Solar Panel Cost Guide in Sullivan, MO (2025 Update)
- Sullivan Solar Installation Cost: $16,934
- 25-Year Savings: $16,789
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Sullivan
Find out what the average cost of installing solar panels is in Sullivan.
The national average cost of solar panels is $2.66 per watt, but in Sullivan it’s 3 per watt.Using this figure, a typical 7.2-kW system would cost about $16,934 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Sullivan can save around $16,000 on their electricity bills over 20 years.
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Solar savings over time in Sullivan
| Year | Return on Investment |
|---|---|
| 1 years | $-15,643 |
| 3 years | $-13,062 |
| 5 years | $-10,481 |
| 7 years | $-7,900 |
| 9 years | $-5,318 |
| 11 years | $-2,737 |
| 13 years | $-156 |
| 15 years | $2,425 |
| 17 years | $5,006 |
| 19 years | $7,587 |
| 21 years | $10,168 |
| 23 years | $12,750 |
| 25 years | $15,331 |
Top Solar Installers in Sullivan
Trying to put up solar panels by yourself can be a stressful task, which is why using a solar installer is a good option for many homeowners. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Sullivan
Factors that Affect Solar Panel Costs in Sullivan
The cost of installing a solar system in Sullivan can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,370 per kilowatt in Sullivan.There are several different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose 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
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Sullivan 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you select will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Larger national companies typically 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 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 | $10,191 | 14.8 years |
| 8 kW | $3.44 | $19,249 | $13,966 | 14.5 years |
| 10 kW | $3.37 | $23,590 | $17,929 | 14.2 years |
| 12 kW | $3.30 | $27,742 | $22,081 | 13.9 years |
| 14 kW | $3.24 | $31,705 | $26,422 | 13.6 years |
| 16 kW | $3.17 | $35,479 | $30,951 | 13.4 years |
| 18 kW | $3.10 | $39,065 | $35,669 | 13.1 years |
| 20 kW | $3.03 | $42,462 | $40,576 | 12.8 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose greatly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
EcoWatch's Sullivan, MO Solar Cost FAQs
How much does it cost to install solar panels in Sullivan?
This is a tough question to answer precisely, because the cost depends on a variety of 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 higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Sullivan?
You can’t get solar panels for free in Sullivan. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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.