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.
In Sikeston, solar panels cost about 3 per watt on average.Since a 7.1-kW system is needed to cover the energy usage of a typical home in Sikeston, the average price of going solar will be about $16,639 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary based on several factors, such as how many panels you need, your energy usage and what company you go with.For most homeowners, the upfront investment in solar is worth paying. On average Sikeston homeowners see about $14,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, 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
Many homeowners opt for a solar installer since installing solar panels by yourself can be a labor-intensive endeavor. Plus, if you’d like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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
While the average cost of a solar system in Sikeston is $16,639, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Sikeston offer solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect your pricing. Sikeston’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Sikeston know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Contract: Before you sign a contract with a solar company, be sure to look it over fully 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 what services you can expect from them.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- 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 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?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Sikeston?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home 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 property 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 Sikeston is currently $146,125, which means you can expect 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?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide 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.