Solar Panel Cost Guide in Piney, MO (2024 Update)
- Piney Solar Installation Cost: $16,721
- 25-Year Savings: $19,881
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Piney
We break down average solar pricing in Piney.
In Piney, solar panels cost about 3 per watt on average.The average solar panel system size in Piney is around 7.1 kilowatts, meaning a cost of about $16,721 for a solar installation, or $23,911 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Piney depending on several factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Piney can save about $18,000 on their electricity bills over 20 years.
To get a free quote from a pre-vetted solar company in Piney, you can click the button below.
Solar savings over time in Piney
| Year | Return on Investment |
|---|---|
| 1 years | $-15,274 |
| 3 years | $-12,381 |
| 5 years | $-9,487 |
| 7 years | $-6,594 |
| 9 years | $-3,700 |
| 11 years | $-807 |
| 13 years | $2,086 |
| 15 years | $4,980 |
| 17 years | $7,873 |
| 19 years | $10,766 |
| 21 years | $13,660 |
| 23 years | $16,553 |
| 25 years | $19,447 |
Top Solar Installers in Piney
Installing solar panels on your own can be a difficult undertaking, which is why hiring a solar installation company is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar contractor too, which can save you more money after your upfront 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 suggestions for providers in Piney:
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 Piney
Factors that Affect Solar Panel Costs in Piney
Although the average cost of a solar system in Piney is $16,721, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,370. The model of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Piney provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Piney, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $12,987 | 13.3 years |
| 8 kW | $3.44 | $19,249 | $17,693 | 13.0 years |
| 10 kW | $3.37 | $23,590 | $22,588 | 12.8 years |
| 12 kW | $3.30 | $27,742 | $27,672 | 12.5 years |
| 14 kW | $3.24 | $31,705 | $32,944 | 12.3 years |
| 16 kW | $3.17 | $35,479 | $38,406 | 12.0 years |
| 18 kW | $3.10 | $39,065 | $44,056 | 11.7 years |
| 20 kW | $3.03 | $42,462 | $49,894 | 11.5 years |
How to Save on Solar Panels
The company that does your solar system 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:
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
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 Piney, MO Solar Cost FAQs
What is the average cost of installing solar panels in Piney?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my home value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t go for 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 solar panels."
How long do solar panels last in Piney?
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 higher 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.