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.
The national average cost of solar panels is $2.66 per watt, but in Moscow Mills it’s 3 per watt.Because a 7.3-kW system is needed to cover the energy usage of a typical home in Moscow Mills, the average price of going solar will be about $17,116 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Moscow Mills homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a solid investment. The average homeowner in Moscow Mills can save around $15,000 on their energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, 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
Trying to put up solar panels yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your family.
If you’d like to start using solar energy but still aren’t sure which solar panel installer to go with, here are our recommendations for providers nearby:
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 Moscow Mills
Factors that Affect Solar Panel Costs in Moscow Mills
Though the average cost of a solar system in Moscow Mills is $17,116, your final cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,370 per kilowatt in Moscow Mills.The solar equipment you choose can bring your price up or down 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, higher efficiency could save you more over time on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Moscow Mills average.
Solar Financing Terms
Most solar installers in Moscow Mills provide solar loans, which reduce your upfront costs of installing solar panels.It’s wise to factor 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Moscow Mills, and each can charge different amounts for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also fits within 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 | $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
There are a large number of companies to choose from in Moscow Mills, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Moscow Mills, MO Solar Cost FAQs
How much does it cost to install solar panels in Moscow Mills?
This is a hard 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. 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.
Should I lease or buy solar panels in Moscow Mills?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
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 let you sell power back to the grid, but others just give you credit toward your future power bills.
How often do you have to replace solar panels?
Though 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 how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.