Solar Panel Cost Guide in Sullivan, MO (2024 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.
The actual price you pay can be higher or lower than the average in Sullivan depending on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.Even with the high initial cost, the average Sullivan homeowner can save around $16,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a top solar installer in your area for a custom estimate.
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
DIY solar panel installation is a choice some homeowners opt for, 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. Another upside of going with a solar company is that they can help you optimize your ROI by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most important 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 spend around $3,370 per kilowatt in Sullivan.The type 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 electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Sullivan average.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Sullivan, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: If you care about the endurance of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Sullivan, MO Solar Cost FAQs
What is the average cost of installing solar panels in Sullivan?
The average cost of solar panels in Sullivan 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 kind of solar panels you want, what size system you need and how much energy you use.
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 prefer to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 get 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.
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.