Solar Panel Cost Guide in Eldon, MO (2024 Update)
- Eldon Solar Installation Cost: $16,887
- 25-Year Savings: $18,663
- Payback Period: 13.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Eldon
Let’s have a look at the average cost of solar panels in Eldon.
While the national average of solar panels is $2.66 per watt, solar panels in Eldon generally cost about 3.Using this figure, a typical 7.2-kW system would cost about $16,887 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with.Many homeowners find installing a solar system is a solid investment. The average homeowner in Eldon can save about $18,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar company in Eldon that can help you get a more accurate cost estimate for your home.
Solar savings over time in Eldon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,597 |
| 3 years | $-13,015 |
| 5 years | $-10,434 |
| 7 years | $-7,853 |
| 9 years | $-5,272 |
| 11 years | $-2,691 |
| 13 years | $-110 |
| 15 years | $2,471 |
| 17 years | $5,053 |
| 19 years | $7,634 |
| 21 years | $10,215 |
| 23 years | $12,796 |
| 25 years | $15,377 |
Top Solar Installers in Eldon
Many homeowners choose to hire a solar panel company since trying to install solar panels yourself can be a labor-intensive endeavor. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
If you’d like to start using solar energy but still aren’t certain which solar company to go with, here are our recommendations for providers in Eldon:
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 Eldon
Factors that Affect Solar Panel Costs in Eldon
The cost of installing a solar system in Eldon can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,370 per kilowatt in Eldon.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Eldon, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can impact your pricing. Eldon’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — 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 go with the company that provides the products, warranties and services you want and also fit into 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 | $11,800 | 13.9 years |
| 8 kW | $3.44 | $19,249 | $16,111 | 13.6 years |
| 10 kW | $3.37 | $23,590 | $20,611 | 13.3 years |
| 12 kW | $3.30 | $27,742 | $25,299 | 13.1 years |
| 14 kW | $3.24 | $31,705 | $30,176 | 12.8 years |
| 16 kW | $3.17 | $35,479 | $35,242 | 12.5 years |
| 18 kW | $3.10 | $39,065 | $40,496 | 12.3 years |
| 20 kW | $3.03 | $42,462 | $45,939 | 12.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The model of solar panel you need plays a role in which company you should choose, since different companies have access to different panels.
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project completion timeline rebates and warranties.
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 Eldon, MO Solar Cost FAQs
How much does it cost to install solar panels in Eldon?
The average cost of solar panels in Eldon 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 things such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Eldon?
A solar panel system isn’t free in Eldon, 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 can further reduce the cost.
How will installing solar panels impact my property value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Eldon?
On average, solar panels can last 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.