Solar Panel Cost Guide in Osage Beach, MO (2023 Update)
- Osage Beach Solar Installation Cost: $12,945
- 25-Year Savings: $18,511
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Osage Beach
Let's have a look at the average cost of solar in Osage Beach.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Osage Beach, the average cost of solar panels is 2.59 per watt. The average Osage Beach homeowner needs a 7.1-kilowatt system, which would cost about $12,945 with the federal tax credit, or $18,511 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Osage Beach find investing in solar can be quite rewarding.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Osage Beach
| Year | Return on Investment |
|---|---|
| 1 years | $-11,687 |
| 3 years | $-9,170 |
| 5 years | $-6,654 |
| 7 years | $-4,137 |
| 9 years | $-1,621 |
| 11 years | $896 |
| 13 years | $3,412 |
| 15 years | $5,929 |
| 17 years | $8,445 |
| 19 years | $10,962 |
| 21 years | $13,478 |
| 23 years | $15,995 |
| 25 years | $18,511 |
Top Solar Installers in Osage Beach
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar panel installer can make your swap to solar power much easier. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you'd like to switch to solar energy but still aren't certain which solar system installer to go with, here are our suggestions for providers near you:
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 Osage Beach
Factors that Affect Solar Panel Costs in Osage Beach
There are many criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,590. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Osage Beach average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Even though solar loans make switching to solar energy more accessible for Osage Beach homeowners, they can also add to the total you pay for your system due to interest. 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 significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Osage Beach, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $15,125 | 10.7 years |
| 8 kW | $2.64 | $14,794 | $20,456 | 10.5 years |
| 10 kW | $2.59 | $18,130 | $25,933 | 10.3 years |
| 12 kW | $2.54 | $21,321 | $31,555 | 10.1 years |
| 14 kW | $2.49 | $24,367 | $37,321 | 9.9 years |
| 16 kW | $2.43 | $27,268 | $43,233 | 9.7 years |
| 18 kW | $2.38 | $30,023 | $49,290 | 9.5 years |
| 20 kW | $2.33 | $32,634 | $55,492 | 9.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Solar Panel Brands: The type of solar panel you need plays a part in which installer you should choose, since different companies offer different panels.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly 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 Osage Beach, MO Solar Cost FAQs
What is the average cost of installing solar panels in Osage Beach?
The average cost of solar panels in Osage Beach 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 like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Osage Beach?
You can't get solar panels for free in Osage Beach. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Osage Beach, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Osage Beach?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.