Solar Panel Cost Guide in Old Jamestown, MO (Dec 2022)

  • Old Jamestown Solar Installation Cost: $13,108
  • 25-Year Savings: $16,687
  • Payback Period: 11.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Old Jamestown

We go over average solar pricing in Old Jamestown.

In Old Jamestown, solar panels cost about $3 per watt on average. The average solar panel system size in Old Jamestown is around 7.2 kilowatts, meaning a cost of about $13,108 for a solar installation, or $9,700 after the 30% federal solar tax credit is applied.

These figures are only averages, and your own solar costs may look different based on the amount of energy your home requires and what company you choose to go with. With average savings of about $16,000 on electricity bills over 20 years, many homeowners in Old Jamestown find going solar can be quite rewarding.

To see your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Old Jamestown

Year Return on Investment
1 years $-11,916
3 years $-9,533
5 years $-7,149
7 years $-4,765
9 years $-2,382
11 years $2
13 years $2,385
15 years $4,769
17 years $7,153
19 years $9,536
21 years $11,920
23 years $14,303
25 years $16,687

Top Solar Installers in Old Jamestown

Although it's possible to install solar panels yourself, it involves extra time and knowledge. Because of that, almost all homeowners choose to hire a solar panel installer. Also, if you'd like to maximize your investment in solar power, going with a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.

Working with a professional solar company can make going solar easier. Here are our recommendations:

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 Old Jamestown

Factors that Affect Solar Panel Costs in Old Jamestown

While the average cost of a solar system in Old Jamestown is $13,108, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.

Solar Equipment

The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,590. The model of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment consists of 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 looking for a solar system that falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Old Jamestown to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Old Jamestown is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for instance, you'll have many options for solar installers that provide a range of services at different costs. Additionally, some companies in Old Jamestown are more knowledgeable about local solar incentives and can help you take advantage 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 $13,406 11.4 years
8 kW $2.64 $14,794 $18,165 11.2 years
10 kW $2.59 $18,130 $23,069 11.0 years
12 kW $2.54 $21,321 $28,118 10.8 years
14 kW $2.49 $24,367 $33,312 10.6 years
16 kW $2.43 $27,268 $38,651 10.3 years
18 kW $2.38 $30,023 $44,135 10.1 years
20 kW $2.33 $32,634 $49,764 9.9 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
  • Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.

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 Old Jamestown, MO Solar Cost FAQs

How much does it cost to install solar panels in Old Jamestown?

This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Is it better to lease or buy solar panels in Old Jamestown?

Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

Is it worth going solar in Old Jamestown?

Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.

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