Solar Panel Cost Guide in Ste Genevieve, MO (2023 Update)
- Ste Genevieve Solar Installation Cost: $13,054
- 25-Year Savings: $20,701
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ste Genevieve
Here's how much it might cost to make the switch to solar in Ste Genevieve.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ste Genevieve, the average cost of a solar system is 2.59 per watt. The average Ste Genevieve homeowner needs a 7.2-kilowatt system, which would cost about $13,054 with the federal tax credit, or $18,667 before the 30% tax credit is applied.
How much you pay can be above or below the average in Ste Genevieve depending on a few factors, such as the model of solar panels you choose and the solar company you hire. Even with the significant initial cost, the average Ste Genevieve homeowner can save about $18,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar company in Ste Genevieve that can help you get a more accurate cost estimate for your home.
Solar savings over time in Ste Genevieve
| Year | Return on Investment |
|---|---|
| 1 years | $-11,703 |
| 3 years | $-9,003 |
| 5 years | $-6,303 |
| 7 years | $-3,602 |
| 9 years | $-902 |
| 11 years | $1,798 |
| 13 years | $4,499 |
| 15 years | $7,199 |
| 17 years | $9,899 |
| 19 years | $12,600 |
| 21 years | $15,300 |
| 23 years | $18,000 |
| 25 years | $20,701 |
Top Solar Installers in Ste Genevieve
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with an installer can make switching to solar power much easier. Companies can also offer access to quality options of the best solar panels and help you pick which one will be right for your home.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Ste Genevieve
Factors that Affect Solar Panel Costs in Ste Genevieve
The cost of installing a solar system in Ste Genevieve can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. There are many 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 much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Ste Genevieve provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also adds to your all-in costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies operating in Ste Genevieve, and each can charge different amounts for labor and equipment. Additionally, some companies in Ste Genevieve have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $16,819 | 10.1 years |
| 8 kW | $2.64 | $14,794 | $22,715 | 9.9 years |
| 10 kW | $2.59 | $18,130 | $28,756 | 9.7 years |
| 12 kW | $2.54 | $21,321 | $34,943 | 9.5 years |
| 14 kW | $2.49 | $24,367 | $41,274 | 9.3 years |
| 16 kW | $2.43 | $27,268 | $47,751 | 9.1 years |
| 18 kW | $2.38 | $30,023 | $54,372 | 8.9 years |
| 20 kW | $2.33 | $32,634 | $61,139 | 8.7 years |
How to Save on Solar Panels
There are numerous companies available in Ste Genevieve, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before making your decision.
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 Ste Genevieve, MO Solar Cost FAQs
What is the average cost of installing solar panels in Ste Genevieve?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Ste Genevieve?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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 savings from going solar.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ste Genevieve is currently $160,700, so you can look forward to a value of about $6,589 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Ste Genevieve is a fruitful investment.
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 buy 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.