs
What is the average cost of installing solar panels in Excelsior Springs?
The average cost of solar panels in Excelsior Springs 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Excelsior Springs?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Excelsior Springs is currently $142,700, so you can expect a value of about $5,851 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Excelsior Springs is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.