Solar Panel Cost Guide in Lamar, MO (2024 Update)
- Lamar Solar Installation Cost: $16,635
- 25-Year Savings: $22,376
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Lamar
Let’s take a look at the average cost of solar in Lamar.
The average cost of a solar system in Lamar is 3 per watt.Since a 7.1-kW system is needed to cover the energy usage of a typical home in Lamar, the average price of going solar will be about $16,635 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar system you want to get, your solar contractor and more.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Lamar can save about $20,000 on their power bills over 20 years.
Click the button below to get connected to a top solar company in Lamar for a custom quote.
Solar savings over time in Lamar
| Year | Return on Investment |
|---|---|
| 1 years | $-14,961 |
| 3 years | $-11,614 |
| 5 years | $-8,267 |
| 7 years | $-4,919 |
| 9 years | $-1,572 |
| 11 years | $1,775 |
| 13 years | $5,122 |
| 15 years | $8,470 |
| 17 years | $11,817 |
| 19 years | $15,164 |
| 21 years | $18,511 |
| 23 years | $21,858 |
| 25 years | $25,206 |
Top Solar Installers in Lamar
Although it's possible to install solar panels by yourself, it takes extra effort and knowledge. For that reason, most homeowners choose a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for you.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
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 Lamar
Factors that Affect Solar Panel Costs in Lamar
The cost of installing a solar system in Lamar can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Lamar, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $3,370 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Lamar, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of 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 in cash is out of reach, solar loans are a solid choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also increases your overall costs, so it’s crucial to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Lamar, and each can charge varying amounts for labor and 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 come at a higher cost. It’s best to do some research and go with the company that provides the products, warranties and services you’re looking for 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 | $15,197 | 12.3 years |
| 8 kW | $3.44 | $19,249 | $20,640 | 12.1 years |
| 10 kW | $3.37 | $23,590 | $26,272 | 11.8 years |
| 12 kW | $3.30 | $27,742 | $32,093 | 11.6 years |
| 14 kW | $3.24 | $31,705 | $38,102 | 11.4 years |
| 16 kW | $3.17 | $35,479 | $44,300 | 11.1 years |
| 18 kW | $3.10 | $39,065 | $50,687 | 10.9 years |
| 20 kW | $3.03 | $42,462 | $57,262 | 10.6 years |
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. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
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 Lamar, MO Solar Cost FAQs
How much does it cost to install solar panels in Lamar?
The average cost of solar panels in Lamar is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Lamar?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.