Solar Panel Cost Guide in Dexter, MO (2024 Update)
- Dexter Solar Installation Cost: $16,654
- 25-Year Savings: $17,619
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Dexter
We break down average solar pricing in Dexter.
Although the national average of solar panels is $2.66 per watt, solar panels in Dexter typically cost around 3.The average Dexter homeowner needs a 7.1-kilowatt system, which would cost about $16,654 with the federal tax credit, or $23,815 before the 0 tax credit is applied.
The true cost of your system can be higher or lower than the average in Dexter based on a few factors, such as the type of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $16,000 over 20 years on electricity bills.
To get a free quote from a top solar installation company in Dexter, you can click the button below.
Solar savings over time in Dexter
| Year | Return on Investment |
|---|---|
| 1 years | $-15,364 |
| 3 years | $-12,782 |
| 5 years | $-10,201 |
| 7 years | $-7,620 |
| 9 years | $-5,039 |
| 11 years | $-2,458 |
| 13 years | $123 |
| 15 years | $2,704 |
| 17 years | $5,286 |
| 19 years | $7,867 |
| 21 years | $10,448 |
| 23 years | $13,029 |
| 25 years | $15,610 |
Top Solar Installers in Dexter
Although it's possible to install solar panels on your own, it involves extra effort and knowledge. That's why almost all homeowners choose a solar panel installer. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar company in Dexter, the EcoWatch team has compiled a list of our top suggestions here:
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 Dexter
Factors that Affect Solar Panel Costs in Dexter
There are many factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Dexter to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.However, the interest on solar loans also increases your all-in costs, so it’s important to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you pick will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that provides the products, warranties and services you want and also is within your budget.
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 | $11,132 | 14.2 years |
| 8 kW | $3.44 | $19,249 | $15,220 | 14.0 years |
| 10 kW | $3.37 | $23,590 | $19,497 | 13.7 years |
| 12 kW | $3.30 | $27,742 | $23,963 | 13.4 years |
| 14 kW | $3.24 | $31,705 | $28,617 | 13.1 years |
| 16 kW | $3.17 | $35,479 | $33,460 | 12.9 years |
| 18 kW | $3.10 | $39,065 | $38,492 | 12.6 years |
| 20 kW | $3.03 | $42,462 | $43,712 | 12.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- 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 brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Reputation: Long-running companies likely have a high 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 service, 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 completion timeline.
- 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 such a warranty is one mark of a good company.
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 Dexter, MO Solar Cost FAQs
How much does it cost to install solar panels in Dexter?
The average cost of solar panels in Dexter is about $16,850 for a 5-kW system and $33,700 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Dexter?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase how much your home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Dexter is currently $156,716, so you could be looking at a value of about $6,425 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Dexter is a rewarding investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 house 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.