Solar Panel Cost Guide in Peculiar, MO (2023 Update)
- Peculiar Solar Installation Cost: $16,944
- 25-Year Savings: $23,642
- Payback Period: 11.6 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Peculiar
Find out how much it might cost to switch to solar power in Peculiar.
Although the national average of solar panels is $2.66 per watt, solar panels in Peculiar generally cost about 2.59.Since a 7.2-kW system is needed to cover the energy consumption of a typical home in Peculiar, the average price of going solar will be about $13,017 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more.Despite the significant upfront cost, the average Peculiar homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a reputable solar panel company in Peculiar for a custom quote.
Solar savings over time in Peculiar
| Year | Return on Investment |
|---|---|
| 1 years | $-15,270 |
| 3 years | $-11,924 |
| 5 years | $-8,577 |
| 7 years | $-5,230 |
| 9 years | $-1,884 |
| 11 years | $1,463 |
| 13 years | $4,810 |
| 15 years | $8,156 |
| 17 years | $11,503 |
| 19 years | $14,850 |
| 21 years | $18,196 |
| 23 years | $21,543 |
| 25 years | $24,889 |
Top Solar Installers in Peculiar
Many homeowners opt for a solar panel installer since installing solar panels by yourself can be challenging. Also, companies with a good reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Peculiar
Factors that Affect Solar Panel Costs in Peculiar
There are several factors that can play into your 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
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,590.The model of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on 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
Most solar installers in Peculiar provide solar loans, which reduce the initial cost of installing solar panels.You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Peculiar, and each can charge varying amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you want and also fits within your budget.
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 | $15,907 | 12.0 years |
| 8 kW | $3.44 | $19,249 | $21,587 | 11.8 years |
| 10 kW | $3.37 | $23,590 | $27,456 | 11.6 years |
| 12 kW | $3.30 | $27,742 | $33,513 | 11.3 years |
| 14 kW | $3.24 | $31,705 | $39,759 | 11.1 years |
| 16 kW | $3.17 | $35,479 | $46,194 | 10.9 years |
| 18 kW | $3.10 | $39,065 | $52,818 | 10.6 years |
| 20 kW | $3.03 | $42,462 | $59,630 | 10.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which brand 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 take a look at their list of offerings before making your decision.
- Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Peculiar, MO Solar Cost FAQs
What is the average cost of installing solar panels in Peculiar?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality 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 efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my home value?
Solar panels can increase the value of your home considerably 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% after installing a solar system."
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.