Solar Panel Cost Guide in Mount Pleasant, MO (2023 Update)
- Mount Pleasant Solar Installation Cost: $12,872
- 25-Year Savings: $21,297
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mount Pleasant
Find out what the average cost of solar panels are in Mount Pleasant.
The national average cost of solar panels is $2.66 per watt, but in Mount Pleasant it's 2.59 per watt. To account for the typical energy needs of the average home in Mount Pleasant, most homeowners require a 7.1-kilowatt system. Using the figure above, a solar installation costs around $12,872, or $18,407 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. Many homeowners find installing solar panels is a sound investment. The average homeowner in Mount Pleasant can save around $18,000 on their electricity bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Mount Pleasant
| Year | Return on Investment |
|---|---|
| 1 years | $-11,506 |
| 3 years | $-8,772 |
| 5 years | $-6,038 |
| 7 years | $-3,305 |
| 9 years | $-571 |
| 11 years | $2,162 |
| 13 years | $4,896 |
| 15 years | $7,630 |
| 17 years | $10,363 |
| 19 years | $13,097 |
| 21 years | $15,830 |
| 23 years | $18,564 |
| 25 years | $21,297 |
Top Solar Installers in Mount Pleasant
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make switching to solar power much easier. Plus, if you aren't sure what type of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
If you're searching for a solar company in Mount Pleasant, the EcoWatch team has compiled a list of our top suggestions here:
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 Mount Pleasant
Factors that Affect Solar Panel Costs in Mount Pleasant
The cost of installing a solar system in Mount Pleasant can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Mount Pleasant, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about $2,590 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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, extra products, such as solar batteries, can bring your total well above the Mount Pleasant average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Mount Pleasant, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. While solar loans make switching to solar energy more accessible for Mount Pleasant homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can influence how much you pay. Mount Pleasant's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $17,575 | 9.8 years |
| 8 kW | $2.64 | $14,794 | $23,724 | 9.6 years |
| 10 kW | $2.59 | $18,130 | $30,018 | 9.4 years |
| 12 kW | $2.54 | $21,321 | $36,456 | 9.2 years |
| 14 kW | $2.49 | $24,367 | $43,040 | 9.0 years |
| 16 kW | $2.43 | $27,268 | $49,769 | 8.8 years |
| 18 kW | $2.38 | $30,023 | $56,643 | 8.7 years |
| 20 kW | $2.33 | $32,634 | $63,661 | 8.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should choose, since different companies have access to different panels.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
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 Mount Pleasant, MO Solar Cost FAQs
What is the average cost of installing solar panels in Mount Pleasant?
This is a tough question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Mount Pleasant?
A solar panel system isn't free in Mount Pleasant, 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 you can take advantage of.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Mount Pleasant, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.