Solar Panel Cost Guide in Moscow Mills, MO (Mar 2023)
- Moscow Mills Solar Installation Cost: $13,162
- 25-Year Savings: $16,124
- Payback Period: 11.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Moscow Mills
We go over average solar pricing in Moscow Mills.
The national average cost of solar panels is $2.66 per watt, but in Moscow Mills it's 2.59 per watt. The average solar panel system size in Moscow Mills is around 7.3 kilowatts, meaning a cost of about $13,162 for a solar installation, or $18,822 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will differ based on your energy needs and what company you go with. With typical savings of about $15,000 on power bills over 20 years, many homeowners in Moscow Mills find installing solar panels can be quite rewarding.
Click the button below to get connected to a reputable solar installer in Moscow Mills for a customized quote.
Solar savings over time in Moscow Mills
| Year | Return on Investment |
|---|---|
| 1 years | $-11,991 |
| 3 years | $-9,648 |
| 5 years | $-7,305 |
| 7 years | $-4,962 |
| 9 years | $-2,619 |
| 11 years | $-277 |
| 13 years | $2,066 |
| 15 years | $4,409 |
| 17 years | $6,752 |
| 19 years | $9,095 |
| 21 years | $11,438 |
| 23 years | $13,781 |
| 25 years | $16,124 |
Top Solar Installers in Moscow Mills
When going solar, many homeowners prefer to use a solar company since handling can be a time-consuming project. Plus, if you're unsure what brand of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:
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 Moscow Mills
Factors that Affect Solar Panel Costs in Moscow Mills
The cost of installing a solar system in Moscow Mills can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra 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 offered by most installers in Moscow Mills, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Moscow Mills, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that offers the products, warranties and services you're looking for and also fit into your budget.
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 | $12,905 | 11.7 years |
| 8 kW | $2.64 | $14,794 | $17,497 | 11.5 years |
| 10 kW | $2.59 | $18,130 | $22,234 | 11.2 years |
| 12 kW | $2.54 | $21,321 | $27,116 | 11.0 years |
| 14 kW | $2.49 | $24,367 | $32,143 | 10.8 years |
| 16 kW | $2.43 | $27,268 | $37,315 | 10.6 years |
| 18 kW | $2.38 | $30,023 | $42,632 | 10.3 years |
| 20 kW | $2.33 | $32,634 | $48,094 | 10.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
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 Moscow Mills, MO Solar Cost FAQs
What is the average cost of installing solar panels in Moscow Mills?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Moscow Mills?
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 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 savings from going solar.
How will installing solar panels impact the value of my home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't opt for 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 solar panels."
How long do solar panels last in Moscow Mills?
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 larger 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.