Solar Panel Cost Guide in Fredericktown, MO (Mar 2023)
- Fredericktown Solar Installation Cost: $12,981
- 25-Year Savings: $20,773
- Payback Period: 9.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Fredericktown
We break down average solar pricing in Fredericktown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fredericktown, the average cost of solar panels is 2.59 per watt. The average Fredericktown homeowner needs a 7.2-kilowatt system, which would cost about $12,981 with the federal tax credit, or $18,563 before the 30% tax credit is applied.
The true cost of your system can go above or below the average in Fredericktown depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find going solar is a solid investment. The average homeowner in Fredericktown can save around $18,000 on their electricity bills over 20 years.
To get a free quote from a top solar installation company in Fredericktown, you can click the button below.
Solar savings over time in Fredericktown
| Year | Return on Investment |
|---|---|
| 1 years | $-11,631 |
| 3 years | $-8,931 |
| 5 years | $-6,230 |
| 7 years | $-3,530 |
| 9 years | $-830 |
| 11 years | $1,871 |
| 13 years | $4,571 |
| 15 years | $7,271 |
| 17 years | $9,972 |
| 19 years | $12,672 |
| 21 years | $15,372 |
| 23 years | $18,073 |
| 25 years | $20,773 |
Top Solar Installers in Fredericktown
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Going with a solar company can make your switch to solar power much easier. Plus, if you're not certain what kind of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you'd like to go solar but still aren't certain which solar installer to go with, here are our suggestions for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Fredericktown
Factors that Affect Solar Panel Costs in Fredericktown
There are a number of criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,590. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Fredericktown average.
Solar Financing Terms
Most solar companies in Fredericktown offer solar loans, which reduce your upfront costs of installing solar panels. 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're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Fredericktown, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $2.69 | $11,313 | $16,980 | 10.0 years |
| 8 kW | $2.64 | $14,794 | $22,930 | 9.8 years |
| 10 kW | $2.59 | $18,130 | $29,025 | 9.6 years |
| 12 kW | $2.54 | $21,321 | $35,265 | 9.4 years |
| 14 kW | $2.49 | $24,367 | $41,651 | 9.2 years |
| 16 kW | $2.43 | $27,268 | $48,181 | 9.0 years |
| 18 kW | $2.38 | $30,023 | $54,856 | 8.8 years |
| 20 kW | $2.33 | $32,634 | $61,676 | 8.7 years |
How to Save on Solar Panels
There are numerous companies available in Fredericktown, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you care about the durability of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which installer you should choose, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Fredericktown, MO Solar Cost FAQs
How much does it cost to install solar panels in Fredericktown?
The average cost of solar panels in Fredericktown 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 model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Fredericktown?
A solar panel system isn't free in Fredericktown, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Fredericktown?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.