Solar Panel Cost Guide in Republic, MO (2023 Update)
- Republic Solar Installation Cost: $12,782
- 25-Year Savings: $20,880
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Republic
Find out what the average cost of installing solar panels is in Republic.
In Republic, solar panels cost about 2.59 per watt on average. The average solar panel system size in Republic is around 7.0 kilowatts, meaning a cost of about $12,782 for a solar installation, or $18,278 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Republic based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Republic see about $18,000 in savings on electricity bills over 20 years.
To receive a free estimate from a vetted solar installer in Republic, you can click the button below.
Solar savings over time in Republic
| Year | Return on Investment |
|---|---|
| 1 years | $-11,435 |
| 3 years | $-8,742 |
| 5 years | $-6,049 |
| 7 years | $-3,356 |
| 9 years | $-663 |
| 11 years | $2,030 |
| 13 years | $4,722 |
| 15 years | $7,415 |
| 17 years | $10,108 |
| 19 years | $12,801 |
| 21 years | $15,494 |
| 23 years | $18,187 |
| 25 years | $20,880 |
Top Solar Installers in Republic
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using a solar company can make your swap to solar power much easier. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
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 Republic
Factors that Affect Solar Panel Costs in Republic
For many Republic homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Republic, 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
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,590. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your total costs, so it's important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Republic, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $17,354 | 9.9 years |
| 8 kW | $2.64 | $14,794 | $23,429 | 9.7 years |
| 10 kW | $2.59 | $18,130 | $29,649 | 9.5 years |
| 12 kW | $2.54 | $21,321 | $36,014 | 9.3 years |
| 14 kW | $2.49 | $24,367 | $42,524 | 9.1 years |
| 16 kW | $2.43 | $27,268 | $49,179 | 8.9 years |
| 18 kW | $2.38 | $30,023 | $55,979 | 8.7 years |
| 20 kW | $2.33 | $32,634 | $62,924 | 8.5 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 selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- 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 the terms of the warranty.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
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 Republic, MO Solar Cost FAQs
How much does it cost to install solar panels in Republic?
The average cost of solar panels in Republic 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 stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Republic?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How will solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Republic is currently $121,006, so you can expect a value of about $4,961 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Republic is a fruitful investment.
How long do solar panels last in Republic?
Though 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 choose to 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.