Solar Panel Cost Guide in Oak Grove, MO (2024 Update)

  • Oak Grove Solar Installation Cost: $17,091
  • 25-Year Savings: $18,602
  • Payback Period: 13.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 20, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

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

YearReturn 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:

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 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 sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.50$14,720$11,56314.0 years
8 kW$3.44$19,249$15,79413.7 years
10 kW$3.37$23,590$20,21513.5 years
12 kW$3.30$27,742$24,82413.2 years
14 kW$3.24$31,705$29,62212.9 years
16 kW$3.17$35,479$34,60812.7 years
18 kW$3.10$39,065$39,78412.4 years
20 kW$3.03$42,462$45,14812.1 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.

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 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.

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.