Solar Panel Cost Guide in Poplar Bluff, MO (2024 Update)
- Poplar Bluff Solar Installation Cost: $16,538
- 25-Year Savings: $15,107
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Poplar Bluff
Let’s take a look at the average cost of solar in Poplar Bluff.
The national average cost of solar panels is $2.66 per watt, but in Poplar Bluff it’s 3 per watt.Since a 7.0-kW system is needed to cover the energy consumption of a typical home in Poplar Bluff, the average price of going solar will be about $16,538 after claiming the federal solar tax credit of 0.
These figures are just averages, and the cost of going solar for you may vary based on factors unique to your home and what company you want to go with.With typical savings of about $16,000 on energy bills over 20 years, many homeowners in Poplar Bluff find installing solar panels can pay off big.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Poplar Bluff
| Year | Return on Investment |
|---|---|
| 1 years | $-15,294 |
| 3 years | $-12,806 |
| 5 years | $-10,318 |
| 7 years | $-7,829 |
| 9 years | $-5,341 |
| 11 years | $-2,853 |
| 13 years | $-364 |
| 15 years | $2,124 |
| 17 years | $4,612 |
| 19 years | $7,100 |
| 21 years | $9,589 |
| 23 years | $12,077 |
| 25 years | $14,565 |
Top Solar Installers in Poplar Bluff
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make switching to solar power much easier. Also, if you’d like to maximize your investment in solar energy, 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 and net metering programs.
If you’d like to switch to solar energy but still aren’t certain which solar company to go with, here are our suggestions for providers near you:
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 Poplar Bluff
Factors that Affect Solar Panel Costs in Poplar Bluff
For many Poplar Bluff homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Poplar Bluff, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Poplar Bluff to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest.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 more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Poplar Bluff, and each can charge different amounts for labor and equipment.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $3.50 | $14,720 | $9,087 | 15.5 years |
| 8 kW | $3.44 | $19,249 | $12,493 | 15.2 years |
| 10 kW | $3.37 | $23,590 | $16,088 | 14.9 years |
| 12 kW | $3.30 | $27,742 | $19,872 | 14.6 years |
| 14 kW | $3.24 | $31,705 | $23,845 | 14.3 years |
| 16 kW | $3.17 | $35,479 | $28,006 | 14.0 years |
| 18 kW | $3.10 | $39,065 | $32,356 | 13.7 years |
| 20 kW | $3.03 | $42,462 | $36,895 | 13.4 years |
How to Save on Solar Panels
There are many companies available in Poplar Bluff, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
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 Poplar Bluff, MO Solar Cost FAQs
How much does it cost to install solar panels in Poplar Bluff?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Poplar Bluff have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How long do solar panels last in Poplar Bluff?
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.