Solar Panel Cost Guide in Odessa, MO (2024 Update)
- Odessa Solar Installation Cost: $17,105
- 25-Year Savings: $18,591
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Odessa
We go over average solar pricing in Odessa.
In Odessa, solar panels cost about 3 per watt on average.The average Odessa homeowner needs a 7.3-kilowatt system, which would cost about $17,105 with the federal tax credit, or $24,460 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of going solar can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what installation company you go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, 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 pre-vetted solar installer in Odessa that can help you get a more accurate cost estimate for your home.
Solar savings over time in Odessa
| Year | Return on Investment |
|---|---|
| 1 years | $-15,697 |
| 3 years | $-12,881 |
| 5 years | $-10,065 |
| 7 years | $-7,249 |
| 9 years | $-4,433 |
| 11 years | $-1,617 |
| 13 years | $1,199 |
| 15 years | $4,015 |
| 17 years | $6,831 |
| 19 years | $9,648 |
| 21 years | $12,464 |
| 23 years | $15,280 |
| 25 years | $18,096 |
Top Solar Installers in Odessa
Installing solar panels yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Odessa:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Odessa
Factors that Affect Solar Panel Costs in Odessa
Though the average cost of a solar system in Odessa is $17,105, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
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 electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,370 per kilowatt in Odessa.There are several different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Odessa homeowners opt to finance their solar panel systems to make going solar more affordable.It’s wise 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 back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Odessa is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services at different costs.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 with an above-average cost. It’s best to do some research and choose a company that offers the products, warranties and services you want and also fits within 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 | $11,542 | 14.0 years |
| 8 kW | $3.44 | $19,249 | $15,766 | 13.7 years |
| 10 kW | $3.37 | $23,590 | $20,180 | 13.5 years |
| 12 kW | $3.30 | $27,742 | $24,782 | 13.2 years |
| 14 kW | $3.24 | $31,705 | $29,573 | 12.9 years |
| 16 kW | $3.17 | $35,479 | $34,552 | 12.7 years |
| 18 kW | $3.10 | $39,065 | $39,721 | 12.4 years |
| 20 kW | $3.03 | $42,462 | $45,078 | 12.1 years |
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Odessa, MO Solar Cost FAQs
What is the average cost of installing solar panels in Odessa?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having 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 Odessa is currently $227,210, so you can expect a value of about $9,316 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Odessa is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.