Solar Panel Cost Guide in Raytown, MO (Mar 2023)
- Raytown Solar Installation Cost: $13,126
- 25-Year Savings: $24,455
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Raytown
We break down average solar pricing in Raytown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Raytown, the average cost of a solar system is 2.59 per watt. The average solar panel system size in Raytown is around 7.2 kilowatts, meaning a cost of about $13,126 for a solar installation, or $18,770 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Raytown can save around $20,000 on their electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Raytown
| Year | Return on Investment |
|---|---|
| 1 years | $-11,623 |
| 3 years | $-8,616 |
| 5 years | $-5,610 |
| 7 years | $-2,603 |
| 9 years | $403 |
| 11 years | $3,410 |
| 13 years | $6,416 |
| 15 years | $9,423 |
| 17 years | $12,429 |
| 19 years | $15,436 |
| 21 years | $18,442 |
| 23 years | $21,449 |
| 25 years | $24,455 |
Top Solar Installers in Raytown
When switching to solar energy, many homeowners opt to go with a solar company since handling can be a challenging project. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be best for your family.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Raytown
Factors that Affect Solar Panel Costs in Raytown
For many Raytown homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Raytown, with typical prices between $20,000 to $40,000. There are a number of factors that greatly 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 going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Raytown average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Raytown homeowners opt to finance their solar panel systems to offset upfront costs. When figuring 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
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Raytown is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different price points. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $19,834 | 9.1 years |
| 8 kW | $2.64 | $14,794 | $26,736 | 8.9 years |
| 10 kW | $2.59 | $18,130 | $33,783 | 8.7 years |
| 12 kW | $2.54 | $21,321 | $40,974 | 8.6 years |
| 14 kW | $2.49 | $24,367 | $48,311 | 8.4 years |
| 16 kW | $2.43 | $27,268 | $55,793 | 8.2 years |
| 18 kW | $2.38 | $30,023 | $63,419 | 8.0 years |
| 20 kW | $2.33 | $32,634 | $71,191 | 7.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Make sure your solar panel 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.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
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 Raytown, MO Solar Cost FAQs
What is the average cost of installing solar panels in Raytown?
The average cost of solar panels in Raytown 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 kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Raytown?
A solar panel system isn't free in Raytown, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Raytown, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having 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.