Solar Panel Cost Guide in Mountain Grove, MO (2024 Update)
- Mountain Grove Solar Installation Cost: $16,735
- 25-Year Savings: $20,447
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Mountain Grove
Let’s take a look at the average cost of solar in Mountain Grove.
In Mountain Grove, solar panels cost about 3 per watt on average.Because a 7.1-kW system is needed to cover the energy needs of a typical home in Mountain Grove, the average price of going solar will be about $16,735 after claiming the federal solar tax credit of 0.
These figures are just averages, and the cost of going solar for you may vary based on your specific situation and what company you want to go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on power bills.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mountain Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-15,313 |
| 3 years | $-12,467 |
| 5 years | $-9,622 |
| 7 years | $-6,776 |
| 9 years | $-3,931 |
| 11 years | $-1,085 |
| 13 years | $1,760 |
| 15 years | $4,606 |
| 17 years | $7,451 |
| 19 years | $10,297 |
| 21 years | $13,142 |
| 23 years | $15,988 |
| 25 years | $18,833 |
Top Solar Installers in Mountain Grove
When going solar, many homeowners decide to use a solar installer since putting up a solar system yourself can be a time-consuming project. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Mountain Grove
Factors that Affect Solar Panel Costs in Mountain Grove
There are several factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Mountain Grove, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, 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 Mountain Grove to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.Although solar loans make switching to solar energy more accessible for Mountain Grove homeowners, they can also raise the total you pay for your system due to interest. 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
The final major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Mountain Grove, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The company’s size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk 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 | $3.50 | $14,720 | $13,451 | 13.1 years |
| 8 kW | $3.44 | $19,249 | $18,312 | 12.8 years |
| 10 kW | $3.37 | $23,590 | $23,361 | 12.6 years |
| 12 kW | $3.30 | $27,742 | $28,600 | 12.3 years |
| 14 kW | $3.24 | $31,705 | $34,027 | 12.1 years |
| 16 kW | $3.17 | $35,479 | $39,643 | 11.8 years |
| 18 kW | $3.10 | $39,065 | $45,448 | 11.6 years |
| 20 kW | $3.03 | $42,462 | $51,441 | 11.3 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 choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
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 Mountain Grove, MO Solar Cost FAQs
What is the average cost of installing solar panels in Mountain Grove?
The average cost of solar panels in Mountain Grove 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 things such as the kind 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 Mountain Grove?
Leasing solar panels can be an option if you can’t 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 property 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 financial benefits from going solar.
Is making the switch to solar worth it?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Even 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 their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.