Solar Panel Cost Guide in Valley Park, MO (2023 Update)
- Valley Park Solar Installation Cost: $13,108
- 25-Year Savings: $18,081
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Valley Park
Find out what the average cost of solar panel installation is in Valley Park.
Although the national average of solar panels is $2.66 per watt, solar panels in Valley Park generally cost about 2.59. To cover the typical energy needs of the average home in Valley Park, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $13,108, or $18,744 before the federal solar tax credit of 30% is applied.
The actual price you pay can be higher or lower than the average in Valley Park based on several factors, such as the model of solar panels you choose and the solar company you hire. Despite the large initial cost, the average Valley Park homeowner can save about $16,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar installer in Valley Park that can help you get a more accurate cost estimate for your home.
Solar savings over time in Valley Park
| Year | Return on Investment |
|---|---|
| 1 years | $-11,860 |
| 3 years | $-9,365 |
| 5 years | $-6,870 |
| 7 years | $-4,375 |
| 9 years | $-1,880 |
| 11 years | $615 |
| 13 years | $3,110 |
| 15 years | $5,605 |
| 17 years | $8,100 |
| 19 years | $10,595 |
| 21 years | $13,091 |
| 23 years | $15,586 |
| 25 years | $18,081 |
Top Solar Installers in Valley Park
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be challenging. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy usage, but going with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.
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 Valley Park
Factors that Affect Solar Panel Costs in Valley Park
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Valley Park: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Valley Park, 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 figure out by looking at past power bills. Your overall cost can increase by around $2,590 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Additionally, 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
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Valley Park, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. Even though solar loans make adopting solar energy more accessible for Valley Park homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Companies that 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 decide on the company that provides 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 | $14,563 | 10.9 years |
| 8 kW | $2.64 | $14,794 | $19,707 | 10.7 years |
| 10 kW | $2.59 | $18,130 | $24,996 | 10.5 years |
| 12 kW | $2.54 | $21,321 | $30,431 | 10.3 years |
| 14 kW | $2.49 | $24,367 | $36,010 | 10.1 years |
| 16 kW | $2.43 | $27,268 | $41,735 | 9.9 years |
| 18 kW | $2.38 | $30,023 | $47,604 | 9.7 years |
| 20 kW | $2.33 | $32,634 | $53,619 | 9.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: If you're concerned about the durability of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're not 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.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.
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 Valley Park, MO Solar Cost FAQs
What is the average cost of installing solar panels in Valley Park?
The average cost of solar panels in Valley Park is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Valley Park?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.