Solar Panel Cost Guide in Pike, MO (2024 Update)
- Pike Solar Installation Cost: $16,654
- 25-Year Savings: $16,903
- Payback Period: 14.0 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 Pike
See how much it might cost to switch to solar power in Pike.
The national average cost of solar panels is $2.66 per watt, but in Pike it’s 3 per watt.Using this figure, a typical 7.1-kW system would cost about $16,654 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will most likely differ based on factors unique to your home and what company you go with.With average savings of about $16,000 on energy bills over 20 years, many homeowners in Pike find installing solar panels can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Pike that can help you get a more accurate cost estimate for your home.
Solar savings over time in Pike
| Year | Return on Investment |
|---|---|
| 1 years | $-15,354 |
| 3 years | $-12,755 |
| 5 years | $-10,155 |
| 7 years | $-7,555 |
| 9 years | $-4,956 |
| 11 years | $-2,356 |
| 13 years | $244 |
| 15 years | $2,843 |
| 17 years | $5,443 |
| 19 years | $8,043 |
| 21 years | $10,642 |
| 23 years | $13,242 |
| 25 years | $15,842 |
Top Solar Installers in Pike
Although you can install solar panels on your own, it takes extra labor and knowledge. That's why most people choose to hire a solar panel installer. Plus, if you’d like to maximize your investment in solar power, using a solar installer can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Pike
Factors that Affect Solar Panel Costs in Pike
For many Pike homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Pike, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need 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.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Pike average.
Solar Financing Terms
Most solar installers in Pike have solar loans, which reduce your upfront costs of installing solar.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Pike, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Pike 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 | $3.50 | $14,720 | $10,523 | 14.6 years |
| 8 kW | $3.44 | $19,249 | $14,408 | 14.3 years |
| 10 kW | $3.37 | $23,590 | $18,482 | 14.0 years |
| 12 kW | $3.30 | $27,742 | $22,745 | 13.7 years |
| 14 kW | $3.24 | $31,705 | $27,196 | 13.5 years |
| 16 kW | $3.17 | $35,479 | $31,836 | 13.2 years |
| 18 kW | $3.10 | $39,065 | $36,665 | 12.9 years |
| 20 kW | $3.03 | $42,462 | $41,683 | 12.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of 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 past customers.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which installer you should opt for, since different companies have different panels.
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 Pike, MO Solar Cost FAQs
What is the average cost of installing solar panels in Pike?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t choose 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 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 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.