Solar Panel Cost Guide in Festus, MO (2024 Update)
- Festus Solar Installation Cost: $16,950
- 25-Year Savings: $20,463
- Payback Period: 12.7 Years
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Average Cost of Solar Panels in Festus
We break down average solar pricing in Festus.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Festus, the typical cost of solar panels is 3 per watt.To cover the typical energy usage of the average home in Festus, most homeowners require a 7.2-kilowatt system. Using the figure above, a solar installation costs around $16,950, or $24,238 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you go with.Despite the large initial cost, the average Festus homeowner can save around $18,000 on their energy bills over 20 years, which is one of the perks of solar.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Festus
| Year | Return on Investment |
|---|---|
| 1 years | $-15,660 |
| 3 years | $-13,079 |
| 5 years | $-10,498 |
| 7 years | $-7,916 |
| 9 years | $-5,335 |
| 11 years | $-2,754 |
| 13 years | $-173 |
| 15 years | $2,408 |
| 17 years | $4,989 |
| 19 years | $7,570 |
| 21 years | $10,152 |
| 23 years | $12,733 |
| 25 years | $15,314 |
Top Solar Installers in Festus
Although you can install solar panels by yourself, it takes extra effort and knowledge. For that reason, the majority of homeowners choose a solar panel installer. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're searching for a solar installer in Festus, the EcoWatch team has organized 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 Festus
Factors that Affect Solar Panel Costs in Festus
The cost of installing a solar system in Festus can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,370. The type of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than 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 researching a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Festus homeowners choose to finance their solar panel systems to make paying for solar more affordable.Though solar loans make going solar more accessible for Festus homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Festus are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.50 | $14,720 | $13,245 | 13.2 years |
| 8 kW | $3.44 | $19,249 | $18,037 | 12.9 years |
| 10 kW | $3.37 | $23,590 | $23,018 | 12.7 years |
| 12 kW | $3.30 | $27,742 | $28,188 | 12.4 years |
| 14 kW | $3.24 | $31,705 | $33,547 | 12.1 years |
| 16 kW | $3.17 | $35,479 | $39,094 | 11.9 years |
| 18 kW | $3.10 | $39,065 | $44,830 | 11.6 years |
| 20 kW | $3.03 | $42,462 | $50,754 | 11.4 years |
How to Save on Solar Panels
There are numerous companies available in Festus, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should go with, since different companies offer different panels.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
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 Festus, MO Solar Cost FAQs
What is the average cost of installing solar panels in Festus?
The average cost of solar panels in Festus 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Festus, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.