Solar Panel Cost Guide in Wildwood, MO (2023 Update)
- Wildwood Solar Installation Cost: $13,108
- 25-Year Savings: $17,750
- Payback Period: 10.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wildwood
Find out what the average cost of solar panel installation is in Wildwood.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wildwood, the average cost of a solar system is 2.59 per watt. Since a 7.2-kW system is needed to cover the energy needs of a typical home in Wildwood, the average price of going solar will be about $13,108 after claiming the federal solar tax credit of 30%.
The actual price you pay can be above or below the average in Wildwood depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. Many homeowners find adopting solar power is a solid investment. The average homeowner in Wildwood can save about $16,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Wildwood for a quote for your home.
Solar savings over time in Wildwood
| Year | Return on Investment |
|---|---|
| 1 years | $-11,874 |
| 3 years | $-9,405 |
| 5 years | $-6,936 |
| 7 years | $-4,468 |
| 9 years | $-1,999 |
| 11 years | $470 |
| 13 years | $2,938 |
| 15 years | $5,407 |
| 17 years | $7,875 |
| 19 years | $10,344 |
| 21 years | $12,813 |
| 23 years | $15,281 |
| 25 years | $17,750 |
Top Solar Installers in Wildwood
When switching to solar energy, many homeowners prefer to go with a solar company since putting up solar panels yourself can be a challenging project. The expertise that solar installers offer can be useful as well, especially if you don't quite know what brand of solar equipment you need.
There are a number of 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 (coming 2022)
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
The cost of installing a solar system in Wildwood can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Wildwood homeowners opt to finance their solar panel systems to offset upfront costs. 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 lower the total interest paid over time.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Wildwood, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. The company's size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due 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 names.
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 | $14,288 | 11.0 years |
| 8 kW | $2.64 | $14,794 | $19,341 | 10.8 years |
| 10 kW | $2.59 | $18,130 | $24,539 | 10.6 years |
| 12 kW | $2.54 | $21,321 | $29,882 | 10.4 years |
| 14 kW | $2.49 | $24,367 | $35,370 | 10.2 years |
| 16 kW | $2.43 | $27,268 | $41,003 | 10.0 years |
| 18 kW | $2.38 | $30,023 | $46,781 | 9.8 years |
| 20 kW | $2.33 | $32,634 | $52,704 | 9.6 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:
- Reputation: Companies that have been in business for many years likely have a high 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 support, such as part repairs and replacements.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: The type of solar panel you need to install plays a role in which company you should opt for, since different companies offer different panels.
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
How much does it cost to install solar panels in Wildwood?
The average cost of solar panels in Wildwood 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
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'd rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Wildwood?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.