Solar Panel Cost Guide in Olivette, MO (Jan 2023)
- Olivette Solar Installation Cost: $13,108
- 25-Year Savings: $18,723
- Payback Period: 10.3 Years
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Top Solar Installers in Olivette
Trying to put up solar panels on your own can be a stressful task, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're unsure what brand of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Olivette
Factors that Affect Solar Panel Costs in Olivette
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that affect your total cost in Olivette: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
When it comes to estimating the cost of a solar system in Olivette, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,590 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Olivette offer solar loans, which reduce the initial cost of installing a solar system. Though solar loans make switching to solar energy more accessible for Olivette homeowners, they can also raise 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 remaining major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Olivette, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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||$15,095||10.7 years|
|8 kW||$2.64||$14,794||$20,417||10.5 years|
|10 kW||$2.59||$18,130||$25,884||10.3 years|
|12 kW||$2.54||$21,321||$31,496||10.1 years|
|14 kW||$2.49||$24,367||$37,253||9.9 years|
|16 kW||$2.43||$27,268||$43,155||9.7 years|
|18 kW||$2.38||$30,023||$49,202||9.5 years|
|20 kW||$2.33||$32,634||$55,394||9.3 years|
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
EcoWatch's Olivette, MO Solar Cost FAQs
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.