Solar Panel Cost Guide in Moberly, MO (2023 Update)
- Moberly Solar Installation Cost: $13,253
- 25-Year Savings: $19,382
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Moberly
We go over average solar pricing in Moberly.
While the national average of solar panels is $2.66 per watt, solar panels in Moberly typically cost around 2.59. Since a 7.3-kW system is needed to cover the energy costs of a typical home in Moberly, the average price of going solar will be about $13,253 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want, your solar contractor and more. Despite the large initial cost, the average Moberly homeowner can save around $17,000 on their power bills over 20 years, which is one of the positives of solar.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Moberly
| Year | Return on Investment |
|---|---|
| 1 years | $-11,948 |
| 3 years | $-9,337 |
| 5 years | $-6,726 |
| 7 years | $-4,115 |
| 9 years | $-1,504 |
| 11 years | $1,107 |
| 13 years | $3,717 |
| 15 years | $6,328 |
| 17 years | $8,939 |
| 19 years | $11,550 |
| 21 years | $14,161 |
| 23 years | $16,772 |
| 25 years | $19,382 |
Top Solar Installers in Moberly
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with an installer can make swapping over to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Moberly
Factors that Affect Solar Panel Costs in Moberly
For many Moberly homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Moberly, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,590 per kilowatt in Moberly. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Moberly average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Moberly, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind 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 company you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $15,472 | 10.6 years |
| 8 kW | $2.64 | $14,794 | $20,919 | 10.4 years |
| 10 kW | $2.59 | $18,130 | $26,512 | 10.2 years |
| 12 kW | $2.54 | $21,321 | $32,249 | 9.9 years |
| 14 kW | $2.49 | $24,367 | $38,132 | 9.7 years |
| 16 kW | $2.43 | $27,268 | $44,160 | 9.5 years |
| 18 kW | $2.38 | $30,023 | $50,332 | 9.3 years |
| 20 kW | $2.33 | $32,634 | $56,650 | 9.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose considerably 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:
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Reputation: Companies that have been operating for many years likely have a solid 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 support, such as part repairs and replacements.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Moberly, MO Solar Cost FAQs
How much does it cost to install solar panels in Moberly?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Moberly?
Leasing solar panels can be an attractive choice, because it often 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase the value of your home?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.