Solar Panel Cost Guide in Higginsville, MO (2023 Update)
- Higginsville Solar Installation Cost: $13,144
- 25-Year Savings: $23,426
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Higginsville
Find out what the average cost of solar panel installation is in Higginsville.
The national average cost of solar panels is $2.66 per watt, but in Higginsville it's 2.59 per watt. The average Higginsville homeowner needs a 7.2-kilowatt system, which would cost about $13,144 with the federal tax credit, or $18,796 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. Many homeowners find adopting solar power is a solid investment. The average homeowner in Higginsville can save about $19,000 on their energy bills over 20 years.
To receive a free quote from a pre-vetted solar installation company in Higginsville, you can click the button below.
Solar savings over time in Higginsville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,681 |
| 3 years | $-8,756 |
| 5 years | $-5,830 |
| 7 years | $-2,905 |
| 9 years | $21 |
| 11 years | $2,947 |
| 13 years | $5,872 |
| 15 years | $8,798 |
| 17 years | $11,723 |
| 19 years | $14,649 |
| 21 years | $17,575 |
| 23 years | $20,500 |
| 25 years | $23,426 |
Top Solar Installers in Higginsville
Many homeowners opt for a solar panel company since figuring out how to install solar panels by yourself can be time-consuming. Plus, if you're not certain what type of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
Working with a vetted solar company can help you make the most of your investment in solar. 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 Higginsville
Factors that Affect Solar Panel Costs in Higginsville
There are a number of factors that can affect your solar system 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,590. 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. However, 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 Higginsville average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Higginsville, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your total costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Higginsville, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $18,948 | 9.3 years |
| 8 kW | $2.64 | $14,794 | $25,554 | 9.2 years |
| 10 kW | $2.59 | $18,130 | $32,305 | 9.0 years |
| 12 kW | $2.54 | $21,321 | $39,201 | 8.8 years |
| 14 kW | $2.49 | $24,367 | $46,242 | 8.6 years |
| 16 kW | $2.43 | $27,268 | $53,428 | 8.4 years |
| 18 kW | $2.38 | $30,023 | $60,759 | 8.3 years |
| 20 kW | $2.33 | $32,634 | $68,236 | 8.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The brand of solar panel you'd like plays a role in which company you should choose, since different companies provide different panels.
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 Higginsville, MO Solar Cost FAQs
How much does it cost to install solar panels in Higginsville?
This is a difficult question to answer exactly, 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Higginsville?
You can't get solar panels for free in Higginsville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.