Solar Panel Cost Guide in Raymore, MO (Mar 2023)
- Raymore Solar Installation Cost: $13,017
- 25-Year Savings: $23,647
- Payback Period: 8.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Raymore
Find out how much it might cost to make the switch to solar in Raymore.
The average cost of solar panels in Raymore is 2.59 per watt. Using this figure, a typical 7.2-kW system would cost about $13,017 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar company in Raymore that can help you get a more accurate cost estimate for your home.
Solar savings over time in Raymore
| Year | Return on Investment |
|---|---|
| 1 years | $-11,551 |
| 3 years | $-8,618 |
| 5 years | $-5,685 |
| 7 years | $-2,751 |
| 9 years | $182 |
| 11 years | $3,115 |
| 13 years | $6,048 |
| 15 years | $8,981 |
| 17 years | $11,914 |
| 19 years | $14,847 |
| 21 years | $17,780 |
| 23 years | $20,714 |
| 25 years | $23,647 |
Top Solar Installers in Raymore
When switching to solar energy, many homeowners opt to go with a solar installer since installing solar panels yourself can be a challenging project. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for your home.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Raymore:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Raymore
Factors that Affect Solar Panel Costs in Raymore
There are many criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the price of a solar panel system in Raymore, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $2,590 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Raymore have solar loans, which reduce the initial cost of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can impact how much you pay. Raymore's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Raymore are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $2.69 | $11,313 | $19,314 | 9.2 years |
| 8 kW | $2.64 | $14,794 | $26,043 | 9.1 years |
| 10 kW | $2.59 | $18,130 | $32,916 | 8.9 years |
| 12 kW | $2.54 | $21,321 | $39,934 | 8.7 years |
| 14 kW | $2.49 | $24,367 | $47,098 | 8.5 years |
| 16 kW | $2.43 | $27,268 | $54,406 | 8.3 years |
| 18 kW | $2.38 | $30,023 | $61,859 | 8.2 years |
| 20 kW | $2.33 | $32,634 | $69,458 | 8.0 years |
How to Save on Solar Panels
The solar panel company you go with will affect 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 keep in mind, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Raymore, MO Solar Cost FAQs
How much does it cost to install solar panels in Raymore?
The average cost of solar panels in Raymore 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Raymore?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.