Solar Panel Cost Guide in Neosho, MO (2024 Update)
- Neosho Solar Installation Cost: $16,500
- 25-Year Savings: $23,322
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Neosho
We go over average solar pricing in Neosho.
The average cost of a solar panel system in Neosho is 3 per watt.To cover the typical energy usage of the average home in Neosho, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,500, or $23,595 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with.Despite the high initial cost, the average Neosho homeowner can save about $21,000 on their energy bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Neosho
| Year | Return on Investment |
|---|---|
| 1 years | $-14,826 |
| 3 years | $-11,479 |
| 5 years | $-8,132 |
| 7 years | $-4,785 |
| 9 years | $-1,438 |
| 11 years | $1,910 |
| 13 years | $5,257 |
| 15 years | $8,604 |
| 17 years | $11,951 |
| 19 years | $15,299 |
| 21 years | $18,646 |
| 23 years | $21,993 |
| 25 years | $25,340 |
Top Solar Installers in Neosho
Many homeowners choose to hire a solar panel installer since trying to put up solar panels by yourself can be time-consuming. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy usage, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you get the most out of 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:
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 Neosho
Factors that Affect Solar Panel Costs in Neosho
The cost of installing a solar system in Neosho can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Neosho, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $3,370 for each additional kilowatt you need.The brand and kind of equipment you choose 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Neosho provide solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also increases your overall costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Neosho is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for example, you’ll have no shortage of solar installers that offer a range of services at different price points.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $16,164 | 11.9 years |
| 8 kW | $3.44 | $19,249 | $21,929 | 11.7 years |
| 10 kW | $3.37 | $23,590 | $27,883 | 11.5 years |
| 12 kW | $3.30 | $27,742 | $34,026 | 11.2 years |
| 14 kW | $3.24 | $31,705 | $40,358 | 11.0 years |
| 16 kW | $3.17 | $35,479 | $46,878 | 10.8 years |
| 18 kW | $3.10 | $39,065 | $53,587 | 10.5 years |
| 20 kW | $3.03 | $42,462 | $60,485 | 10.3 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar installer. Make sure you understand how the installation process works and the project timeline.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
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 Neosho, MO Solar Cost FAQs
How much does it cost to install solar panels in Neosho?
The average cost of solar panels in Neosho 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Neosho?
You can’t get solar panels for free in Neosho. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
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 average daily sunlight your roof gets. You can take a 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 install 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.
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.