Solar Panel Cost Guide in Fredericktown, MO (Nov 2022)

  • Fredericktown Solar Installation Cost: $12,981
  • 25-Year Savings: $20,773
  • Payback Period: 9.6 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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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 $3 per watt. The average Fredericktown homeowner needs a 7.2-kilowatt system, which would cost about $12,981, or $9,606 after the federal solar tax credit of 30% 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

What is the average cost of installing solar panels in Fredericktown?

This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Is it better to lease or buy solar panels in Fredericktown?

Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Does Fredericktown have a net metering program?

Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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 cover 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.

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