Solar Panel Cost Guide in McPherson, KS (2024 Update)
- McPherson Solar Installation Cost: $17,359
- 25-Year Savings: $27,512
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in McPherson
Find out what the average cost of installing solar panels is in McPherson.
In McPherson, solar panels cost about 3 per watt on average.To cover the typical energy usage of the average home in McPherson, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs around $17,359, or $24,823 before the federal solar tax credit of 0 is applied.
The true price you pay can be above or below the average in McPherson based on several factors, such as the kind of solar panels you choose and the solar contractor you hire.With average savings of about $21,000 on energy bills over 20 years, many homeowners in McPherson find going solar has a decent ROI.
Click the button below to get connected to a reputable solar panel company in McPherson for a custom estimate.
Solar savings over time in McPherson
| Year | Return on Investment |
|---|---|
| 1 years | $-16,015 |
| 3 years | $-13,326 |
| 5 years | $-10,637 |
| 7 years | $-7,948 |
| 9 years | $-5,259 |
| 11 years | $-2,570 |
| 13 years | $118 |
| 15 years | $2,807 |
| 17 years | $5,496 |
| 19 years | $8,185 |
| 21 years | $10,874 |
| 23 years | $13,562 |
| 25 years | $16,251 |
Top Solar Installers in McPherson
When switching to solar energy, many homeowners prefer to go with a solar company since putting up solar panels yourself can be a difficult project. The expertise that solar installers provide can be useful as well, especially if you don’t quite know what brand of solar equipment you need.
If you’d like to switch to solar energy but still aren’t certain which solar panel installer to go with, here are our recommendations for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 McPherson
Factors that Affect Solar Panel Costs in McPherson
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in McPherson: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like McPherson, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a popular option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also increases your overall costs, so it’s vital to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.47 | $14,589 | $18,521 | 11.0 years |
| 8 kW | $3.41 | $19,078 | $25,069 | 10.8 years |
| 10 kW | $3.34 | $23,380 | $31,804 | 10.6 years |
| 12 kW | $3.27 | $27,495 | $38,726 | 10.4 years |
| 14 kW | $3.21 | $31,423 | $45,835 | 10.2 years |
| 16 kW | $3.14 | $35,164 | $53,131 | 10.0 years |
| 18 kW | $3.07 | $38,717 | $60,614 | 9.7 years |
| 20 kW | $3.01 | $42,084 | $68,284 | 9.5 years |
How to Save on Solar Panels
The solar company you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 McPherson, KS Solar Cost FAQs
How much does it cost to install solar panels in McPherson?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $16,700 for a 5-kW system and $33,400 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,103.68 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.