Solar Panel Cost Guide in Oakville, MO (Nov 2022)

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

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Oakville

Find out what the average cost of solar panel installation is in Oakville.

Although the national average of solar panels is $2.66 per watt, solar panels in Oakville generally cost about $3. The average Oakville homeowner needs a 7.2-kilowatt system, which would cost about $13,108, or $9,700 after the federal solar tax credit of 30% is applied.

How much you pay can go above or below the average in Oakville based on a few factors, such as the type of solar panels you choose and the solar installer you hire. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $17,000 over 20 years on power bills.

You can click the button below to get connected with a vetted solar installer in Oakville for a quote for your home.

Solar savings over time in Oakville

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 Oakville

Although you can install solar panels yourself, it takes extra labor and expertise. That's one of the reasons the majority of homeowners choose a solar panel installer. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.

There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:

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 Oakville

Factors that Affect Solar Panel Costs in Oakville

Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Oakville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar energy system in Oakville, one of the most important 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 usage, which you can gauge by looking at past power bills. Your total cost can increase by about $2,590 for each additional kilowatt you need. The brand of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Oakville homeowners decide to finance their solar panel systems to make going solar more affordable. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.

Solar Panel Installation Company

The solar installer you go with to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Oakville, and each can charge varying amounts for labor and equipment. Additionally, some companies in Oakville have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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

There are many companies available in Oakville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
  • Contract: Before signing a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
  • Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.

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 Oakville, MO Solar Cost FAQs

How much does it cost to install solar panels in Oakville?

This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Are solar panels free in Oakville?

A solar panel system isn't free in Oakville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

How will installing solar panels impact my property value?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Oakville is currently $219,700, so you could be looking at a value of about $9,008 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Oakville is a worthwhile investment.

How long do solar panels last in Oakville?

Though 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 once you've had 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.

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