Solar Panel Cost Guide in Smithville, MO (2025 Update)
- Smithville Solar Installation Cost: $17,136
- 25-Year Savings: $18,843
- Payback Period: 13.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Smithville
Find out what the average cost of installing solar panels is in Smithville.
Although the national average of solar panels is $2.66 per watt, solar panels in Smithville generally cost about 3.The average Smithville homeowner needs a 7.3-kilowatt system, which would cost about $17,136 with the federal tax credit, or $24,504 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what company you go with.Many homeowners find going solar is a solid investment. The average homeowner in Smithville can save around $17,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Smithville for a custom quote.
Solar savings over time in Smithville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,728 |
| 3 years | $-12,912 |
| 5 years | $-10,096 |
| 7 years | $-7,280 |
| 9 years | $-4,464 |
| 11 years | $-1,648 |
| 13 years | $1,168 |
| 15 years | $3,984 |
| 17 years | $6,800 |
| 19 years | $9,616 |
| 21 years | $12,432 |
| 23 years | $15,248 |
| 25 years | $18,064 |
Top Solar Installers in Smithville
Trying to install solar panels by yourself can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you take advantage of incentives in Smithville, thereby optimizing your ROI.
If you're searching for a solar installer in Smithville, the EcoWatch team has put together a list of our top suggestions here:
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 Smithville
Factors that Affect Solar Panel Costs in Smithville
Although the average cost of a solar system in Smithville is $17,136, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,370.The brand of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal 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
Lastly, the company you opt for to install your solar panel system can influence the cost. Smithville’s solar companies all have different labor costs and add varying upcharges to equipment. 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 additional 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 | $3.50 | $14,720 | $11,721 | 13.9 years |
| 8 kW | $3.44 | $19,249 | $16,006 | 13.6 years |
| 10 kW | $3.37 | $23,590 | $20,479 | 13.4 years |
| 12 kW | $3.30 | $27,742 | $25,141 | 13.1 years |
| 14 kW | $3.24 | $31,705 | $29,992 | 12.8 years |
| 16 kW | $3.17 | $35,479 | $35,031 | 12.6 years |
| 18 kW | $3.10 | $39,065 | $40,260 | 12.3 years |
| 20 kW | $3.03 | $42,462 | $45,677 | 12.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project completion timeline.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Warranty: If you care about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Smithville, MO Solar Cost FAQs
How much does it cost to install solar panels in Smithville?
The average cost of solar panels in Smithville is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Smithville have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.