Solar Panel Cost Guide in Palmyra, MO (2025 Update)
- Palmyra Solar Installation Cost: $17,407
- 25-Year Savings: $17,675
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Palmyra
We break down average solar pricing in Palmyra.
In Palmyra, solar panels cost about 3 per watt on average.Since a 7.4-kW system is needed to cover the energy needs of a typical home in Palmyra, the average price of going solar will be about $17,407 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.With average savings of about $17,000 on utility bills over 20 years, many homeowners in Palmyra find installing solar panels can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Palmyra that can help you get a more accurate cost estimate for your home.
Solar savings over time in Palmyra
| Year | Return on Investment |
|---|---|
| 1 years | $-16,117 |
| 3 years | $-13,536 |
| 5 years | $-10,955 |
| 7 years | $-8,373 |
| 9 years | $-5,792 |
| 11 years | $-3,211 |
| 13 years | $-630 |
| 15 years | $1,951 |
| 17 years | $4,532 |
| 19 years | $7,113 |
| 21 years | $9,695 |
| 23 years | $12,276 |
| 25 years | $14,857 |
Top Solar Installers in Palmyra
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be a labor-intensive endeavor. In addition, if you’d like to maximize your investment in solar energy, using a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
If you're looking for a solar company in Palmyra, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Palmyra
Factors that Affect Solar Panel Costs in Palmyra
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
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, you can expect your total to increase by around $3,370. The brand and type of equipment you choose for your solar system can raise or lower 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Palmyra offer solar loans, which reduce your upfront costs of installing solar panels.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Palmyra, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.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 pricing 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 discount 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 | $10,529 | 14.6 years |
| 8 kW | $3.44 | $19,249 | $14,416 | 14.3 years |
| 10 kW | $3.37 | $23,590 | $18,492 | 14.0 years |
| 12 kW | $3.30 | $27,742 | $22,756 | 13.7 years |
| 14 kW | $3.24 | $31,705 | $27,210 | 13.5 years |
| 16 kW | $3.17 | $35,479 | $31,852 | 13.2 years |
| 18 kW | $3.10 | $39,065 | $36,682 | 12.9 years |
| 20 kW | $3.03 | $42,462 | $41,702 | 12.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When reading 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 part breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
EcoWatch's Palmyra, MO Solar Cost FAQs
How much does it cost to install solar panels in Palmyra?
The average cost of solar panels in Palmyra is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Palmyra?
You can’t get solar panels for free in Palmyra. 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 want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Palmyra?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.