Solar Panel Cost Guide in Big Sioux, SD (Feb 2023)
- Big Sioux Solar Installation Cost: $14,739
- 25-Year Savings: $21,009
- Payback Period: 10.3 Years
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Top Solar Installers in Big Sioux
When going solar, many homeowners opt to go with a solar installation company since putting up a solar system yourself can be a difficult project. Companies can also have access to quality options of the best solar panels and help you choose which one will be right for your home.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Big Sioux
Factors that Affect Solar Panel Costs in Big Sioux
The cost of installing a solar system in Big Sioux can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
When it comes to estimating the cost of a solar panel system in Big Sioux, 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 determine by looking at past energy bills. Your overall cost can increase by about $2,390 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Big Sioux to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. Although solar loans make going solar more accessible for Big Sioux homeowners, they can also raise the total you pay for your system, depending on your interest rate. 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 installation company you select will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Big Sioux have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$2.49||$10,440||$13,911||10.7 years|
|8 kW||$2.44||$13,652||$18,815||10.5 years|
|10 kW||$2.39||$16,730||$23,854||10.3 years|
|12 kW||$2.34||$19,674||$29,026||10.1 years|
|14 kW||$2.29||$22,485||$34,332||9.9 years|
|16 kW||$2.25||$25,162||$39,772||9.7 years|
|18 kW||$2.20||$27,705||$45,345||9.5 years|
|20 kW||$2.15||$30,114||$51,053||9.3 years|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which model 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 options before making your decision.
- Installation Process: When making the switch to solar power, it's essential to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project timeline.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
EcoWatch's Big Sioux, SD Solar Cost FAQs
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.