Solar Panel Cost Guide in Holts Summit, MO (2023 Update)
- Holts Summit Solar Installation Cost: $13,126
- 25-Year Savings: $21,627
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Holts Summit
See how much it might cost to make the switch to solar in Holts Summit.
The average cost of solar panels in Holts Summit is 2.59 per watt. The average Holts Summit homeowner needs a 7.2-kilowatt system, which would cost about $13,126 with the federal tax credit, or $18,770 before the 30% tax credit is applied.
The actual price you pay can go higher or lower than the average in Holts Summit based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
To get a free quote from a top solar installation company in Holts Summit, you can click the button below.
Solar savings over time in Holts Summit
| Year | Return on Investment |
|---|---|
| 1 years | $-11,736 |
| 3 years | $-8,956 |
| 5 years | $-6,175 |
| 7 years | $-3,395 |
| 9 years | $-615 |
| 11 years | $2,165 |
| 13 years | $4,946 |
| 15 years | $7,726 |
| 17 years | $10,506 |
| 19 years | $13,286 |
| 21 years | $16,067 |
| 23 years | $18,847 |
| 25 years | $21,627 |
Top Solar Installers in Holts Summit
Many homeowners decide to use a solar installation company since trying to install solar panels by yourself can be a lot of work. The expertise that solar companies offer can be valuable as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
Working with a vetted solar installer 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 Holts Summit
Factors that Affect Solar Panel Costs in Holts Summit
The cost of installing a solar system in Holts Summit can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,590 per kilowatt in Holts Summit. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Holts Summit provide solar loans, which reduce the initial cost of installing solar. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $17,477 | 9.8 years |
| 8 kW | $2.64 | $14,794 | $23,592 | 9.6 years |
| 10 kW | $2.59 | $18,130 | $29,853 | 9.4 years |
| 12 kW | $2.54 | $21,321 | $36,259 | 9.3 years |
| 14 kW | $2.49 | $24,367 | $42,810 | 9.1 years |
| 16 kW | $2.43 | $27,268 | $49,505 | 8.9 years |
| 18 kW | $2.38 | $30,023 | $56,346 | 8.7 years |
| 20 kW | $2.33 | $32,634 | $63,332 | 8.5 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
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 Holts Summit, MO Solar Cost FAQs
What is the average cost of installing solar panels in Holts Summit?
This is a hard question to answer precisely, because the cost depends on a variety of 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 be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
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 affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does Holts Summit have a net metering program?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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 once you've had them for that long or you can keep using 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.