Solar Panel Cost Guide in Springfield, MO (Feb 2023)
- Springfield Solar Installation Cost: $12,782
- 25-Year Savings: $18,041
- Payback Period: 10.4 Years
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Top Solar Installers in Springfield
Many homeowners opt for a solar installer since installing solar panels by yourself can be a labor-intensive endeavor. Companies can also have access to various kinds of the best solar panels and help you choose which one will be best for your home.
If you'd like to start using solar energy but still aren't sure which solar system company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Springfield
Factors that Affect Solar Panel Costs in Springfield
There are many criteria that can play into 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.
When it comes to estimating the cost of a solar panel system in Springfield, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $2,590 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Springfield to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time because of interest. While solar loans make adopting solar energy more accessible for Springfield homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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||$14,936||10.8 years|
|8 kW||$2.64||$14,794||$20,205||10.6 years|
|10 kW||$2.59||$18,130||$25,619||10.4 years|
|12 kW||$2.54||$21,321||$31,178||10.2 years|
|14 kW||$2.49||$24,367||$36,882||9.9 years|
|16 kW||$2.43||$27,268||$42,730||9.7 years|
|18 kW||$2.38||$30,023||$48,724||9.5 years|
|20 kW||$2.33||$32,634||$54,863||9.3 years|
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: If you care about the durability of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
EcoWatch's Springfield, MO Solar Cost FAQs
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.