Solar Panel Cost Guide in Pevely, MO (2023 Update)
- Pevely Solar Installation Cost: $13,027
- 25-Year Savings: $17,981
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pevely
Find out what the average cost of solar panels are in Pevely.
The average cost of solar panels in Pevely is 2.59 per watt. To cover the typical energy needs of the average home in Pevely, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs about $13,035, or $18,640 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what installation company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Pevely can save around $16,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pevely
| Year | Return on Investment |
|---|---|
| 1 years | $-12,924 |
| 3 years | $-12,717 |
| 5 years | $-12,510 |
| 7 years | $-12,304 |
| 9 years | $-12,097 |
| 11 years | $-11,890 |
| 13 years | $-11,683 |
| 15 years | $-11,477 |
| 17 years | $-11,270 |
| 19 years | $-11,063 |
| 21 years | $-10,857 |
| 23 years | $-10,650 |
| 25 years | $-10,443 |
Top Solar Installers in Pevely
Although it's possible to install solar panels on your own, it requires extra effort and handiness. That's one of the reasons almost all homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Pevely:
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 Pevely
Factors that Affect Solar Panel Costs in Pevely
For many Pevely homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Pevely, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar 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 largely based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,590 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Pevely average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. 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 a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Pevely is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services at different price points. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $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 model of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- 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.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Reputation: Your solar installer should have a sound 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Pevely, MO Solar Cost FAQs
How much does it cost to install solar panels in Pevely?
The average cost of solar panels in Pevely is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind 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 Pevely?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can solar panels completely eradicate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Pevely, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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.