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.
The average cost of a solar panel system in Odessa is 3 per watt.Because a 7.3-kW system is needed to cover the energy costs of a typical home in Odessa, the average price of going solar will be about $17,105 after claiming the federal solar tax credit of 0.
These figures are just estimates, and the cost of going solar for you will most likely differ based on your energy needs and what company you go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Odessa find installing solar panels has a decent ROI.
To get a free quote from a highly rated solar installer in Odessa, you can click the button below.
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 by yourself can be a challenging undertaking, which is why using a solar installer is a good option for many homeowners. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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
The cost of installing a solar system in Odessa can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Odessa average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Odessa, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.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
There are a large number of companies available in Odessa, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When making the switch to solar power, it’s important to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the completion timeline.
- 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 National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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
What is the average cost of installing solar panels in Odessa?
This is a tough question to answer exactly, because the cost depends on many 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 extra solar equipment or higher quality 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 apart from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will 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 could be looking at 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 rewarding investment.
How many solar panels do I need to power 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 take a 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 cover 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.