Solar Panel Cost Guide in Republic, MO (Oct 2022)

  • Republic Solar Installation Cost: $12,782
  • 25-Year Savings: $20,880
  • Payback Period: 9.5 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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 $3 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 $9,459 after 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 installer can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.

Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Even though the average cost of solar panels in Republic is $12,782, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.

Solar Equipment Size

System size is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The 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, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Republic average.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Republic, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your total costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.

Solar Panel Installation Company

The remaining key cost factor you should take into consideration 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 varying price points for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up 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 $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

Solar Incentives in Republic

Name Empire District Electric - Solar PV Rebates
Website Visit here
More Info Click here

Name Solar Property Tax Exemption
Incentive Amount 100% exemption
More Info Click here

Name Wabash Valley Power Association (28 Member Cooperatives) - Residential Energy Efficiency Program
Website Visit here
More Info Click here

Name Ameren Missouri (Electric) - Residential Heating and Cooling Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name City Utilities of Springfield - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Local Option - Clean Energy Development Boards
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a lot of 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: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
  • Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
  • Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
  • 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.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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?

This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Republic?

You can't get solar panels for free in Republic. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.

How much can I save on electricity bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $955.58 per year.

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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.

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