Solar Panel Cost Guide in Parkville, MO (2024 Update)
- Parkville Solar Installation Cost: $17,138
- 25-Year Savings: $23,707
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Parkville
Let’s have a look at the average cost of solar panels in Parkville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Parkville, the typical cost of solar panels is 3 per watt.The average Parkville homeowner needs a 7.3-kilowatt system, which would cost about $17,138 with the federal tax credit, or $24,507 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more.With typical savings of about $19,000 on power bills over 20 years, many homeowners in Parkville find installing solar panels can pay off big.
To receive a free quote from a top solar installer in Parkville, you can click the button below.
Solar savings over time in Parkville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,465 |
| 3 years | $-12,118 |
| 5 years | $-8,771 |
| 7 years | $-5,425 |
| 9 years | $-2,078 |
| 11 years | $1,269 |
| 13 years | $4,615 |
| 15 years | $7,962 |
| 17 years | $11,309 |
| 19 years | $14,655 |
| 21 years | $18,002 |
| 23 years | $21,348 |
| 25 years | $24,695 |
Top Solar Installers in Parkville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with an installer can make converting to solar power much easier. The expertise that solar companies offer can be invaluable as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Parkville
Factors that Affect Solar Panel Costs in Parkville
There are a number of factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Parkville, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.Although solar loans make switching to solar energy more accessible for Parkville homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Parkville, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $3.50 | $14,720 | $15,737 | 12.1 years |
| 8 kW | $3.44 | $19,249 | $21,360 | 11.9 years |
| 10 kW | $3.37 | $23,590 | $27,172 | 11.6 years |
| 12 kW | $3.30 | $27,742 | $33,173 | 11.4 years |
| 14 kW | $3.24 | $31,705 | $39,362 | 11.2 years |
| 16 kW | $3.17 | $35,479 | $45,740 | 10.9 years |
| 18 kW | $3.10 | $39,065 | $52,307 | 10.7 years |
| 20 kW | $3.03 | $42,462 | $59,062 | 10.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Parkville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as repairing your electrical system or roof.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Reputation: Companies that have been in business for many years likely have a good 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 support, such as part repairs and replacements.
- Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Parkville, MO Solar Cost FAQs
How much does it cost to install solar panels in Parkville?
The average cost of solar panels in Parkville 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 like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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.