Solar Panel Cost Guide in Springfield, MO (2025 Update)
- Springfield Solar Installation Cost: $16,620
- 25-Year Savings: $18,049
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Springfield
Find out how much it might cost to go solar in Springfield.
The national average cost of solar panels is $2.66 per watt, but in Springfield it’s 3 per watt.Since a 7.0-kW system is needed to cover the energy needs of a typical home in Springfield, the average price of going solar will be about $16,620 after claiming the federal solar tax credit of 0.
How much you pay can go above or below the average in Springfield depending on several factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find installing solar panels is a sound investment. The average homeowner in Springfield can save around $17,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Springfield
| Year | Return on Investment |
|---|---|
| 1 years | $-15,222 |
| 3 years | $-12,427 |
| 5 years | $-9,632 |
| 7 years | $-6,837 |
| 9 years | $-4,042 |
| 11 years | $-1,247 |
| 13 years | $1,548 |
| 15 years | $4,342 |
| 17 years | $7,137 |
| 19 years | $9,932 |
| 21 years | $12,727 |
| 23 years | $15,522 |
| 25 years | $18,317 |
Top Solar Installers in Springfield
When switching to solar energy, many homeowners opt to use a solar installer since putting up a solar system yourself can be a time-consuming project. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Springfield
Factors that Affect Solar Panel Costs in Springfield
There are many factors that can determine 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,370.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Springfield average.
Solar Financing Terms
Many homeowners find the average cost of solar in Springfield to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.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’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Springfield, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $11,529 | 14.0 years |
| 8 kW | $3.44 | $19,249 | $15,750 | 13.7 years |
| 10 kW | $3.37 | $23,590 | $20,159 | 13.5 years |
| 12 kW | $3.30 | $27,742 | $24,757 | 13.2 years |
| 14 kW | $3.24 | $31,705 | $29,543 | 12.9 years |
| 16 kW | $3.17 | $35,479 | $34,519 | 12.7 years |
| 18 kW | $3.10 | $39,065 | $39,683 | 12.4 years |
| 20 kW | $3.03 | $42,462 | $45,035 | 12.1 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
EcoWatch's Springfield, MO Solar Cost FAQs
How much does it cost to install solar panels in Springfield?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Springfield?
Leasing solar panels can be an option if you can’t afford to 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 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 financial benefits from going solar.
Can you sell solar power back to the grid in Springfield?
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 give you credit toward your future energy bills.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.