Solar Panel Cost Guide in Fredericktown, MO (2024 Update)
- Fredericktown Solar Installation Cost: $16,886
- 25-Year Savings: $20,777
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Fredericktown
Find out how much it might cost to switch to solar power in Fredericktown.
The national average cost of solar panels is $2.66 per watt, but in Fredericktown it’s 3 per watt.The average solar panel system size in Fredericktown is around 7.2 kilowatts, meaning a cost of about $16,886 for a solar installation, or $24,147 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary quite a bit based on several factors, such as what size system you need, your energy usage and what company you go with.With average savings of about $18,000 on utility bills over 20 years, many homeowners in Fredericktown find going solar can pay off big.
You can click the button below to get connected with a top solar installer 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 | $-15,595 |
| 3 years | $-13,014 |
| 5 years | $-10,433 |
| 7 years | $-7,852 |
| 9 years | $-5,271 |
| 11 years | $-2,690 |
| 13 years | $-109 |
| 15 years | $2,473 |
| 17 years | $5,054 |
| 19 years | $7,635 |
| 21 years | $10,216 |
| 23 years | $12,797 |
| 25 years | $15,378 |
Top Solar Installers in Fredericktown
When going solar, many homeowners decide to go with a solar installer since putting up solar panels yourself can be a time-consuming project. Solar warranties and repairs are usually included in the cost of installation when you hire a solar contractor as well, which can save you more money after your initial investment.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Fredericktown
Factors that Affect Solar Panel Costs in Fredericktown
There are several criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,370. The model of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Fredericktown offer solar loans, which reduce your upfront costs of installing a solar system.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable 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.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better 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 promotion can bring their pricing lower to compete with bigger names.
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 | $13,573 | 13.0 years |
| 8 kW | $3.44 | $19,249 | $18,475 | 12.8 years |
| 10 kW | $3.37 | $23,590 | $23,565 | 12.5 years |
| 12 kW | $3.30 | $27,742 | $28,844 | 12.3 years |
| 14 kW | $3.24 | $31,705 | $34,312 | 12.0 years |
| 16 kW | $3.17 | $35,479 | $39,969 | 11.8 years |
| 18 kW | $3.10 | $39,065 | $45,814 | 11.5 years |
| 20 kW | $3.03 | $42,462 | $51,848 | 11.3 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 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 $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 stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
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 enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Fredericktown?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.