Solar Panel Cost Guide in Wright City, MO (2024 Update)
- Wright City Solar Installation Cost: $17,029
- 25-Year Savings: $16,199
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Wright City
Let’s take a look at the average cost of solar in Wright City.
The average cost of a solar panel system in Wright City is 3 per watt.The average Wright City homeowner needs a 7.2-kilowatt system, which would cost about $17,029 with the federal tax credit, or $24,351 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what installation company you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average Wright City homeowners see about $15,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Wright City
| Year | Return on Investment |
|---|---|
| 1 years | $-15,738 |
| 3 years | $-13,157 |
| 5 years | $-10,576 |
| 7 years | $-7,995 |
| 9 years | $-5,413 |
| 11 years | $-2,832 |
| 13 years | $-251 |
| 15 years | $2,330 |
| 17 years | $4,911 |
| 19 years | $7,492 |
| 21 years | $10,073 |
| 23 years | $12,654 |
| 25 years | $15,236 |
Top Solar Installers in Wright City
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with a solar company can make your switch to solar power much easier. Some solar installers, especially local ones, can help you take advantage of incentives in Wright City, thereby optimizing your ROI.
If you're searching for a solar company in Wright City, the EcoWatch team has organized 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 Wright City
Factors that Affect Solar Panel Costs in Wright City
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Wright City: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Wright City, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $3,370 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Wright City, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.Though solar loans make adopting solar energy more accessible for Wright City homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $9,622 | 15.1 years |
| 8 kW | $3.44 | $19,249 | $13,207 | 14.8 years |
| 10 kW | $3.37 | $23,590 | $16,980 | 14.5 years |
| 12 kW | $3.30 | $27,742 | $20,942 | 14.2 years |
| 14 kW | $3.24 | $31,705 | $25,093 | 14.0 years |
| 16 kW | $3.17 | $35,479 | $29,433 | 13.7 years |
| 18 kW | $3.10 | $39,065 | $33,961 | 13.4 years |
| 20 kW | $3.03 | $42,462 | $38,678 | 13.1 years |
How to Save on Solar Panels
There are many companies to choose from in Wright City, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the project timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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 previous customers.
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 Wright City, MO Solar Cost FAQs
What is the average cost of installing solar panels in Wright City?
The average cost of solar panels in Wright City is about $16,850 for a 5-kW system and $33,700 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 use.
Can you get solar panels for free in Wright City?
You can’t get solar panels for free in Wright City. However, you may still be able to get 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 Wright City?
Each state has some kind 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 energy bills.
How long do solar panels last in Wright City?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production 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.