Solar Panel Cost Guide in Maryville, MO (Mar 2023)
- Maryville Solar Installation Cost: $13,344
- 25-Year Savings: $26,774
- Payback Period: 8.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Maryville
Let's have a look at the average cost of solar in Maryville.
In Maryville, solar panels cost about 2.59 per watt on average. Since a 7.4-kW system is needed to cover the energy needs of a typical home in Maryville, the average price of going solar will be about $13,344 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Maryville homeowners. The price 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. Even with the large upfront cost, the average Maryville homeowner can save about $21,000 on their power bills over 20 years, which is one of the benefits of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Maryville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,739 |
| 3 years | $-8,530 |
| 5 years | $-5,320 |
| 7 years | $-2,111 |
| 9 years | $1,099 |
| 11 years | $4,308 |
| 13 years | $7,518 |
| 15 years | $10,727 |
| 17 years | $13,936 |
| 19 years | $17,146 |
| 21 years | $20,355 |
| 23 years | $23,565 |
| 25 years | $26,774 |
Top Solar Installers in Maryville
Many homeowners decide to use a solar installer since figuring out how to install solar panels by yourself can be a lot of work. Plus, if you're not certain what kind of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Maryville
Factors that Affect Solar Panel Costs in Maryville
Though the average cost of a solar system in Maryville is $13,344, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,590. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Maryville, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $2.69 | $11,313 | $21,396 | 8.6 years |
| 8 kW | $2.64 | $14,794 | $28,818 | 8.5 years |
| 10 kW | $2.59 | $18,130 | $36,385 | 8.3 years |
| 12 kW | $2.54 | $21,321 | $44,097 | 8.1 years |
| 14 kW | $2.49 | $24,367 | $51,954 | 8.0 years |
| 16 kW | $2.43 | $27,268 | $59,956 | 7.8 years |
| 18 kW | $2.38 | $30,023 | $68,103 | 7.6 years |
| 20 kW | $2.33 | $32,634 | $76,396 | 7.5 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Maryville, MO Solar Cost FAQs
What is the average cost of installing solar panels in Maryville?
The average cost of solar panels in Maryville 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 model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,090.30 per year.
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 should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can 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.