Solar Panel Cost Guide in Sullivan, MO (2023 Update)
- Sullivan Solar Installation Cost: $13,017
- 25-Year Savings: $16,786
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Sullivan
We go over average solar pricing in Sullivan.
The average cost of a solar system in Sullivan is 2.59 per watt. Since a 7.2-kW system is needed to cover the energy consumption of a typical home in Sullivan, the average price of going solar will be about $13,017 after claiming the federal solar tax credit of 30%.
The true price you pay can go higher or lower than the average in Sullivan based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Sullivan see about $16,000 in savings on electricity bills over 20 years.
To receive a free estimate from a top solar company in Sullivan, you can click the button below.
Solar savings over time in Sullivan
| Year | Return on Investment |
|---|---|
| 1 years | $-11,825 |
| 3 years | $-9,441 |
| 5 years | $-7,057 |
| 7 years | $-4,672 |
| 9 years | $-2,288 |
| 11 years | $96 |
| 13 years | $2,481 |
| 15 years | $4,865 |
| 17 years | $7,249 |
| 19 years | $9,634 |
| 21 years | $12,018 |
| 23 years | $14,402 |
| 25 years | $16,786 |
Top Solar Installers in Sullivan
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make swapping over to solar power much easier. The payback period on a solar system will vary based on factors like your location and energy needs, but going with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Sullivan
Factors that Affect Solar Panel Costs in Sullivan
For many Sullivan homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Sullivan, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,590. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you're looking 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
If paying for solar panels out of pocket is difficult, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most significant role in the installation 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 promotion can bring their pricing lower to compete with bigger companies.
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 | $13,598 | 11.4 years |
| 8 kW | $2.64 | $14,794 | $18,421 | 11.1 years |
| 10 kW | $2.59 | $18,130 | $23,389 | 10.9 years |
| 12 kW | $2.54 | $21,321 | $28,502 | 10.7 years |
| 14 kW | $2.49 | $24,367 | $33,760 | 10.5 years |
| 16 kW | $2.43 | $27,268 | $39,163 | 10.3 years |
| 18 kW | $2.38 | $30,023 | $44,711 | 10.0 years |
| 20 kW | $2.33 | $32,634 | $50,404 | 9.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Contract: When reading through your solar company's contract, ask questions 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.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have 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 Sullivan, MO Solar Cost FAQs
What is the average cost of installing solar panels in Sullivan?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Sullivan?
You can't get solar panels for free in Sullivan. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Sullivan?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.