Solar Panel Cost Guide in Moberly, MO (2024 Update)
- Moberly Solar Installation Cost: $17,245
- 25-Year Savings: $19,382
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Moberly
Here’s how much it might cost to go solar in Moberly.
Although the national average of solar panels is $2.66 per watt, solar panels in Moberly generally cost around 3.Because a 7.3-kW system is needed to cover the energy needs of a typical home in Moberly, the average price of going solar will be about $17,245 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what company you go with.For many homeowners, the upfront investment in solar power is worth paying. On average Moberly homeowners see about $17,000 in savings on utility bills over 20 years.
To receive a free estimate from a top solar company in Moberly, you can click the button below.
Solar savings over time in Moberly
| Year | Return on Investment |
|---|---|
| 1 years | $-15,763 |
| 3 years | $-12,800 |
| 5 years | $-9,836 |
| 7 years | $-6,872 |
| 9 years | $-3,908 |
| 11 years | $-944 |
| 13 years | $2,020 |
| 15 years | $4,984 |
| 17 years | $7,948 |
| 19 years | $10,912 |
| 21 years | $13,875 |
| 23 years | $16,839 |
| 25 years | $19,803 |
Top Solar Installers in Moberly
Although it's possible to install solar panels yourself, it involves extra time and know-how. That's why almost all homeowners choose to hire a solar panel installer. Companies can also have access to quality options of the best solar panels and help you decide which one will be best for your home.
Working with a professional solar installer 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
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 Moberly
Factors that Affect Solar Panel Costs in Moberly
There are many criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $3,370 per kilowatt in Moberly.The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Moberly, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of loans, 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 significantly.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence the cost. Moberly’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $12,065 | 13.7 years |
| 8 kW | $3.44 | $19,249 | $16,464 | 13.5 years |
| 10 kW | $3.37 | $23,590 | $21,052 | 13.2 years |
| 12 kW | $3.30 | $27,742 | $25,829 | 12.9 years |
| 14 kW | $3.24 | $31,705 | $30,794 | 12.7 years |
| 16 kW | $3.17 | $35,479 | $35,948 | 12.4 years |
| 18 kW | $3.10 | $39,065 | $41,291 | 12.2 years |
| 20 kW | $3.03 | $42,462 | $46,822 | 11.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two 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 satisfied reviews from previous customers.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- 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 big role in the company you hire.
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 Moberly, MO Solar Cost FAQs
How much does it cost to install solar panels in Moberly?
The average cost of solar panels in Moberly 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 certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Moberly?
Leasing solar panels can be an option if you are unable to pay upfront or secure 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.
How will having solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Moberly is currently $110,852, so you can expect a value of about $4,545 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Moberly is a fruitful investment.
How often do you have to replace solar panels?
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 level 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.
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.