Solar Panel Cost Guide in Fredericktown, MO (2023 Update)
- Fredericktown Solar Installation Cost: $12,978
- 25-Year Savings: $20,777
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Fredericktown
Find out what the average cost of solar panels are in Fredericktown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fredericktown, the typical cost of a solar system is 2.59 per watt. To cover the typical energy needs of the average home in Fredericktown, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs about $12,981, or $18,563 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar system you want to get, your solar contractor and more. For most homeowners, the upfront cost of solar panels is worth paying. On average Fredericktown homeowners see about $18,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Fredericktown that can help you get a more accurate cost estimate for your home.
Solar savings over time in Fredericktown
| Year | Return on Investment |
|---|---|
| 1 years | $-12,865 |
| 3 years | $-12,640 |
| 5 years | $-12,415 |
| 7 years | $-12,190 |
| 9 years | $-11,965 |
| 11 years | $-11,740 |
| 13 years | $-11,515 |
| 15 years | $-11,290 |
| 17 years | $-11,065 |
| 19 years | $-10,840 |
| 21 years | $-10,615 |
| 23 years | $-10,390 |
| 25 years | $-10,165 |
Top Solar Installers in Fredericktown
Installing solar panels by yourself can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. Plus, if you're not certain what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Fredericktown
Factors that Affect Solar Panel Costs in Fredericktown
For many Fredericktown homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Fredericktown, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Fredericktown, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,590 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Fredericktown homeowners choose to finance their solar panel systems to make paying for solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies operating in Fredericktown, and each can charge different amounts for labor and equipment. Additionally, some companies in Fredericktown know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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
Since the model of solar panels and the installation company you choose significantly influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: The model of solar panel you'd like plays a part 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
EcoWatch's Fredericktown, MO Solar Cost FAQs
What is the average cost of installing 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 actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
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 choose 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?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.