Solar Panel Cost Guide in Monett, MO (2024 Update)
- Monett Solar Installation Cost: $16,493
- 25-Year Savings: $22,105
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Monett
We go over average solar pricing in Monett.
The average cost of a solar panel system in Monett is 3 per watt.The average Monett homeowner needs a 7.0-kilowatt system, which would cost about $16,493 with the federal tax credit, or $23,585 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Monett homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $20,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Monett
| Year | Return on Investment |
|---|---|
| 1 years | $-14,819 |
| 3 years | $-11,472 |
| 5 years | $-8,125 |
| 7 years | $-4,778 |
| 9 years | $-1,431 |
| 11 years | $1,917 |
| 13 years | $5,264 |
| 15 years | $8,611 |
| 17 years | $11,958 |
| 19 years | $15,306 |
| 21 years | $18,653 |
| 23 years | $22,000 |
| 25 years | $25,347 |
Top Solar Installers in Monett
Trying to put up 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. Some solar companies, especially local ones, can help you make the most of incentives in Monett, therefore optimizing your ROI.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Monett:
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 Monett
Factors that Affect Solar Panel Costs in Monett
The cost of installing a solar system in Monett can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Monett, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $3,370 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular option because they cut back 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 overall costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Monett is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services at different costs.Some companies 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 at a higher cost. It’s best to do some research and decide on the 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 | $15,127 | 12.3 years |
| 8 kW | $3.44 | $19,249 | $20,547 | 12.1 years |
| 10 kW | $3.37 | $23,590 | $26,156 | 11.9 years |
| 12 kW | $3.30 | $27,742 | $31,953 | 11.6 years |
| 14 kW | $3.24 | $31,705 | $37,939 | 11.4 years |
| 16 kW | $3.17 | $35,479 | $44,114 | 11.1 years |
| 18 kW | $3.10 | $39,065 | $50,478 | 10.9 years |
| 20 kW | $3.03 | $42,462 | $57,030 | 10.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
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 Monett, MO Solar Cost FAQs
What is the average cost of installing solar panels in Monett?
The average cost of solar panels in Monett 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 stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Monett?
You can’t get solar panels for free in Monett. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Monett?
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 decide to 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.