Solar Panel Cost Guide in Osage Beach, MO (2024 Update)
- Osage Beach Solar Installation Cost: $16,841
- 25-Year Savings: $18,513
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Osage Beach
Let’s have a look at the average cost of solar panels in Osage Beach.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Osage Beach, the average cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Osage Beach, most homeowners require a 7.1-kilowatt system. Using the figure above, a solar installation costs about $16,841, or $24,083 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Osage Beach homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Osage Beach can save around $17,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Osage Beach for a quote for your home.
Solar savings over time in Osage Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-15,550 |
| 3 years | $-12,969 |
| 5 years | $-10,388 |
| 7 years | $-7,807 |
| 9 years | $-5,225 |
| 11 years | $-2,644 |
| 13 years | $-63 |
| 15 years | $2,518 |
| 17 years | $5,099 |
| 19 years | $7,680 |
| 21 years | $10,261 |
| 23 years | $12,843 |
| 25 years | $15,424 |
Top Solar Installers in Osage Beach
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of an installer can make switching to solar power much easier. Some solar installers, especially local ones, can help you take advantage of incentives in Osage Beach, therefore optimizing your ROI.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Osage Beach
Factors that Affect Solar Panel Costs in Osage Beach
For many Osage Beach homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Osage Beach, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,370. There are many different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Osage Beach to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time due to interest.Although solar loans make going solar more accessible for Osage Beach homeowners, they can also add to the total you pay for your system, depending on your interest rate. 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
A final consideration when trying to estimate the cost of solar for your home or business in Osage Beach is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different costs.The company’s size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $3.50 | $14,720 | $11,718 | 13.9 years |
| 8 kW | $3.44 | $19,249 | $16,001 | 13.7 years |
| 10 kW | $3.37 | $23,590 | $20,473 | 13.4 years |
| 12 kW | $3.30 | $27,742 | $25,134 | 13.1 years |
| 14 kW | $3.24 | $31,705 | $29,983 | 12.8 years |
| 16 kW | $3.17 | $35,479 | $35,021 | 12.6 years |
| 18 kW | $3.10 | $39,065 | $40,248 | 12.3 years |
| 20 kW | $3.03 | $42,462 | $45,664 | 12.0 years |
How to Save on Solar Panels
The solar panel company you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 Osage Beach, MO Solar Cost FAQs
How much does it cost to install solar panels in Osage Beach?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a key 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 take into account are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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 account for 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.