Solar Panel Cost Guide in Republic, MO (2023 Update)
- Republic Solar Installation Cost: $12,773
- 25-Year Savings: $20,889
- Payback Period: 9.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Republic
We go over average solar pricing in Republic.
While the national average of solar panels is $2.66 per watt, solar panels in Republic typically cost around 2.59. To account for the typical energy needs of the average home in Republic, most homeowners require a 7.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,782, or $18,278 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar system you choose, your solar contractor and more. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Republic can save about $18,000 on their energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Republic
| Year | Return on Investment |
|---|---|
| 1 years | $-11,099 |
| 3 years | $-7,752 |
| 5 years | $-4,405 |
| 7 years | $-1,058 |
| 9 years | $2,290 |
| 11 years | $5,637 |
| 13 years | $8,984 |
| 15 years | $12,331 |
| 17 years | $15,678 |
| 19 years | $19,026 |
| 21 years | $22,373 |
| 23 years | $25,720 |
| 25 years | $29,067 |
Top Solar Installers in Republic
Although you can install solar panels yourself, it involves extra energy and knowledge. For that reason, almost all homeowners choose to hire a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Republic
Factors that Affect Solar Panel Costs in Republic
For many Republic homeowners, the decision to install solar panels comes down to 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 several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Republic, 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 usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $2,590 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down 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, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Republic average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. While solar loans make switching to solar energy more accessible for Republic homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Republic is the company you get to install your PV system. As with choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. Larger national companies usually have lower costs, but some local companies undercut 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 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 | $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 solar installer you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Solar Panel Brands: The model of solar panel you want plays a part in which installer you should go with, since different companies provide different panels.
- Contract: Before you sign a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Republic?
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 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 savings from going solar.
Do solar panels increase your home value?
Buying or financing solar panels for 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 could be looking at 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 worthwhile investment.
How often do you have to replace solar panels?
On average, solar panels can last 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.