Solar Panel Cost Guide in Sikeston, MO (2024 Update)
- Sikeston Solar Installation Cost: $16,639
- 25-Year Savings: $13,819
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Sikeston
We go over average solar pricing in Sikeston.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sikeston, the typical cost of solar panels is 3 per watt.The average solar panel system size in Sikeston is around 7.1 kilowatts, meaning a cost of about $16,639 for a solar installation, or $23,794 before the 0 federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you will differ based on your energy needs and what company you choose to go with.For many homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $14,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Sikeston
| Year | Return on Investment |
|---|---|
| 1 years | $-15,348 |
| 3 years | $-12,767 |
| 5 years | $-10,186 |
| 7 years | $-7,605 |
| 9 years | $-5,024 |
| 11 years | $-2,442 |
| 13 years | $139 |
| 15 years | $2,720 |
| 17 years | $5,301 |
| 19 years | $7,882 |
| 21 years | $10,463 |
| 23 years | $13,044 |
| 25 years | $15,626 |
Top Solar Installers in Sikeston
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Using an installer can make switching to solar power much easier. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
If you’d like to make the switch to solar but still aren’t certain which solar system company to go with, here are our recommendations for providers nearby:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Sikeston
Factors that Affect Solar Panel Costs in Sikeston
The cost of installing a solar system in Sikeston can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,370. 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 choose 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 electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Sikeston average.
Solar Financing Terms
Most solar installers in Sikeston provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Sikeston, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Sikeston have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $7,913 | 16.3 years |
| 8 kW | $3.44 | $19,249 | $10,928 | 15.9 years |
| 10 kW | $3.37 | $23,590 | $14,132 | 15.6 years |
| 12 kW | $3.30 | $27,742 | $17,525 | 15.3 years |
| 14 kW | $3.24 | $31,705 | $21,106 | 15.0 years |
| 16 kW | $3.17 | $35,479 | $24,876 | 14.7 years |
| 18 kW | $3.10 | $39,065 | $28,835 | 14.4 years |
| 20 kW | $3.03 | $42,462 | $32,983 | 14.1 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Sikeston, MO Solar Cost FAQs
What is the average cost of installing solar panels in Sikeston?
The average cost of solar panels in Sikeston 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 use.
Is it better to lease or buy solar panels in Sikeston?
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.
How will having solar panels impact how much my home is worth?
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 Sikeston is currently $146,125, which means you could be looking at a value of about $5,991 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sikeston is a fruitful 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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.