Solar Panel Cost Guide in Wildwood, MO (2024 Update)
- Wildwood Solar Installation Cost: $17,060
- 25-Year Savings: $17,747
- Payback Period: 13.8 Years
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Average Cost of Solar Panels in Wildwood
Find out how much it might cost to install solar panels in Wildwood.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wildwood, the typical cost of solar panels is 3 per watt.To account for the typical energy needs of the average home in Wildwood, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs about $17,060, or $24,396 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and the cost of going solar for you may differ based on factors unique to your home and what company you want to go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Wildwood can save around $16,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Wildwood that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wildwood
Year | Return on Investment |
---|---|
1 years | $-15,769 |
3 years | $-13,188 |
5 years | $-10,607 |
7 years | $-8,026 |
9 years | $-5,445 |
11 years | $-2,864 |
13 years | $-283 |
15 years | $2,298 |
17 years | $4,880 |
19 years | $7,461 |
21 years | $10,042 |
23 years | $12,623 |
25 years | $15,204 |
Top Solar Installers in Wildwood
When going solar, many homeowners choose to go with a solar company since overseeing your solar installation yourself can be a challenging project. Another great thing about going with a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
If you're looking for a solar company in Wildwood, we've compiled a list of our top suggestions here:
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 Wildwood
Factors that Affect Solar Panel Costs in Wildwood
Although the average cost of a solar system in Wildwood is $17,060, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,370.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. However, higher efficiency could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Wildwood average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Wildwood, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.Even though solar loans make adopting solar energy more accessible for Wildwood homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Wildwood, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $10,881 | 14.4 years |
8 kW | $3.44 | $19,249 | $14,886 | 14.1 years |
10 kW | $3.37 | $23,590 | $19,079 | 13.8 years |
12 kW | $3.30 | $27,742 | $23,461 | 13.5 years |
14 kW | $3.24 | $31,705 | $28,032 | 13.3 years |
16 kW | $3.17 | $35,479 | $32,791 | 13.0 years |
18 kW | $3.10 | $39,065 | $37,739 | 12.7 years |
20 kW | $3.03 | $42,462 | $42,876 | 12.4 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 choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies carry various brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the completion timeline.
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 Wildwood, MO Solar Cost FAQs
What is the average cost of installing solar panels in Wildwood?
This is a hard question to answer exactly, 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 above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Wildwood?
You can’t get solar panels for free in Wildwood. However, you may still be able to install 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 Wildwood?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future energy 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 should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.