Solar Panel Cost Guide in Spanish Lake, MO (2023 Update)
- Spanish Lake Solar Installation Cost: $13,108
- 25-Year Savings: $16,178
- Payback Period: 11.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Spanish Lake
We go over average solar pricing in Spanish Lake.
The average cost of solar panels in Spanish Lake is 2.59 per watt. To account for the typical energy needs of the average home in Spanish Lake, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $13,108, or $18,744 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Spanish Lake can save about $15,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Spanish Lake that can help you get a more accurate cost estimate for your home.
Solar savings over time in Spanish Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-11,937 |
| 3 years | $-9,594 |
| 5 years | $-7,251 |
| 7 years | $-4,908 |
| 9 years | $-2,565 |
| 11 years | $-222 |
| 13 years | $2,121 |
| 15 years | $4,464 |
| 17 years | $6,806 |
| 19 years | $9,149 |
| 21 years | $11,492 |
| 23 years | $13,835 |
| 25 years | $16,178 |
Top Solar Installers in Spanish Lake
Although it's possible to install solar panels by yourself, it involves extra effort and know-how. Because of that, most people choose to go with a solar panel installer. Plus, if you're not certain what kind of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
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 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 Spanish Lake
Factors that Affect Solar Panel Costs in Spanish Lake
There are a number of factors that can influence 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact the cost. Spanish Lake's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — 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 find a company that offers 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 | $12,984 | 11.6 years |
| 8 kW | $2.64 | $14,794 | $17,602 | 11.4 years |
| 10 kW | $2.59 | $18,130 | $22,365 | 11.2 years |
| 12 kW | $2.54 | $21,321 | $27,274 | 11.0 years |
| 14 kW | $2.49 | $24,367 | $32,327 | 10.7 years |
| 16 kW | $2.43 | $27,268 | $37,525 | 10.5 years |
| 18 kW | $2.38 | $30,023 | $42,868 | 10.3 years |
| 20 kW | $2.33 | $32,634 | $48,357 | 10.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
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 Spanish Lake, MO Solar Cost FAQs
What is the average cost of installing solar panels in Spanish Lake?
The average cost of solar panels in Spanish Lake is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration 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 your goals for going solar. In cities 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.
Is going solar worth it?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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 cover 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.