Solar Panel Cost Guide in Joplin, MO (2024 Update)
- Joplin Solar Installation Cost: $16,532
- 25-Year Savings: $25,048
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Joplin
Find out what the average cost of installing solar panels is in Joplin.
In Joplin, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Joplin, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,532, or $23,641 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Joplin homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Even with the significant upfront cost, the average Joplin homeowner can save about $22,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free quote from a highly rated solar company in Joplin, you can click the button below.
Solar savings over time in Joplin
| Year | Return on Investment |
|---|---|
| 1 years | $-14,859 |
| 3 years | $-11,511 |
| 5 years | $-8,164 |
| 7 years | $-4,817 |
| 9 years | $-1,470 |
| 11 years | $1,877 |
| 13 years | $5,225 |
| 15 years | $8,572 |
| 17 years | $11,919 |
| 19 years | $15,266 |
| 21 years | $18,614 |
| 23 years | $21,961 |
| 25 years | $25,308 |
Top Solar Installers in Joplin
When going solar, many homeowners opt to use a solar company since putting up solar panels yourself can be a challenging project. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar installer in Joplin, we've put together a list of our top suggestions here:
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 Joplin
Factors that Affect Solar Panel Costs in Joplin
Though the average cost of a solar system in Joplin is $16,532, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,370. There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking 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 panels out of pocket can be difficult. Solar loans are available from most installers in Joplin, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Joplin is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for example, you’ll have no shortage of solar installers that offer a range of services for different budgets.Additionally, some companies in Joplin have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $17,602 | 11.4 years |
| 8 kW | $3.44 | $19,249 | $23,847 | 11.2 years |
| 10 kW | $3.37 | $23,590 | $30,280 | 10.9 years |
| 12 kW | $3.30 | $27,742 | $36,902 | 10.7 years |
| 14 kW | $3.24 | $31,705 | $43,713 | 10.5 years |
| 16 kW | $3.17 | $35,479 | $50,713 | 10.3 years |
| 18 kW | $3.10 | $39,065 | $57,901 | 10.1 years |
| 20 kW | $3.03 | $42,462 | $65,278 | 9.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: When making the switch to solar power, it’s essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the completion timeline.
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 Joplin, MO Solar Cost FAQs
What is the average cost of installing solar panels in Joplin?
The average cost of solar panels in Joplin 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will solar panels impact my property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.