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.Since a 7.1-kW system is needed to cover the energy costs of a typical home in Osage Beach, the average price of going solar will be about $16,841 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Osage Beach homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Osage Beach that can help you get a more accurate cost estimate 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
When going solar, many homeowners prefer to go with a solar company since putting up a solar system yourself can be a difficult project. Some solar installers, especially local ones, can help you make the most of incentives in Osage Beach, thereby optimizing your ROI.
If you’d like to switch to solar energy but still aren’t sure which solar company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- 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
- 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 go solar depends on 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 several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,370.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Osage Beach, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Osage Beach, and each can charge different amounts for labor and equipment.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better 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 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 | $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
There are a lot of companies available in Osage Beach, 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 type of solar panel you’d like to install plays a part in which company you should go with, since different companies provide different panels.
- 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 provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project completion timeline.
Best National Provider
SunPower
- 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
- 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
What is the average cost of installing solar panels in Osage Beach?
The average cost of solar panels in Osage Beach is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t go 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 needs and the amount of sunlight your roof gets. You can take a 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 buy 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.