Solar Panel Cost Guide in Oak Grove, MO (2025 Update)
- Oak Grove Solar Installation Cost: $17,091
- 25-Year Savings: $18,602
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Oak Grove
Let’s take a look at the average cost of solar panels in Oak Grove.
The average cost of a solar system in Oak Grove is 3 per watt.Using this figure, a typical 7.2-kW system would cost about $17,091 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Oak Grove depending on a few factors, such as the brand of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Oak Grove can save about $17,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Oak Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-15,683 |
| 3 years | $-12,867 |
| 5 years | $-10,051 |
| 7 years | $-7,235 |
| 9 years | $-4,419 |
| 11 years | $-1,603 |
| 13 years | $1,213 |
| 15 years | $4,029 |
| 17 years | $6,845 |
| 19 years | $9,661 |
| 21 years | $12,477 |
| 23 years | $15,293 |
| 25 years | $18,109 |
Top Solar Installers in Oak Grove
Although you can install solar panels by yourself, it requires extra labor and knowledge. Because of that, the majority of homeowners choose a solar panel installer. Another great thing about going with a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
If you’d like to start using solar energy but still aren’t certain which solar company to go with, here are our recommendations for providers near you:
See all of the solar companies in Oak Grove
Factors that Affect Solar Panel Costs in Oak Grove
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Oak Grove: 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
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,370 per kilowatt in Oak Grove.The brand and type of equipment you want 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 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
Many homeowners find the average cost of solar in Oak Grove to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Oak Grove is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you’ll have many options for solar installers that provide a range of services for different budgets.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that provides the products, warranties and services you’re looking for and also fit into your budget.
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 | $11,563 | 14.0 years |
| 8 kW | $3.44 | $19,249 | $15,794 | 13.7 years |
| 10 kW | $3.37 | $23,590 | $20,215 | 13.5 years |
| 12 kW | $3.30 | $27,742 | $24,824 | 13.2 years |
| 14 kW | $3.24 | $31,705 | $29,622 | 12.9 years |
| 16 kW | $3.17 | $35,479 | $34,608 | 12.7 years |
| 18 kW | $3.10 | $39,065 | $39,784 | 12.4 years |
| 20 kW | $3.03 | $42,462 | $45,148 | 12.1 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Reputation: Your solar installer should have a sound 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
EcoWatch's Oak Grove, MO Solar Cost FAQs
How much does it cost to install solar panels in Oak Grove?
The average cost of solar panels in Oak Grove 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 type 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 Oak Grove?
Leasing solar panels can be an attractive choice, as it often 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Oak Grove?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can 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.