Solar Panel Cost Guide in Peculiar, MO (Mar 2023)
- Peculiar Solar Installation Cost: $13,017
- 25-Year Savings: $23,647
- Payback Period: 8.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Peculiar
Find out what the average cost of a solar system is in Peculiar.
In Peculiar, solar panels cost about 2.59 per watt on average. Because a 7.2-kW system is needed to cover the energy needs 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%.
Keep in mind 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 use, the type of solar system you want to get, your solar contractor and more. Many homeowners find going solar is a fruitful investment. The average homeowner in Peculiar can save about $19,000 on their electricity bills over 20 years.
To get a free quote from a pre-vetted solar company in Peculiar, you can click the button below.
Solar savings over time in Peculiar
| Year | Return on Investment |
|---|---|
| 1 years | $-11,551 |
| 3 years | $-8,618 |
| 5 years | $-5,685 |
| 7 years | $-2,751 |
| 9 years | $182 |
| 11 years | $3,115 |
| 13 years | $6,048 |
| 15 years | $8,981 |
| 17 years | $11,914 |
| 19 years | $14,847 |
| 21 years | $17,780 |
| 23 years | $20,714 |
| 25 years | $23,647 |
Top Solar Installers in Peculiar
When going solar, many homeowners opt to use a solar company since installing solar panels yourself can be a time-consuming project. Plus, if you aren't sure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar installer in Peculiar, the EcoWatch team has compiled a list of our top suggestions here:
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 Peculiar
Factors that Affect Solar Panel Costs in Peculiar
There are many criteria 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 installs your solar panels.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,590. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Peculiar, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can impact the cost. Peculiar's solar companies all have different labor costs and add varying upcharges to equipment. Some companies 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 cost more. It's best to do some research and go with the company that offers the products, warranties and services you want and also fit into 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 | $2.69 | $11,313 | $19,314 | 9.2 years |
| 8 kW | $2.64 | $14,794 | $26,043 | 9.1 years |
| 10 kW | $2.59 | $18,130 | $32,916 | 8.9 years |
| 12 kW | $2.54 | $21,321 | $39,934 | 8.7 years |
| 14 kW | $2.49 | $24,367 | $47,098 | 8.5 years |
| 16 kW | $2.43 | $27,268 | $54,406 | 8.3 years |
| 18 kW | $2.38 | $30,023 | $61,859 | 8.2 years |
| 20 kW | $2.33 | $32,634 | $69,458 | 8.0 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 select the right company for you, here are some tips to keep in mind:
- Installation Process: When making the switch to solar energy, it's important to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although 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 options before deciding.
- Contract: When reading over your solar installer'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 part breaking or if the company goes out of business.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
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 Peculiar, MO Solar Cost FAQs
How much does it cost to install solar panels in Peculiar?
This is a tough question to answer exactly, because the cost depends on many factors. Broadly 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,020.92 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know 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 house 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.