Solar Panel Cost Guide in Fenton, MO (2024 Update)
- Fenton Solar Installation Cost: $17,060
- 25-Year Savings: $17,756
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Fenton
Find out what the average cost of solar panels are in Fenton.
In Fenton, solar panels cost about 3 per watt on average.Using this figure, a typical 7.2-kW system would cost about $17,060 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Fenton based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.With typical savings of about $16,000 on electricity bills over 20 years, many homeowners in Fenton find installing solar panels can be quite rewarding.
To get a free quote from a vetted solar company in Fenton, you can click the button below.
Solar savings over time in Fenton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,769 |
| 3 years | $-13,188 |
| 5 years | $-10,607 |
| 7 years | $-8,026 |
| 9 years | $-5,445 |
| 11 years | $-2,864 |
| 13 years | $-283 |
| 15 years | $2,298 |
| 17 years | $4,880 |
| 19 years | $7,461 |
| 21 years | $10,042 |
| 23 years | $12,623 |
| 25 years | $15,204 |
Top Solar Installers in Fenton
Many homeowners choose to hire a solar panel installer since trying to install solar panels by yourself can be hard. Plus, if you’re not certain what brand of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Fenton
Factors that Affect Solar Panel Costs in Fenton
For many Fenton homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Fenton, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,370.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof 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 add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Fenton homeowners opt to finance their solar panel systems to offset upfront costs.While solar loans make switching to solar energy more accessible for Fenton homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Fenton is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that offer a range of services at different price points.Larger national companies typically 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 | $3.50 | $14,720 | $10,889 | 14.4 years |
| 8 kW | $3.44 | $19,249 | $14,897 | 14.1 years |
| 10 kW | $3.37 | $23,590 | $19,093 | 13.8 years |
| 12 kW | $3.30 | $27,742 | $23,477 | 13.5 years |
| 14 kW | $3.24 | $31,705 | $28,051 | 13.3 years |
| 16 kW | $3.17 | $35,479 | $32,813 | 13.0 years |
| 18 kW | $3.10 | $39,065 | $37,764 | 12.7 years |
| 20 kW | $3.03 | $42,462 | $42,903 | 12.4 years |
How to Save on Solar Panels
There are a lot of companies available in Fenton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which company you should go with, since different companies have different panels.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Fenton, MO Solar Cost FAQs
How much does it cost to install solar panels in Fenton?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Fenton?
You can’t get solar panels for free in Fenton. However, you may still be able to install 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.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t opt for 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 many solar panels do I need to power 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 get 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.