Solar Panel Cost Guide in Grain Valley, MO (2024 Update)
- Grain Valley Solar Installation Cost: $17,078
- 25-Year Savings: $21,804
- Payback Period: 12.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Grain Valley
Let’s have a look at the average cost of solar in Grain Valley.
The average cost of solar panels in Grain Valley is 3 per watt.The average solar panel system size in Grain Valley is around 7.2 kilowatts, meaning a cost of about $17,078 for a solar installation, or $24,422 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will vary based on your specific situation and what company you want to go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $18,000 over 20 years on power bills.
You can click the button below to get connected with a top solar installer in Grain Valley for a quote for your home.
Solar savings over time in Grain Valley
Year | Return on Investment |
---|---|
1 years | $-15,537 |
3 years | $-12,456 |
5 years | $-9,374 |
7 years | $-6,293 |
9 years | $-3,212 |
11 years | $-130 |
13 years | $2,951 |
15 years | $6,032 |
17 years | $9,114 |
19 years | $12,195 |
21 years | $15,277 |
23 years | $18,358 |
25 years | $21,439 |
Top Solar Installers in Grain Valley
Although you can install solar panels yourself, it takes extra labor and knowledge. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Plus, if you’re not certain what kind of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar installer can help your solar project go smoothly. 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 Grain Valley
Factors that Affect Solar Panel Costs in Grain Valley
The cost of installing a solar system in Grain Valley can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Grain Valley, one of the most crucial 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 consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,370 for each additional kilowatt you need.The type of solar equipment you choose can increase or decrease your cost 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. On the other hand, more efficient panels could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Grain Valley average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Grain Valley, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s a good idea to include 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 major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Grain Valley, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.50 | $14,720 | $14,229 | 12.7 years |
8 kW | $3.44 | $19,249 | $19,349 | 12.5 years |
10 kW | $3.37 | $23,590 | $24,658 | 12.2 years |
12 kW | $3.30 | $27,742 | $30,156 | 12.0 years |
14 kW | $3.24 | $31,705 | $35,842 | 11.7 years |
16 kW | $3.17 | $35,479 | $41,718 | 11.5 years |
18 kW | $3.10 | $39,065 | $47,781 | 11.2 years |
20 kW | $3.03 | $42,462 | $54,034 | 11.0 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Solar Panel Brands: The kind of solar panel you need to install plays a part in which installer you should choose, since different companies have different panels.
- 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 EcoWatch.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Grain Valley, MO Solar Cost FAQs
What is the average cost of installing solar panels in Grain Valley?
This is a tough 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, 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 things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Grain Valley is currently $324,810, so you could be looking at a value of about $13,317 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Grain Valley is a fruitful investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know 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 house 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.