Solar Panel Cost Guide in Murphy, MO (2025 Update)
- Murphy Solar Installation Cost: $16,950
- 25-Year Savings: $17,897
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Murphy
We break down average solar pricing in Murphy.
The average cost of a solar system in Murphy is 3 per watt.The average solar panel system size in Murphy is around 7.2 kilowatts, meaning a cost of about $16,950 for a solar installation, or $24,238 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may look different based on your specific situation and what company you go with.Even with the high initial cost, the average Murphy homeowner can save about $16,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Murphy
| Year | Return on Investment |
|---|---|
| 1 years | $-15,660 |
| 3 years | $-13,079 |
| 5 years | $-10,498 |
| 7 years | $-7,916 |
| 9 years | $-5,335 |
| 11 years | $-2,754 |
| 13 years | $-173 |
| 15 years | $2,408 |
| 17 years | $4,989 |
| 19 years | $7,570 |
| 21 years | $10,152 |
| 23 years | $12,733 |
| 25 years | $15,314 |
Top Solar Installers in Murphy
Installing solar panels by yourself can be a time-consuming undertaking, which is why hiring a solar installer is a good option for many homeowners. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy needs, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Murphy
Factors that Affect Solar Panel Costs in Murphy
For many Murphy homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Murphy, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,370.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Murphy know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $11,102 | 14.3 years |
| 8 kW | $3.44 | $19,249 | $15,180 | 14.0 years |
| 10 kW | $3.37 | $23,590 | $19,447 | 13.7 years |
| 12 kW | $3.30 | $27,742 | $23,902 | 13.4 years |
| 14 kW | $3.24 | $31,705 | $28,546 | 13.2 years |
| 16 kW | $3.17 | $35,479 | $33,379 | 12.9 years |
| 18 kW | $3.10 | $39,065 | $38,401 | 12.6 years |
| 20 kW | $3.03 | $42,462 | $43,611 | 12.3 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Contract: Though reading through a contract can take a lot of time, 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.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what you need to do before your solar panel system is installed, such as repairing your electrical system or roof.
EcoWatch's Murphy, MO Solar Cost FAQs
How much does it cost to install solar panels in Murphy?
The average cost of solar panels in Murphy is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Murphy?
A solar panel system isn’t free in Murphy, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Murphy 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 give you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.