Solar Panel Cost Guide in Independence, MO (Oct 2022)

  • Independence Solar Installation Cost: $13,144
  • 25-Year Savings: $24,971
  • Payback Period: 8.6 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Independence

Let's have a look at the average cost of solar panels in Independence.

Although the national average of solar panels is $2.66 per watt, solar panels in Independence typically cost around $3. To account for the typical energy usage of the average home in Independence, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,144, or $9,727 after the federal solar tax credit of 30% is applied.

The actual price you pay can go higher or lower than the average in Independence based on several factors, such as the brand of solar panels you choose and the solar company you hire. With typical savings of about $20,000 on utility bills over 20 years, many homeowners in Independence find installing solar panels has a decent ROI.

To receive a free quote from a vetted solar company in Independence, you can click the button below.

Solar savings over time in Independence

Year Return on Investment
1 years $-11,620
3 years $-8,570
5 years $-5,521
7 years $-2,472
9 years $577
11 years $3,626
13 years $6,676
15 years $9,725
17 years $12,774
19 years $15,823
21 years $18,873
23 years $21,922
25 years $24,971

Top Solar Installers in Independence

Putting up solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you aren't sure what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.

Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Independence

Factors that Affect Solar Panel Costs in Independence

For many Independence homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Independence, 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 Size

The size of the system you need is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Independence, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your total costs, so it's important to keep that in mind 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

Finally, the company you hire to install your solar system can impact your pricing. Independence's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-efficiency and high-priced products — 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 find a company that offers the products, warranties and services you're looking for 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 $2.69 $11,313 $20,224 9.0 years
8 kW $2.64 $14,794 $27,256 8.8 years
10 kW $2.59 $18,130 $34,432 8.6 years
12 kW $2.54 $21,321 $41,753 8.5 years
14 kW $2.49 $24,367 $49,220 8.3 years
16 kW $2.43 $27,268 $56,832 8.1 years
18 kW $2.38 $30,023 $64,588 7.9 years
20 kW $2.33 $32,634 $72,490 7.8 years

Solar Incentives in Independence

Name Empire District Electric - Solar PV Rebates
Website Visit here
More Info Click here

Name Solar Property Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Wabash Valley Power Association (28 Member Cooperatives) - Residential Energy Efficiency Program
Website Visit here
More Info Click here

Name Ameren Missouri (Electric) - Residential Heating and Cooling Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Platte-Clay Electric Cooperative - Residential and Commercial Energy Efficiency Rebates
Website Visit here
More Info Click here

Name Local Option - Clean Energy Development Boards
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:

  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
  • Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Solar Panel Brands: The kind of solar panel you want plays a role in which company you should go with, since different companies have access to different panels.
  • 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 likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Independence, MO Solar Cost FAQs

How much does it cost to install solar panels in Independence?

The average cost of solar panels in Independence 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 type of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Independence?

Solar panels aren't free in Independence, 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 can further reduce the cost.

Do solar panels increase your home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Independence is currently $124,156, so you could be looking at a value of about $5,090 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Independence is a rewarding investment.

How long do solar panels last in Independence?

On average, solar panels can last 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 larger 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.

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