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.
How much you pay can go higher or lower than the average in Fredericktown based on several factors, such as the type of solar panels you choose and the solar installer you hire.Despite the significant upfront cost, the average Fredericktown homeowner can save about $18,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted 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
Many homeowners opt for a solar installation company since installing solar panels by yourself can be time-consuming. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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
There are a number of 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 does the installation.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,370. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Fredericktown average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are available from most installers in Fredericktown, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Fredericktown, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also fit into your budget.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- 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: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
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
How much does it cost to install solar panels in Fredericktown?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Fredericktown?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had 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.