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.To account for the typical energy needs of the average home in Poplar Bluff, most homeowners require a 7.0-kilowatt system. Using the figure above, a solar installation costs about $16,538, or $23,649 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more.Even with the large initial cost, the average Poplar Bluff homeowner can save about $16,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a vetted solar company in your area for a personalized quote.
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
Installing solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar power, using a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
If you're searching for a solar company in Poplar Bluff, the EcoWatch team has put together a list of our top suggestions here:
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 Poplar Bluff
Factors that Affect Solar Panel Costs in Poplar Bluff
The cost of installing a solar system in Poplar Bluff can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $3,370 per kilowatt in Poplar Bluff.The kind of solar equipment you choose can increase or decrease your cost 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. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Poplar Bluff average.
Solar Financing Terms
Many homeowners find the average cost of solar in Poplar Bluff to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront 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 Poplar Bluff is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services at different costs.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The model of solar panel you need to get plays a role in which installer you should choose, since different companies have access to 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 Poplar Bluff, MO Solar Cost FAQs
How much does it cost to install solar panels in Poplar Bluff?
This is a tough question to answer precisely, because the cost depends on many 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 higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Poplar Bluff?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.