Solar Panel Cost Guide in Raytown, MO (2024 Update)
- Raytown Solar Installation Cost: $17,078
- 25-Year Savings: $24,457
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Raytown
We go over average solar pricing in Raytown.
In Raytown, solar panels cost about 3 per watt on average.Because a 7.2-kW system is needed to cover the energy needs of a typical home in Raytown, the average price of going solar will be about $17,078 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.Even with the high initial cost, the average Raytown homeowner can save around $20,000 on their energy bills over 20 years, which is one of the perks of solar.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Raytown
| Year | Return on Investment |
|---|---|
| 1 years | $-15,404 |
| 3 years | $-12,058 |
| 5 years | $-8,711 |
| 7 years | $-5,364 |
| 9 years | $-2,018 |
| 11 years | $1,329 |
| 13 years | $4,676 |
| 15 years | $8,022 |
| 17 years | $11,369 |
| 19 years | $14,716 |
| 21 years | $18,062 |
| 23 years | $21,409 |
| 25 years | $24,755 |
Top Solar Installers in Raytown
Putting up solar panels by yourself can be a time-consuming task, which is why getting a solar installer is a good option for many homeowners. Another advantage of working with a solar company is that they can help you optimize your ROI by cutting back on future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Raytown
Factors that Affect Solar Panel Costs in Raytown
There are several factors that can influence your 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
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,370 per kilowatt in Raytown.The brand and type of equipment you choose 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Raytown to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.While solar loans make going solar more accessible for Raytown homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact your pricing. Raytown’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically 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 additional services like electric vehicle 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 | $3.50 | $14,720 | $16,427 | 11.8 years |
| 8 kW | $3.44 | $19,249 | $22,281 | 11.6 years |
| 10 kW | $3.37 | $23,590 | $28,323 | 11.4 years |
| 12 kW | $3.30 | $27,742 | $34,553 | 11.1 years |
| 14 kW | $3.24 | $31,705 | $40,973 | 10.9 years |
| 16 kW | $3.17 | $35,479 | $47,581 | 10.7 years |
| 18 kW | $3.10 | $39,065 | $54,378 | 10.5 years |
| 20 kW | $3.03 | $42,462 | $61,363 | 10.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Raytown, MO Solar Cost FAQs
How much does it cost to install solar panels in Raytown?
The average cost of solar panels in Raytown is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Raytown?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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 financial benefits from going solar.
Does Raytown have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 amount 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.