Solar Panel Cost Guide in El Dorado Springs, MO (2024 Update)
- El Dorado Springs Solar Installation Cost: $16,649
- 25-Year Savings: $23,073
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in El Dorado Springs
Find out what the average cost of installing solar panels is in El Dorado Springs.
The national average cost of solar panels is $2.66 per watt, but in El Dorado Springs it’s 3 per watt.To cover the typical energy usage of the average home in El Dorado Springs, most homeowners require a 7.1-kilowatt system. Using the figure above, a solar installation costs about $16,649, or $23,808 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of El Dorado Springs homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on energy bills.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in El Dorado Springs
| Year | Return on Investment |
|---|---|
| 1 years | $-15,241 |
| 3 years | $-12,425 |
| 5 years | $-9,609 |
| 7 years | $-6,793 |
| 9 years | $-3,977 |
| 11 years | $-1,161 |
| 13 years | $1,655 |
| 15 years | $4,471 |
| 17 years | $7,287 |
| 19 years | $10,103 |
| 21 years | $12,919 |
| 23 years | $15,735 |
| 25 years | $18,551 |
Top Solar Installers in El Dorado Springs
When switching to solar energy, many homeowners choose to use a solar installer since installing a solar system yourself can be a difficult project. Some solar companies, particularly local ones, can help you make the most of incentives in El Dorado Springs, therefore optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 El Dorado Springs
Factors that Affect Solar Panel Costs in El Dorado Springs
The cost of installing a solar system in El Dorado Springs can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in El Dorado Springs, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $3,370 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose 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
Most solar companies in El Dorado Springs provide solar loans, which reduce the initial cost of installing solar.Though solar loans make switching to solar energy more accessible for El Dorado Springs homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you choose will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and decide on the company that offers the products, warranties and services you’re looking for 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 | $15,772 | 12.1 years |
| 8 kW | $3.44 | $19,249 | $21,407 | 11.8 years |
| 10 kW | $3.37 | $23,590 | $27,230 | 11.6 years |
| 12 kW | $3.30 | $27,742 | $33,243 | 11.4 years |
| 14 kW | $3.24 | $31,705 | $39,444 | 11.1 years |
| 16 kW | $3.17 | $35,479 | $45,833 | 10.9 years |
| 18 kW | $3.10 | $39,065 | $52,412 | 10.7 years |
| 20 kW | $3.03 | $42,462 | $59,179 | 10.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Warranty: If you’re concerned about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 El Dorado Springs, MO Solar Cost FAQs
What is the average cost of installing solar panels in El Dorado Springs?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $16,850 for a 5-kW system and $33,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in El Dorado Springs?
Solar panels aren’t free in El Dorado Springs, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in El Dorado Springs is currently $148,409, which means you could be looking at a value of about $6,085 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in El Dorado Springs is a fruitful investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.