Solar Panel Cost Guide in Marshall, MO (2025 Update)
- Marshall Solar Installation Cost: $17,109
- 25-Year Savings: $22,135
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Marshall
We go over average solar pricing in Marshall.
In Marshall, solar panels cost about 3 per watt on average.Using this figure, a typical 7.3-kW system would cost about $17,109 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy usage and what installation company you go with.But, after you've paid the initial cost of installation, the payback for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on energy bills.
To receive a free quote from a top solar installation company in Marshall, you can click the button below.
Solar savings over time in Marshall
| Year | Return on Investment |
|---|---|
| 1 years | $-15,436 |
| 3 years | $-12,089 |
| 5 years | $-8,742 |
| 7 years | $-5,396 |
| 9 years | $-2,049 |
| 11 years | $1,297 |
| 13 years | $4,644 |
| 15 years | $7,991 |
| 17 years | $11,337 |
| 19 years | $14,684 |
| 21 years | $18,031 |
| 23 years | $21,377 |
| 25 years | $24,724 |
Top Solar Installers in Marshall
When making the switch to solar, many homeowners choose to hire a solar installer since overseeing your solar installation yourself can be a difficult project. Plus, if you’d like to maximize your investment in solar, using a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Marshall
Factors that Affect Solar Panel Costs in Marshall
While the average cost of a solar system in Marshall is $17,109, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your total costs, so it’s important to include that in your estimate 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
The solar installer you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Marshall, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $14,469 | 12.6 years |
| 8 kW | $3.44 | $19,249 | $19,670 | 12.4 years |
| 10 kW | $3.37 | $23,590 | $25,059 | 12.1 years |
| 12 kW | $3.30 | $27,742 | $30,637 | 11.9 years |
| 14 kW | $3.24 | $31,705 | $36,403 | 11.6 years |
| 16 kW | $3.17 | $35,479 | $42,359 | 11.4 years |
| 18 kW | $3.10 | $39,065 | $48,503 | 11.2 years |
| 20 kW | $3.03 | $42,462 | $54,835 | 10.9 years |
How to Save on Solar Panels
The solar installer you choose will influence 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 some important things you should take into account, including:
- Reputation: Long-running companies likely have a high 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.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
EcoWatch's Marshall, MO Solar Cost FAQs
What is the average cost of installing solar panels in Marshall?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Marshall?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Marshall?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Marshall?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.