Solar Panel Cost Guide in Grain Valley, MO (2023 Update)
- Grain Valley Solar Installation Cost: $13,125
- 25-Year Savings: $21,804
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Grain Valley
Find out what the average cost of a solar system is in Grain Valley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Grain Valley, the typical cost of a solar system is 2.59 per watt. The average solar panel system size in Grain Valley is around 7.2 kilowatts, meaning a cost of about $13,126 for a solar installation, or $18,770 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of solar system you choose, your solar contractor and more. Even with the high initial cost, the average Grain Valley homeowner can save about $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Grain Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-11,584 |
| 3 years | $-8,503 |
| 5 years | $-5,422 |
| 7 years | $-2,340 |
| 9 years | $741 |
| 11 years | $3,822 |
| 13 years | $6,904 |
| 15 years | $9,985 |
| 17 years | $13,067 |
| 19 years | $16,148 |
| 21 years | $19,229 |
| 23 years | $22,311 |
| 25 years | $25,392 |
Top Solar Installers in Grain Valley
Although you can install solar panels on your own, it takes extra effort and handiness. For that reason, most people choose to go with a solar panel installer. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your home.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Grain Valley
Factors that Affect Solar Panel Costs in Grain Valley
For many Grain Valley homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Grain Valley, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. 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. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Grain Valley average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Grain Valley is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Additionally, some companies in Grain Valley are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $17,636 | 9.8 years |
| 8 kW | $2.64 | $14,794 | $23,804 | 9.6 years |
| 10 kW | $2.59 | $18,130 | $30,118 | 9.4 years |
| 12 kW | $2.54 | $21,321 | $36,577 | 9.2 years |
| 14 kW | $2.49 | $24,367 | $43,181 | 9.0 years |
| 16 kW | $2.43 | $27,268 | $49,929 | 8.8 years |
| 18 kW | $2.38 | $30,023 | $56,823 | 8.6 years |
| 20 kW | $2.33 | $32,634 | $63,862 | 8.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a part in which installer you should opt for, since different companies have different panels.
- Reputation: Companies that have been operating for many years 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 quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar installer. Make sure you understand how the installation process works and 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 Grain Valley, MO Solar Cost FAQs
What is the average cost of installing solar panels in Grain Valley?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly 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 cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Grain Valley?
A solar panel system isn't free in Grain Valley, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $964.96 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.