Solar Panel Cost Guide in Hazelwood, MO (2023 Update)
- Hazelwood Solar Installation Cost: $13,108
- 25-Year Savings: $17,269
- Payback Period: 10.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hazelwood
Find out what the average cost of installing solar panels is in Hazelwood.
In Hazelwood, solar panels cost about 2.59 per watt on average. To cover the typical energy needs of the average home in Hazelwood, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,108, or $18,744 before the federal solar tax credit of 30% is applied.
These figures are only estimates, and your own solar costs will vary based on factors unique to your home and what company you choose to go with. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $16,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar installer in Hazelwood for a quote for your home.
Solar savings over time in Hazelwood
| Year | Return on Investment |
|---|---|
| 1 years | $-11,893 |
| 3 years | $-9,463 |
| 5 years | $-7,033 |
| 7 years | $-4,602 |
| 9 years | $-2,172 |
| 11 years | $258 |
| 13 years | $2,688 |
| 15 years | $5,118 |
| 17 years | $7,548 |
| 19 years | $9,978 |
| 21 years | $12,408 |
| 23 years | $14,839 |
| 25 years | $17,269 |
Top Solar Installers in Hazelwood
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make switching to solar power much easier. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Hazelwood
Factors that Affect Solar Panel Costs in Hazelwood
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Hazelwood: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,590 per kilowatt in Hazelwood. 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, 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 Hazelwood average.
Solar Financing Terms
Many homeowners find the average cost of solar in Hazelwood to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. While solar loans make switching to solar energy more accessible for Hazelwood homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Hazelwood, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $13,889 | 11.2 years |
| 8 kW | $2.64 | $14,794 | $18,809 | 11.0 years |
| 10 kW | $2.59 | $18,130 | $23,873 | 10.8 years |
| 12 kW | $2.54 | $21,321 | $29,083 | 10.6 years |
| 14 kW | $2.49 | $24,367 | $34,438 | 10.4 years |
| 16 kW | $2.43 | $27,268 | $39,938 | 10.1 years |
| 18 kW | $2.38 | $30,023 | $45,583 | 9.9 years |
| 20 kW | $2.33 | $32,634 | $51,373 | 9.7 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which company you should go with, since different companies offer different panels.
- Reputation: Long-standing companies likely have a high 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.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: Homeowners should 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Hazelwood, MO Solar Cost FAQs
How much does it cost to install solar panels in Hazelwood?
The average cost of solar panels in Hazelwood is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Although 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 their energy production will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.