Solar Panel Cost Guide in Moscow Mills, MO (2024 Update)
- Moscow Mills Solar Installation Cost: $17,116
- 25-Year Savings: $16,132
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Moscow Mills
Find out how much it might cost to install solar panels in Moscow Mills.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Moscow Mills, the average cost of a solar system is 3 per watt.Using this figure, a typical 7.3-kW system would cost about $17,116 before the 0 federal solar tax credit is applied.
Keep in mind 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 choose, your solar contractor and more.With average savings of about $15,000 on utility bills over 20 years, many homeowners in Moscow Mills find investing in solar can pay off big.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Moscow Mills
| Year | Return on Investment |
|---|---|
| 1 years | $-15,825 |
| 3 years | $-13,244 |
| 5 years | $-10,663 |
| 7 years | $-8,082 |
| 9 years | $-5,501 |
| 11 years | $-2,919 |
| 13 years | $-338 |
| 15 years | $2,243 |
| 17 years | $4,824 |
| 19 years | $7,405 |
| 21 years | $9,986 |
| 23 years | $12,567 |
| 25 years | $15,149 |
Top Solar Installers in Moscow Mills
When switching to solar energy, many homeowners prefer to go with a solar company since overseeing your solar installation yourself can be a challenging project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Moscow Mills
Factors that Affect Solar Panel Costs in Moscow Mills
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Moscow Mills: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,370.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Moscow Mills, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Moscow Mills to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.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’re only able to 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 securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Moscow Mills, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies compete 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 | $9,498 | 15.2 years |
| 8 kW | $3.44 | $19,249 | $13,042 | 14.9 years |
| 10 kW | $3.37 | $23,590 | $16,774 | 14.6 years |
| 12 kW | $3.30 | $27,742 | $20,695 | 14.3 years |
| 14 kW | $3.24 | $31,705 | $24,804 | 14.0 years |
| 16 kW | $3.17 | $35,479 | $29,103 | 13.7 years |
| 18 kW | $3.10 | $39,065 | $33,590 | 13.4 years |
| 20 kW | $3.03 | $42,462 | $38,266 | 13.1 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining 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 a few important things you should take into account, such as:
- Reputation: Well-established companies 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.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which model 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 take a look at their list of offerings before deciding.
- Installation Process: When making the switch to solar power, it’s important to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project timeline.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Moscow Mills, MO Solar Cost FAQs
What is the average cost of installing solar panels in Moscow Mills?
The average cost of solar panels in Moscow Mills 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 such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Moscow Mills?
Leasing solar panels can be an option if you can’t afford 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 home 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.
Does Moscow Mills have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
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 goes down 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.