Solar Panel Cost Guide in Higginsville, MO (2024 Update)
- Higginsville Solar Installation Cost: $17,105
- 25-Year Savings: $23,424
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Higginsville
Find out what the average cost of solar panels are in Higginsville.
The average cost of a solar system in Higginsville is 3 per watt.Using this figure, a typical 7.3-kW system would cost about $17,105 before the 0 federal solar tax credit is applied.
The actual price you pay can be above or below the average in Higginsville depending on a variety of factors, such as the model of solar panels you choose and the solar company you hire.With average savings of about $19,000 on power bills over 20 years, many homeowners in Higginsville find going solar can be quite rewarding.
Click the button below to get connected to a top solar company in your area for a customized quote.
Solar savings over time in Higginsville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,432 |
| 3 years | $-12,085 |
| 5 years | $-8,738 |
| 7 years | $-5,392 |
| 9 years | $-2,045 |
| 11 years | $1,302 |
| 13 years | $4,648 |
| 15 years | $7,995 |
| 17 years | $11,342 |
| 19 years | $14,688 |
| 21 years | $18,035 |
| 23 years | $21,382 |
| 25 years | $24,728 |
Top Solar Installers in Higginsville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make converting to solar power much easier. The payback period of solar panels will vary based on factors like your location and energy consumption, but going with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you’d like to make the switch to solar but still aren’t sure which solar system company to go with, here are our recommendations for providers nearby:
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 Higginsville
Factors that Affect Solar Panel Costs in Higginsville
There are several factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Higginsville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Higginsville have solar loans, which reduce the initial cost of installing a solar system.Though solar loans make going solar more accessible for Higginsville homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence the cost. Higginsville’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have 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 | $15,541 | 12.2 years |
| 8 kW | $3.44 | $19,249 | $21,098 | 11.9 years |
| 10 kW | $3.37 | $23,590 | $26,845 | 11.7 years |
| 12 kW | $3.30 | $27,742 | $32,780 | 11.5 years |
| 14 kW | $3.24 | $31,705 | $38,904 | 11.2 years |
| 16 kW | $3.17 | $35,479 | $45,216 | 11.0 years |
| 18 kW | $3.10 | $39,065 | $51,718 | 10.8 years |
| 20 kW | $3.03 | $42,462 | $58,408 | 10.5 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 brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Before you sign a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
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 Higginsville, MO Solar Cost FAQs
What is the average cost of installing solar panels in Higginsville?
The average cost of solar panels in Higginsville is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,008.70 per year.
How long do solar panels last in Higginsville?
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 how much energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.