Solar Panel Cost Guide in Fulton, MO (2024 Update)
- Fulton Solar Installation Cost: $17,086
- 25-Year Savings: $19,446
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Fulton
Let’s have a look at the average cost of solar panels in Fulton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fulton, the average cost of solar panels is 3 per watt.The average solar panel system size in Fulton is around 7.2 kilowatts, meaning a cost of about $17,086 for a solar installation, or $24,433 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Fulton based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a sound investment. The average homeowner in Fulton can save around $17,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Fulton for a customized quote.
Solar savings over time in Fulton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,795 |
| 3 years | $-13,214 |
| 5 years | $-10,633 |
| 7 years | $-8,052 |
| 9 years | $-5,471 |
| 11 years | $-2,889 |
| 13 years | $-308 |
| 15 years | $2,273 |
| 17 years | $4,854 |
| 19 years | $7,435 |
| 21 years | $10,016 |
| 23 years | $12,597 |
| 25 years | $15,178 |
Top Solar Installers in Fulton
Many homeowners opt for a solar panel company since installing solar panels by yourself can be challenging. Another benefit of using a solar company is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you’d like to switch to solar energy but still aren’t certain which solar system 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 Fulton
Factors that Affect Solar Panel Costs in Fulton
Even though the average cost of a solar system in Fulton is $17,086, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
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 uses, the larger your system will likely need to be. You can expect to pay about $3,370 per kilowatt in Fulton.There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Fulton homeowners opt to finance their solar panel systems to offset upfront costs.While solar loans make going solar more accessible for Fulton homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Fulton, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $12,267 | 13.6 years |
| 8 kW | $3.44 | $19,249 | $16,733 | 13.4 years |
| 10 kW | $3.37 | $23,590 | $21,389 | 13.1 years |
| 12 kW | $3.30 | $27,742 | $26,232 | 12.8 years |
| 14 kW | $3.24 | $31,705 | $31,265 | 12.6 years |
| 16 kW | $3.17 | $35,479 | $36,486 | 12.3 years |
| 18 kW | $3.10 | $39,065 | $41,896 | 12.1 years |
| 20 kW | $3.03 | $42,462 | $47,495 | 11.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you’re worried about the durability of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
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 Fulton, MO Solar Cost FAQs
How much does it cost to install solar panels in Fulton?
The average cost of solar panels in Fulton 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 like the type 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 Fulton?
Leasing solar panels can be an attractive choice, as it often 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 maximize your savings.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $899.57 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 needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.