Solar Panel Cost Guide in Odessa, MO (Sep 2022)

  • Odessa Solar Installation Cost: $13,144
  • 25-Year Savings: $18,593
  • Payback Period: 10.4 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Odessa

Let's have a look at the average cost of solar panels in Odessa.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Odessa, the average cost of solar panels is $3 per watt. Because a 7.2-kW system is needed to cover the energy costs of a typical home in Odessa, the average price of going solar will be about $13,144 before claiming the federal solar tax credit of 30%.

The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what installation company you go with. But, once you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on power bills.

For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Odessa

Year Return on Investment
1 years $-11,875
3 years $-9,336
5 years $-6,797
7 years $-4,258
9 years $-1,719
11 years $820
13 years $3,359
15 years $5,898
17 years $8,437
19 years $10,976
21 years $13,515
23 years $16,054
25 years $18,593

Top Solar Installers in Odessa

Many homeowners decide to use a solar installer since trying to put up solar panels yourself can be a labor-intensive endeavor. The expertise that solar companies provide can be useful as well, particularly if you don't quite know what kind of solar equipment you need.

If you're looking for a solar installer in Odessa, we've put together a list of our top suggestions here:

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

The Green Panel

★★★★★
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 Odessa

Factors that Affect Solar Panel Costs in Odessa

There are a number of criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment Size

The size of the system you need is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The model of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.

Solar Financing Terms

If paying for solar panels out of pocket is out of reach, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also adds to your all-in costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.

Solar Panel Installation Company

The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Odessa, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Odessa know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 $14,949 10.8 years
8 kW $2.64 $14,794 $20,222 10.6 years
10 kW $2.59 $18,130 $25,640 10.4 years
12 kW $2.54 $21,321 $31,203 10.1 years
14 kW $2.49 $24,367 $36,911 9.9 years
16 kW $2.43 $27,268 $42,764 9.7 years
18 kW $2.38 $30,023 $48,762 9.5 years
20 kW $2.33 $32,634 $54,906 9.3 years

Solar Incentives in Odessa

Name Empire District Electric - Solar PV Rebates
Website Visit here
More Info Click here

Name Solar Property Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Wabash Valley Power Association (28 Member Cooperatives) - Residential Energy Efficiency Program
Website Visit here
More Info Click here

Name Ameren Missouri (Electric) - Residential Heating and Cooling Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Local Option - Clean Energy Development Boards
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the installation company you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: The brand of solar panel you'd like plays a role in which installer you should choose, since different companies offer different panels.
  • 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.
  • Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.

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

The Green Panel

★★★★★
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 Odessa, MO Solar Cost FAQs

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

This is a hard question to answer exactly, because the cost depends on a few different 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Are solar panels free in Odessa?

You can't get solar panels for free in Odessa. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.

Can you sell solar power back to the grid in Odessa?

Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to 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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