Solar Panel Cost Guide in Mountain Grove, MO (2024 Update)
- Mountain Grove Solar Installation Cost: $16,735
- 25-Year Savings: $20,447
- Payback Period: 12.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Mountain Grove
Let’s take a look at the average cost of solar in Mountain Grove.
While the national average of solar panels is $2.66 per watt, solar panels in Mountain Grove generally cost around 3.The average Mountain Grove homeowner needs a 7.1-kilowatt system, which would cost about $16,735 with the federal tax credit, or $23,931 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what company you go with.Despite the large upfront cost, the average Mountain Grove homeowner can save around $19,000 on their power bills over 20 years, which is one of the benefits of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mountain Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-15,313 |
| 3 years | $-12,467 |
| 5 years | $-9,622 |
| 7 years | $-6,776 |
| 9 years | $-3,931 |
| 11 years | $-1,085 |
| 13 years | $1,760 |
| 15 years | $4,606 |
| 17 years | $7,451 |
| 19 years | $10,297 |
| 21 years | $13,142 |
| 23 years | $15,988 |
| 25 years | $18,833 |
Top Solar Installers in Mountain Grove
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make converting to solar power much easier. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you’d like to make the switch to solar but still aren’t certain which solar system company to go with, here are our recommendations for providers in Mountain Grove:
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 Mountain Grove
Factors that Affect Solar Panel Costs in Mountain Grove
Though the average cost of a solar system in Mountain Grove is $16,735, your final cost may be higher or lower than that. There are many factors that can have a significant 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 panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,370.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Mountain Grove to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Mountain Grove, and each can charge varying amounts for labor and equipment.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 cost more. It’s best to do some research and choose a company that offers the products, warranties and services you’re looking for and also is 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 | $13,451 | 13.1 years |
| 8 kW | $3.44 | $19,249 | $18,312 | 12.8 years |
| 10 kW | $3.37 | $23,590 | $23,361 | 12.6 years |
| 12 kW | $3.30 | $27,742 | $28,600 | 12.3 years |
| 14 kW | $3.24 | $31,705 | $34,027 | 12.1 years |
| 16 kW | $3.17 | $35,479 | $39,643 | 11.8 years |
| 18 kW | $3.10 | $39,065 | $45,448 | 11.6 years |
| 20 kW | $3.03 | $42,462 | $51,441 | 11.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar company’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 component breaking or the company going out of business.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: Many companies offer different types 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 respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
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 Mountain Grove, MO Solar Cost FAQs
What is the average cost of installing solar panels in Mountain Grove?
This is a tough question to answer exactly, because the cost depends on many 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 higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Mountain Grove?
Leasing solar panels can be an option if you are unable 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 property 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.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Mountain Grove?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.