Solar Panel Cost Guide in Old Jamestown, MO (Mar 2023)
- Old Jamestown Solar Installation Cost: $13,108
- 25-Year Savings: $16,687
- Payback Period: 11.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Old Jamestown
Let's take a look at the average cost of solar panels in Old Jamestown.
In Old Jamestown, solar panels cost about 2.59 per watt on average. The average Old Jamestown homeowner needs a 7.2-kilowatt system, which would cost about $13,108 with the federal tax credit, or $18,744 before the 30% tax credit is applied.
How much you pay can go above or below the average in Old Jamestown based on a few factors, such as the brand of solar panels you choose and the solar installer you hire. Many homeowners find installing a solar system is a sound investment. The average homeowner in Old Jamestown can save about $16,000 on their power bills over 20 years.
To receive a free quote from a pre-vetted solar company in Old Jamestown, you can 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 by yourself, it involves extra effort and expertise. That's why the majority of homeowners choose to hire a solar panel installer. Another upside of utilizing a solar installer is that they can help you optimize your ROI by lowering your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Old Jamestown:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 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 final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
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 assess the size of the solar energy system needed for your home by figuring out your average energy use. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 power bills. Additionally, extra products, like solar batteries, can bump up your total well above the Old Jamestown average.
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 factor to consider 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 PV system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different costs. Additionally, some companies in Old Jamestown have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 numerous companies available in Old Jamestown, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which installer you should choose, since different companies provide different panels.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Old Jamestown, MO Solar Cost FAQs
How much does it cost to install solar panels in Old Jamestown?
The average cost of solar panels in Old Jamestown 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 type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $823.98 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.