Solar Panel Cost Guide in Festus, MO (2023 Update)
- Festus Solar Installation Cost: $13,035
- 25-Year Savings: $20,455
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Festus
We break down average solar pricing in Festus.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Festus, the average cost of solar panels is 2.59 per watt. To account for the typical energy needs of the average home in Festus, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,035, or $18,640 before the federal solar tax credit of 30% is applied.
These figures are only averages, and how much solar costs for you will look different based on your specific situation and what company you choose to go with. Many homeowners find going solar is a rewarding investment. The average homeowner in Festus can save around $18,000 on their power bills over 20 years.
To get a free quote from a highly rated solar installation company in Festus, you can click the button below.
Solar savings over time in Festus
| Year | Return on Investment |
|---|---|
| 1 years | $-11,696 |
| 3 years | $-9,017 |
| 5 years | $-6,337 |
| 7 years | $-3,658 |
| 9 years | $-979 |
| 11 years | $1,700 |
| 13 years | $4,379 |
| 15 years | $7,059 |
| 17 years | $9,738 |
| 19 years | $12,417 |
| 21 years | $15,096 |
| 23 years | $17,776 |
| 25 years | $20,455 |
Top Solar Installers in Festus
Although you can install solar panels yourself, it requires extra energy and knowledge. That's why most homeowners choose to go with a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
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 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 Festus
Factors that Affect Solar Panel Costs in Festus
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Festus: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The model of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Festus, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of 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 companies.
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 | $16,652 | 10.1 years |
| 8 kW | $2.64 | $14,794 | $22,492 | 9.9 years |
| 10 kW | $2.59 | $18,130 | $28,478 | 9.7 years |
| 12 kW | $2.54 | $21,321 | $34,609 | 9.5 years |
| 14 kW | $2.49 | $24,367 | $40,885 | 9.3 years |
| 16 kW | $2.43 | $27,268 | $47,306 | 9.1 years |
| 18 kW | $2.38 | $30,023 | $53,871 | 8.9 years |
| 20 kW | $2.33 | $32,634 | $60,582 | 8.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose greatly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should go with, since different companies provide different panels.
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 Festus, MO Solar Cost FAQs
What is the average cost of installing solar panels in Festus?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Festus?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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.