Solar Panel Cost Guide in Sikeston, MO (2023 Update)
- Sikeston Solar Installation Cost: $12,782
- 25-Year Savings: $13,825
- Payback Period: 12.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Sikeston
We go over average solar pricing in Sikeston.
The national average cost of solar panels is $2.66 per watt, but in Sikeston it's 2.59 per watt. The average solar panel system size in Sikeston 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.
How much you pay can go above or below the average in Sikeston depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Sikeston see about $14,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Sikeston
| Year | Return on Investment |
|---|---|
| 1 years | $-11,717 |
| 3 years | $-9,589 |
| 5 years | $-7,460 |
| 7 years | $-5,332 |
| 9 years | $-3,203 |
| 11 years | $-1,075 |
| 13 years | $1,054 |
| 15 years | $3,182 |
| 17 years | $5,311 |
| 19 years | $7,439 |
| 21 years | $9,568 |
| 23 years | $11,697 |
| 25 years | $13,825 |
Top Solar Installers in Sikeston
When making the switch to solar, many homeowners prefer to go with a solar installation company since installing a solar system yourself can be a time-consuming project. Another benefit of working with a solar company is that they can help you maximize your return of investment by reducing your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you'd like to go solar but still aren't certain which solar system company to go with, here are our recommendations for providers in Sikeston:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Sikeston
Factors that Affect Solar Panel Costs in Sikeston
There are many factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar energy system you need, 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 around $2,590. The 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 over time on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Sikeston average.
Solar Financing Terms
Many homeowners find the average cost of solar in Sikeston to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time due to interest. While solar loans make adopting solar energy more accessible for Sikeston homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Sikeston, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also fit into your budget.
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 | $11,320 | 12.5 years |
| 8 kW | $2.64 | $14,794 | $15,384 | 12.3 years |
| 10 kW | $2.59 | $18,130 | $19,592 | 12.0 years |
| 12 kW | $2.54 | $21,321 | $23,946 | 11.8 years |
| 14 kW | $2.49 | $24,367 | $28,444 | 11.5 years |
| 16 kW | $2.43 | $27,268 | $33,088 | 11.3 years |
| 18 kW | $2.38 | $30,023 | $37,877 | 11.1 years |
| 20 kW | $2.33 | $32,634 | $42,811 | 10.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- 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 considerable role in the company you go with.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Sikeston, MO Solar Cost FAQs
How much does it cost to install solar panels in Sikeston?
The average cost of solar panels in Sikeston 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels completely eradicate my electricity bills?
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 $754.45 per year.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.