Solar Panel Cost Guide in Northwoods, MO (Dec 2022)

  • Northwoods Solar Installation Cost: $13,108
  • 25-Year Savings: $18,723
  • Payback Period: 10.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Northwoods

Find out what the average cost of a solar system is in Northwoods.

The average cost of a solar system in Northwoods is $3 per watt. The average solar panel system size in Northwoods is around 7.2 kilowatts, meaning a cost of about $13,108 for a solar installation, or $9,700 after the 30% federal solar tax credit 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 needs, the type of equipment you want to get, your solar contractor and more. With typical savings of about $17,000 on utility bills over 20 years, many homeowners in Northwoods find installing solar panels can pay off big.

Click the button below to get connected to a top solar installer in Northwoods for a personalized estimate.

Solar savings over time in Northwoods

Year Return on Investment
1 years $-11,835
3 years $-9,288
5 years $-6,742
7 years $-4,195
9 years $-1,649
11 years $898
13 years $3,444
15 years $5,990
17 years $8,537
19 years $11,083
21 years $13,630
23 years $16,176
25 years $18,723

Top Solar Installers in Northwoods

Installing solar panels by yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you pick which one will be best for your family.

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

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Northwoods

Factors that Affect Solar Panel Costs in Northwoods

Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Northwoods: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment

The size of the solar 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 nearly $2,590. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons 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 out of reach, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in Northwoods 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 many options for solar installers that offer a range of services for different budgets. Additionally, some companies in Northwoods have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 $2.69 $11,313 $15,095 10.7 years
8 kW $2.64 $14,794 $20,417 10.5 years
10 kW $2.59 $18,130 $25,884 10.3 years
12 kW $2.54 $21,321 $31,496 10.1 years
14 kW $2.49 $24,367 $37,253 9.9 years
16 kW $2.43 $27,268 $43,155 9.7 years
18 kW $2.38 $30,023 $49,202 9.5 years
20 kW $2.33 $32,634 $55,394 9.3 years

How to Save on Solar Panels

Since the type of solar panels and the installer you choose greatly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of 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 good reviews from previous customers.
  • Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
  • Solar Panel Brands: Different companies carry different brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
  • 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 how part repairs and replacements will be handled.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Northwoods, MO Solar Cost FAQs

What is the average cost of installing solar panels in Northwoods?

The average cost of solar panels in Northwoods is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model 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 Northwoods?

Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.

Do solar panels increase your home value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Northwoods is currently $74,600, which means you can expect a value of about $3,059 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Northwoods is a rewarding investment.

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 how much 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 get 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.

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