Solar Panel Cost Guide in Jennings, MO (2024 Update)
- Jennings Solar Installation Cost: $17,060
- 25-Year Savings: $18,719
- Payback Period: 13.4 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Jennings
See how much it might cost to make the switch to solar in Jennings.
While the national average of solar panels is $2.66 per watt, solar panels in Jennings generally cost about 3.Because a 7.2-kW system is needed to cover the energy costs of a typical home in Jennings, the average price of going solar will be about $17,060 after claiming the federal solar tax credit of 0.
These figures are just averages, and how much solar costs for you will most likely differ based on the amount of energy your home requires and what company you go with.With average savings of about $17,000 on energy bills over 20 years, many homeowners in Jennings find investing in solar can pay off big.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Jennings
Year | Return on Investment |
---|---|
1 years | $-15,769 |
3 years | $-13,188 |
5 years | $-10,607 |
7 years | $-8,026 |
9 years | $-5,445 |
11 years | $-2,864 |
13 years | $-283 |
15 years | $2,298 |
17 years | $4,880 |
19 years | $7,461 |
21 years | $10,042 |
23 years | $12,623 |
25 years | $15,204 |
Top Solar Installers in Jennings
When going solar, many homeowners decide to go with a solar company since overseeing your solar installation yourself can be a challenging project. Also, if you’d like to maximize your investment in solar power, using a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
If you're looking for a solar installer in Jennings, 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 Jennings
Factors that Affect Solar Panel Costs in Jennings
Although the average cost of a solar system in Jennings is $17,060, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,370.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Jennings, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you select will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Companies that 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 with an above-average cost. It’s best to do some research and choose a company that offers the products, warranties and services you’re looking for and also fits 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 | $11,688 | 13.9 years |
8 kW | $3.44 | $19,249 | $15,962 | 13.7 years |
10 kW | $3.37 | $23,590 | $20,424 | 13.4 years |
12 kW | $3.30 | $27,742 | $25,075 | 13.1 years |
14 kW | $3.24 | $31,705 | $29,915 | 12.9 years |
16 kW | $3.17 | $35,479 | $34,943 | 12.6 years |
18 kW | $3.10 | $39,065 | $40,160 | 12.3 years |
20 kW | $3.03 | $42,462 | $45,566 | 12.1 years |
How to Save on Solar Panels
Since the kind of solar panels and the company 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:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
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 Jennings, MO Solar Cost FAQs
How much does it cost to install solar panels in Jennings?
This is a difficult question to answer exactly, because the cost depends on a few different 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 above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Jennings?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Jennings have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
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 the amount of sunlight your roof gets. You can 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 get 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.