Solar Panel Cost Guide in Fort Leonard Wood, MO (2024 Update)
- Fort Leonard Wood Solar Installation Cost: $16,830
- 25-Year Savings: $18,466
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Fort Leonard Wood
Let’s have a look at the average cost of solar panels in Fort Leonard Wood.
Although the national average of solar panels is $2.66 per watt, solar panels in Fort Leonard Wood typically cost about 3.The average Fort Leonard Wood homeowner needs a 7.1-kilowatt system, which would cost about $16,830 with the federal tax credit, or $24,067 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Fort Leonard Wood homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $18,000 on energy bills over 20 years, many homeowners in Fort Leonard Wood find investing in solar has a decent ROI.
Click the button below to get connected to a vetted solar company in Fort Leonard Wood for a customized quote.
Solar savings over time in Fort Leonard Wood
| Year | Return on Investment |
|---|---|
| 1 years | $-15,378 |
| 3 years | $-12,472 |
| 5 years | $-9,567 |
| 7 years | $-6,662 |
| 9 years | $-3,756 |
| 11 years | $-851 |
| 13 years | $2,054 |
| 15 years | $4,960 |
| 17 years | $7,865 |
| 19 years | $10,770 |
| 21 years | $13,676 |
| 23 years | $16,581 |
| 25 years | $19,486 |
Top Solar Installers in Fort Leonard Wood
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with an installer can make switching to solar power much easier. Some solar companies, particularly local ones, can help you make the most of incentives in Fort Leonard Wood, optimizing your ROI.
If you’d like to switch to solar energy but still aren’t certain which solar panel company to go with, here are our suggestions for providers near you:
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 Fort Leonard Wood
Factors that Affect Solar Panel Costs in Fort Leonard Wood
The cost of installing a solar system in Fort Leonard Wood can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels 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 better efficiency or power generation use 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 $3,370.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Fort Leonard Wood, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Fort Leonard Wood offer solar loans, which reduce your upfront costs of installing solar.It’s a good idea to add 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 back the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Fort Leonard Wood is the company you get to install your solar system. As with 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 costs.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $11,687 | 13.9 years |
| 8 kW | $3.44 | $19,249 | $15,960 | 13.7 years |
| 10 kW | $3.37 | $23,590 | $20,422 | 13.4 years |
| 12 kW | $3.30 | $27,742 | $25,072 | 13.1 years |
| 14 kW | $3.24 | $31,705 | $29,912 | 12.9 years |
| 16 kW | $3.17 | $35,479 | $34,940 | 12.6 years |
| 18 kW | $3.10 | $39,065 | $40,156 | 12.3 years |
| 20 kW | $3.03 | $42,462 | $45,562 | 12.1 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your overall costs, but also the kinds 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, such as:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: If you’re concerned 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.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Fort Leonard Wood, MO Solar Cost FAQs
How much does it cost to install solar panels in Fort Leonard Wood?
The average cost of solar panels in Fort Leonard Wood is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 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 account for 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.