Solar Panel Cost Guide in Monett, MO (2024 Update)
- Monett Solar Installation Cost: $16,493
- 25-Year Savings: $22,105
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Monett
We go over average solar pricing in Monett.
In Monett, solar panels cost about 3 per watt on average.Because a 7.0-kW system is needed to cover the energy costs of a typical home in Monett, the average price of going solar will be about $16,493 after claiming the federal solar tax credit of 0.
The true cost of your system can go above or below the average in Monett depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $20,000 in savings on electricity bills over 20 years.
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Solar savings over time in Monett
| Year | Return on Investment |
|---|---|
| 1 years | $-14,819 |
| 3 years | $-11,472 |
| 5 years | $-8,125 |
| 7 years | $-4,778 |
| 9 years | $-1,431 |
| 11 years | $1,917 |
| 13 years | $5,264 |
| 15 years | $8,611 |
| 17 years | $11,958 |
| 19 years | $15,306 |
| 21 years | $18,653 |
| 23 years | $22,000 |
| 25 years | $25,347 |
Top Solar Installers in Monett
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring a solar panel installer can make your swap to solar power much easier. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Monett
Factors that Affect Solar Panel Costs in Monett
While the average cost of a solar system in Monett is $16,493, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar 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 pay around $3,370 per kilowatt in Monett.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Monett average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Monett, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you select will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $15,127 | 12.3 years |
| 8 kW | $3.44 | $19,249 | $20,547 | 12.1 years |
| 10 kW | $3.37 | $23,590 | $26,156 | 11.9 years |
| 12 kW | $3.30 | $27,742 | $31,953 | 11.6 years |
| 14 kW | $3.24 | $31,705 | $37,939 | 11.4 years |
| 16 kW | $3.17 | $35,479 | $44,114 | 11.1 years |
| 18 kW | $3.10 | $39,065 | $50,478 | 10.9 years |
| 20 kW | $3.03 | $42,462 | $57,030 | 10.7 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When making the switch to solar energy, it’s essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Monett, MO Solar Cost FAQs
What is the average cost of installing solar panels in Monett?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Monett?
A solar panel system isn’t free in Monett, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will installing solar panels impact my home value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Monett?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using 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.