Solar Panel Cost Guide in Holts Summit, MO (2024 Update)
- Holts Summit Solar Installation Cost: $17,086
- 25-Year Savings: $21,622
- Payback Period: 12.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Holts Summit
We go over average solar pricing in Holts Summit.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Holts Summit, the average cost of solar panels is 3 per watt.The average solar panel system size in Holts Summit is around 7.2 kilowatts, meaning a cost of about $17,086 for a solar installation, or $24,433 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Holts Summit based on several factors, such as the model of solar panels you choose and the solar contractor you hire.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Holts Summit
| Year | Return on Investment |
|---|---|
| 1 years | $-15,795 |
| 3 years | $-13,214 |
| 5 years | $-10,633 |
| 7 years | $-8,052 |
| 9 years | $-5,471 |
| 11 years | $-2,889 |
| 13 years | $-308 |
| 15 years | $2,273 |
| 17 years | $4,854 |
| 19 years | $7,435 |
| 21 years | $10,016 |
| 23 years | $12,597 |
| 25 years | $15,178 |
Top Solar Installers in Holts Summit
Although it's possible to install solar panels by yourself, it involves extra time and knowledge. For that reason, almost all homeowners choose to go with a solar panel installer. Another good thing about using a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
Working with a professional 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 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 Holts Summit
Factors that Affect Solar Panel Costs in Holts Summit
For many Holts Summit homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Holts Summit, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,370.The solar equipment you choose can bring your price up or down 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. However, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Holts Summit average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Holts Summit, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Holts Summit, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that provides the products, warranties and services you want and also fit into your budget.
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 | $14,070 | 12.8 years |
| 8 kW | $3.44 | $19,249 | $19,137 | 12.5 years |
| 10 kW | $3.37 | $23,590 | $24,393 | 12.3 years |
| 12 kW | $3.30 | $27,742 | $29,838 | 12.0 years |
| 14 kW | $3.24 | $31,705 | $35,471 | 11.8 years |
| 16 kW | $3.17 | $35,479 | $41,294 | 11.6 years |
| 18 kW | $3.10 | $39,065 | $47,305 | 11.3 years |
| 20 kW | $3.03 | $42,462 | $53,504 | 11.1 years |
How to Save on Solar Panels
There are a lot of companies available in Holts Summit, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which company you should opt for, since different companies offer different panels.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Holts Summit, MO Solar Cost FAQs
How much does it cost to install solar panels in Holts Summit?
The average cost of solar panels in Holts Summit is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Holts Summit?
A solar panel system isn’t free in Holts Summit, 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 help lower the cost.
How much can I save on electricity bills after switching to solar?
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 $959.66 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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.