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.The average Neosho homeowner needs a 7.0-kilowatt system, which would cost about $16,500 with the federal tax credit, or $23,595 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you will vary based on the amount of energy your home requires and what company you go with.Despite the high initial cost, the average Neosho homeowner can save about $21,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar expert, 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 opt for a solar panel company since figuring out how to install solar panels on your own can be a lot of work. In addition, if you’d like to maximize your investment in solar, using a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
Working with a vetted solar installer can help you make the most of your investment in solar. 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 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 dependent on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,370. The 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, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Neosho average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Neosho homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating in Neosho, and each can charge different amounts for labor and equipment.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
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
There are a large number of companies to choose from in Neosho, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- 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 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 Neosho, MO Solar Cost FAQs
How much does it cost to install solar panels in Neosho?
This is a hard question to answer precisely, because the cost depends on a few different 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Neosho?
Solar panels aren’t free in Neosho, 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 can further reduce the cost.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power 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 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.