Solar Panel Cost Guide in Marshall, MO (2024 Update)
- Marshall Solar Installation Cost: $17,109
- 25-Year Savings: $22,135
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Marshall
We go over average solar pricing in Marshall.
Although the national average of solar panels is $2.66 per watt, solar panels in Marshall generally cost about 3.Using this figure, a typical 7.3-kW system would cost about $17,109 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar system you want, your solar contractor and more.But, once you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $18,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar company in Marshall for a customized estimate.
Solar savings over time in Marshall
| Year | Return on Investment |
|---|---|
| 1 years | $-15,436 |
| 3 years | $-12,089 |
| 5 years | $-8,742 |
| 7 years | $-5,396 |
| 9 years | $-2,049 |
| 11 years | $1,297 |
| 13 years | $4,644 |
| 15 years | $7,991 |
| 17 years | $11,337 |
| 19 years | $14,684 |
| 21 years | $18,031 |
| 23 years | $21,377 |
| 25 years | $24,724 |
Top Solar Installers in Marshall
Installing solar panels on your own can be a stressful project, which is why using a solar installation company is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Marshall
Factors that Affect Solar Panel Costs in Marshall
There are many criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require 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.There are many 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 want to install 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 many years, but they can also be a big investment. That’s why many Marshall homeowners decide to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Marshall, you’ll have many options to choose from, but each comes at various price points for labor and equipment.The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $14,469 | 12.6 years |
| 8 kW | $3.44 | $19,249 | $19,670 | 12.4 years |
| 10 kW | $3.37 | $23,590 | $25,059 | 12.1 years |
| 12 kW | $3.30 | $27,742 | $30,637 | 11.9 years |
| 14 kW | $3.24 | $31,705 | $36,403 | 11.6 years |
| 16 kW | $3.17 | $35,479 | $42,359 | 11.4 years |
| 18 kW | $3.10 | $39,065 | $48,503 | 11.2 years |
| 20 kW | $3.03 | $42,462 | $54,835 | 10.9 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Reputation: Companies that have been in business for many years 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 quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: The kind of solar panel you need to install plays a part in which company you should opt for, since different companies offer different panels.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
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 Marshall, MO Solar Cost FAQs
What is the average cost of installing solar panels in Marshall?
The average cost of solar panels in Marshall 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Marshall?
Leasing solar panels can be an option if you can’t afford to pay upfront or get 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 bang for your buck from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in Marshall?
Even 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 the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had 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.