Solar Panel Cost Guide in Spanish Lake, MO (2025 Update)
- Spanish Lake Solar Installation Cost: $17,060
- 25-Year Savings: $16,175
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Spanish Lake
We go over average solar pricing in Spanish Lake.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Spanish Lake, the typical cost of a solar system is 3 per watt.To cover the typical energy usage of the average home in Spanish Lake, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs about $17,060, or $24,396 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Spanish Lake homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $15,000 in savings on electricity bills over 20 years.
To get a free quote from a highly rated solar installer in Spanish Lake, you can click the button below.
Solar savings over time in Spanish Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-15,769 |
| 3 years | $-13,188 |
| 5 years | $-10,607 |
| 7 years | $-8,026 |
| 9 years | $-5,445 |
| 11 years | $-2,864 |
| 13 years | $-283 |
| 15 years | $2,298 |
| 17 years | $4,880 |
| 19 years | $7,461 |
| 21 years | $10,042 |
| 23 years | $12,623 |
| 25 years | $15,204 |
Top Solar Installers in Spanish Lake
Although it's possible to install solar panels on your own, it takes extra time and knowledge. That's one of the reasons most homeowners choose to hire a solar panel installer. Another great thing about using a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
If you're on the hunt for a solar company in Spanish Lake, we've put together a list of our top suggestions here:
See all of the solar companies in Spanish Lake
Factors that Affect Solar Panel Costs in Spanish Lake
The cost of installing a solar system in Spanish Lake 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
When it comes to estimating the cost of solar panels in Spanish Lake, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $3,370 for each additional kilowatt you need.The kind of 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. On the other hand, higher efficiency could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Spanish Lake average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Spanish Lake homeowners decide to finance their solar panel systems to make paying for solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Spanish Lake, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with 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 car 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 | $9,577 | 15.1 years |
| 8 kW | $3.44 | $19,249 | $13,147 | 14.9 years |
| 10 kW | $3.37 | $23,590 | $16,905 | 14.6 years |
| 12 kW | $3.30 | $27,742 | $20,853 | 14.3 years |
| 14 kW | $3.24 | $31,705 | $24,989 | 14.0 years |
| 16 kW | $3.17 | $35,479 | $29,313 | 13.7 years |
| 18 kW | $3.10 | $39,065 | $33,827 | 13.4 years |
| 20 kW | $3.03 | $42,462 | $38,529 | 13.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The model of solar panel you’d like to install plays a role in which installer you should choose, since different companies have access to different panels.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
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 $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 such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Spanish Lake?
A solar panel system isn’t free in Spanish Lake, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Spanish Lake, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.