Solar Panel Cost Guide in Odessa, MO (2023 Update)
- Odessa Solar Installation Cost: $13,144
- 25-Year Savings: $18,593
- Payback Period: 10.4 Years
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Updated May 04, 2023
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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 2.59 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 after 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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
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
Solar system size, which is measured in kilowatts, 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 |
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Odessa, MO Solar Cost FAQs
How much does it cost to install solar panels in Odessa?
The average cost of solar panels in Odessa is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Odessa have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.