Solar Panel Cost Guide in Pevely, MO (Mar 2023)
- Pevely Solar Installation Cost: $13,035
- 25-Year Savings: $17,972
- Payback Period: 10.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pevely
Find out how much it might cost to install solar panels in Pevely.
The national average cost of solar panels is $2.66 per watt, but in Pevely it's 2.59 per watt. Because a 7.2-kW system is needed to cover the energy usage of a typical home in Pevely, the average price of going solar will be about $13,035 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary quite a bit based on several factors, such as what size system you need, your energy consumption and what company you go with. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Pevely can save about $16,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar company in your area for a customized estimate.
Solar savings over time in Pevely
| Year | Return on Investment |
|---|---|
| 1 years | $-11,795 |
| 3 years | $-9,315 |
| 5 years | $-6,834 |
| 7 years | $-4,353 |
| 9 years | $-1,873 |
| 11 years | $608 |
| 13 years | $3,089 |
| 15 years | $5,569 |
| 17 years | $8,050 |
| 19 years | $10,530 |
| 21 years | $13,011 |
| 23 years | $15,492 |
| 25 years | $17,972 |
Top Solar Installers in Pevely
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with an installer can make your switch to solar power much easier. The expertise that solar companies offer can be valuable as well, particularly if you aren't sure what type of solar equipment would be right for your home.
If you'd like to start using solar energy but still aren't sure which solar system company to go with, here are our suggestions for providers in Pevely:
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 Pevely
Factors that Affect Solar Panel Costs in Pevely
The cost of installing a solar system in Pevely can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Pevely, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,590 for each additional kilowatt you need. The kind of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond 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 searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Pevely homeowners choose to finance their solar panel systems to make going solar more affordable. While solar loans make adopting solar energy more accessible for Pevely homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Pevely, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Pevely know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $14,579 | 10.9 years |
| 8 kW | $2.64 | $14,794 | $19,729 | 10.7 years |
| 10 kW | $2.59 | $18,130 | $25,024 | 10.5 years |
| 12 kW | $2.54 | $21,321 | $30,463 | 10.3 years |
| 14 kW | $2.49 | $24,367 | $36,048 | 10.1 years |
| 16 kW | $2.43 | $27,268 | $41,778 | 9.9 years |
| 18 kW | $2.38 | $30,023 | $47,653 | 9.7 years |
| 20 kW | $2.33 | $32,634 | $53,673 | 9.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the company 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 things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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 Pevely, MO Solar Cost FAQs
What is the average cost of installing solar panels in Pevely?
This is a tough question to answer exactly, because the cost depends on a variety of 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Pevely?
A solar panel system isn't free in Pevely, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can you sell solar power back to the grid in Pevely?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, solar panels can last 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 larger 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.
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.