Solar Panel Cost Guide in Perryville, MO (2024 Update)
- Perryville Solar Installation Cost: $16,998
- 25-Year Savings: $22,281
- Payback Period: 12.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Perryville
Let’s take a look at the average cost of solar panels in Perryville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Perryville, the average cost of a solar system is 3 per watt.To cover the typical energy needs of the average home in Perryville, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $16,998, or $24,307 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Perryville homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average Perryville homeowners see about $19,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a reputable solar installer in Perryville for a customized quote.
Solar savings over time in Perryville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,370 |
| 3 years | $-12,114 |
| 5 years | $-8,859 |
| 7 years | $-5,603 |
| 9 years | $-2,348 |
| 11 years | $908 |
| 13 years | $4,163 |
| 15 years | $7,419 |
| 17 years | $10,674 |
| 19 years | $13,930 |
| 21 years | $17,185 |
| 23 years | $20,441 |
| 25 years | $23,696 |
Top Solar Installers in Perryville
When making the switch to solar, many homeowners decide to go with a solar company since overseeing your solar installation yourself can be a difficult project. Another great thing about using a reputable solar installer is that it'll provide warranties and free repairs, which help protect your investment.
If you’d like to make the switch to solar but still aren’t certain which solar installer to go with, here are our recommendations for providers in Perryville:
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 Perryville
Factors that Affect Solar Panel Costs in Perryville
Although the average cost of a solar system in Perryville is $16,998, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
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 use 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 — are more expensive upfront but also tend to offer better efficiency. In a city like Perryville, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can play a part in determining how much it costs. Perryville’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $14,711 | 12.5 years |
| 8 kW | $3.44 | $19,249 | $19,992 | 12.3 years |
| 10 kW | $3.37 | $23,590 | $25,462 | 12.0 years |
| 12 kW | $3.30 | $27,742 | $31,120 | 11.8 years |
| 14 kW | $3.24 | $31,705 | $36,967 | 11.5 years |
| 16 kW | $3.17 | $35,479 | $43,003 | 11.3 years |
| 18 kW | $3.10 | $39,065 | $49,228 | 11.1 years |
| 20 kW | $3.03 | $42,462 | $55,641 | 10.8 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Before you sign a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean 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.
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 Perryville, MO Solar Cost FAQs
What is the average cost of installing solar panels in Perryville?
The average cost of solar panels in Perryville 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 type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Perryville?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is going solar worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Perryville?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.
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.