Solar Panel Cost Guide in Kirksville, MO (2024 Update)
- Kirksville Solar Installation Cost: $17,484
- 25-Year Savings: $14,780
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Kirksville
We go over average solar pricing in Kirksville.
In Kirksville, solar panels cost about 3 per watt on average.To cover the typical energy usage of the average home in Kirksville, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,484, or $25,002 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.Despite the high upfront cost, the average Kirksville homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the benefits of solar.
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Solar savings over time in Kirksville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,194 |
| 3 years | $-13,612 |
| 5 years | $-11,031 |
| 7 years | $-8,450 |
| 9 years | $-5,869 |
| 11 years | $-3,288 |
| 13 years | $-707 |
| 15 years | $1,874 |
| 17 years | $4,456 |
| 19 years | $7,037 |
| 21 years | $9,618 |
| 23 years | $12,199 |
| 25 years | $14,780 |
Top Solar Installers in Kirksville
Putting up solar panels by yourself can be a dangerous task, which is why getting a solar installer is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you’d like to go solar but still aren’t certain which solar company to go with, here are our suggestions 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 Kirksville
Factors that Affect Solar Panel Costs in Kirksville
The cost of installing a solar system in Kirksville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,370 per kilowatt in Kirksville.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Kirksville, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Kirksville, which can bring down, or in some cases totally 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 pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can affect your pricing. Kirksville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Kirksville have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $16,238 | 11.9 years |
| 8 kW | $3.44 | $19,249 | $22,028 | 11.7 years |
| 10 kW | $3.37 | $23,590 | $28,007 | 11.4 years |
| 12 kW | $3.30 | $27,742 | $34,174 | 11.2 years |
| 14 kW | $3.24 | $31,705 | $40,530 | 11.0 years |
| 16 kW | $3.17 | $35,479 | $47,075 | 10.7 years |
| 18 kW | $3.10 | $39,065 | $53,809 | 10.5 years |
| 20 kW | $3.03 | $42,462 | $60,731 | 10.3 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable 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 positive reviews from previous customers.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
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 Kirksville, MO Solar Cost FAQs
How much does it cost to install solar panels in Kirksville?
The average cost of solar panels in Kirksville 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Kirksville?
Leasing solar panels can be an attractive choice, because it usually 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 way to go if you want to get the most savings.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Kirksville is currently $140,754, which means you could be looking at a value of about $5,771 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Kirksville is a fruitful investment.
How long do solar panels last in Kirksville?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.