Solar Panel Cost Guide in Polk, MO (2023 Update)
- Polk Solar Installation Cost: $13,344
- 25-Year Savings: $26,774
- Payback Period: 8.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Polk
We break down average solar pricing in Polk.
The average cost of solar panels in Polk is 2.59 per watt. To account for the typical energy needs of the average home in Polk, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs around $13,344, or $19,082 before the federal solar tax credit of 30% is applied.
The true cost of your system can be above or below the average in Polk based on several factors, such as the kind of solar panels you choose and the solar company you hire. With typical savings of about $21,000 on electricity bills over 20 years, many homeowners in Polk find going solar can pay off big.
To receive a free quote from a vetted solar installation company in Polk, you can click the button below.
Solar savings over time in Polk
| Year | Return on Investment |
|---|---|
| 1 years | $-11,739 |
| 3 years | $-8,530 |
| 5 years | $-5,320 |
| 7 years | $-2,111 |
| 9 years | $1,099 |
| 11 years | $4,308 |
| 13 years | $7,518 |
| 15 years | $10,727 |
| 17 years | $13,936 |
| 19 years | $17,146 |
| 21 years | $20,355 |
| 23 years | $23,565 |
| 25 years | $26,774 |
Top Solar Installers in Polk
Putting up solar panels yourself can be a dangerous undertaking, which is why getting a solar installer is a good option for many homeowners. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Polk
Factors that Affect Solar Panel Costs in Polk
There are many criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation 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 $2,590. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Polk homeowners opt to finance their solar panel systems to offset upfront costs. 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 more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you select will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $21,396 | 8.6 years |
| 8 kW | $2.64 | $14,794 | $28,818 | 8.5 years |
| 10 kW | $2.59 | $18,130 | $36,385 | 8.3 years |
| 12 kW | $2.54 | $21,321 | $44,097 | 8.1 years |
| 14 kW | $2.49 | $24,367 | $51,954 | 8.0 years |
| 16 kW | $2.43 | $27,268 | $59,956 | 7.8 years |
| 18 kW | $2.38 | $30,023 | $68,103 | 7.6 years |
| 20 kW | $2.33 | $32,634 | $76,396 | 7.5 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Reputation: Long-running companies likely have a good 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 service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Polk, MO Solar Cost FAQs
How much does it cost to install solar panels in Polk?
The average cost of solar panels in Polk is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.