Solar Panel Cost Guide in University City, MO (Nov 2022)

  • University City Solar Installation Cost: $13,108
  • 25-Year Savings: $18,723
  • Payback Period: 10.3 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in University City

Find out what the average cost of a solar system is in University City.

The national average cost of solar panels is $2.66 per watt, but in University City it's $3 per watt. The average University City homeowner needs a 7.2-kilowatt system, which would cost about $13,108, or $9,700 after the federal solar tax credit of 30% is applied.

The true price you pay can be above or below the average in University City depending on several factors, such as the type of solar panels you choose and the solar installer you hire. For most homeowners, the upfront investment in solar is worth paying. On average University City homeowners see about $17,000 in savings on energy bills over 20 years.

You can click the button below to get connected with a vetted solar installer in University City for a quote for your home.

Solar savings over time in University City

Year Return on Investment
1 years $-11,835
3 years $-9,288
5 years $-6,742
7 years $-4,195
9 years $-1,649
11 years $898
13 years $3,444
15 years $5,990
17 years $8,537
19 years $11,083
21 years $13,630
23 years $16,176
25 years $18,723

Top Solar Installers in University City

Many homeowners opt for a solar installer since installing solar panels on your own can be time-consuming. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.

If you're on the hunt for a solar company in University City, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 University City

Factors that Affect Solar Panel Costs in University City

For many University City homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in University City, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of solar panels in University City, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,590 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in University City, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in University City is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, you'll have many options for solar installers that offer a range of services for different budgets. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also is within your budget.

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 $15,095 10.7 years
8 kW $2.64 $14,794 $20,417 10.5 years
10 kW $2.59 $18,130 $25,884 10.3 years
12 kW $2.54 $21,321 $31,496 10.1 years
14 kW $2.49 $24,367 $37,253 9.9 years
16 kW $2.43 $27,268 $43,155 9.7 years
18 kW $2.38 $30,023 $49,202 9.5 years
20 kW $2.33 $32,634 $55,394 9.3 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Warranty: If you're concerned about the durability of your solar panels, verifying your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 University City, MO Solar Cost FAQs

What is the average cost of installing solar panels in University City?

The average cost of solar panels in University City is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important thing to think about when buying solar panels?

The upfront cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

Does University City have a net metering program?

The majority of 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 utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How many solar panels do I need to power 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 install 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.

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