Solar Panel Cost Guide in Old Jamestown, MO (Sep 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 9/16/2022

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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 $3 per watt on average. To account for the typical energy usage of the average home in Old Jamestown, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,108, or $9,700 after the federal solar tax credit of 30% is applied.

The true cost of your system can go above or below the average in Old Jamestown based on several factors, such as the kind of solar panels you choose and the solar company you hire. 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 ROI and connect with a local solar company, 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

DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Using an installer can make your switch to solar power much easier. Plus, if you'd like to maximize your investment in solar, going with a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.

If you'd like to start using solar energy but still aren't certain which solar system installer to go with, here are our recommendations for providers nearby:

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

The Green Panel

★★★★★
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

Even though the average cost of solar panels in Old Jamestown is $13,108, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment Size

One of the most important factors to consider when it comes to the cost of adopting solar energy 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 spend about $2,590 per kilowatt in Old Jamestown. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want 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

For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Old Jamestown, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. Although solar loans make switching to solar energy more accessible for Old Jamestown homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The final major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Old Jamestown, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.

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

Solar Incentives in Old Jamestown

Name Local Option - Clean Energy Development Boards
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Solar Property Tax Exemption
Incentive Amount 100% exemption
More Info Click here

How to Save on Solar Panels

Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer 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

The Green Panel

★★★★★
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?

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 certain factors 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 thing to keep in mind when buying solar panels?

Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Can solar panels significantly reduce my energy bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Old Jamestown, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy consumption and the average daily 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 install 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.

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