Solar Panel Cost Guide in Kirksville, MO (2024 Update)
- Kirksville Solar Installation Cost: $17,484
- 25-Year Savings: $14,780
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Kirksville
We go over average solar pricing in Kirksville.
The average cost of solar panels in Kirksville is 3 per watt.Because a 7.4-kW system is needed to cover the energy costs of a typical home in Kirksville, the average price of going solar will be about $17,484 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Kirksville homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on electricity bills.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Kirksville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,194 |
| 3 years | $-13,612 |
| 5 years | $-11,031 |
| 7 years | $-8,450 |
| 9 years | $-5,869 |
| 11 years | $-3,288 |
| 13 years | $-707 |
| 15 years | $1,874 |
| 17 years | $4,456 |
| 19 years | $7,037 |
| 21 years | $9,618 |
| 23 years | $12,199 |
| 25 years | $14,780 |
Top Solar Installers in Kirksville
Many homeowners choose to hire a solar installer since trying to install solar panels by yourself can be a labor-intensive endeavor. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Kirksville
Factors that Affect Solar Panel Costs in Kirksville
Though the average cost of a solar system in Kirksville is $17,484, your actual cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the cost of solar panels in Kirksville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $3,370 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Kirksville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of 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
Finally, the company you get to install your solar panel system can impact the cost. Kirksville’s solar companies all have different labor costs and add varying upcharges to 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 come at a higher cost. It’s best to do some research and choose a company that has the products, warranties and services you want and also is within 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 | $16,238 | 11.9 years |
| 8 kW | $3.44 | $19,249 | $22,028 | 11.7 years |
| 10 kW | $3.37 | $23,590 | $28,007 | 11.4 years |
| 12 kW | $3.30 | $27,742 | $34,174 | 11.2 years |
| 14 kW | $3.24 | $31,705 | $40,530 | 11.0 years |
| 16 kW | $3.17 | $35,479 | $47,075 | 10.7 years |
| 18 kW | $3.10 | $39,065 | $53,809 | 10.5 years |
| 20 kW | $3.03 | $42,462 | $60,731 | 10.3 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your total costs, but also the kinds 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 consider, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: The model of solar panel you’d like to get plays a part in which company you should choose, since different companies have access to different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Kirksville, MO Solar Cost FAQs
What is the average cost of installing solar panels in Kirksville?
The average cost of solar panels in Kirksville 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Kirksville?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase the value of your home?
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 Kirksville is currently $140,754, so you could be looking at a value of about $5,771 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Kirksville is a rewarding investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can 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.