Solar Panel Cost Guide in Park Hills, MO (2024 Update)
- Park Hills Solar Installation Cost: $16,954
- 25-Year Savings: $19,424
- Payback Period: 13.1 Years
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Average Cost of Solar Panels in Park Hills
Find out what the average cost of solar panel installation is in Park Hills.
The average cost of a solar panel system in Park Hills is 3 per watt.To account for the typical energy usage of the average home in Park Hills, most homeowners require a 7.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,954, or $24,244 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Park Hills depending on several factors, such as the model of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $17,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Park Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-15,663 |
| 3 years | $-13,082 |
| 5 years | $-10,501 |
| 7 years | $-7,920 |
| 9 years | $-5,339 |
| 11 years | $-2,758 |
| 13 years | $-177 |
| 15 years | $2,405 |
| 17 years | $4,986 |
| 19 years | $7,567 |
| 21 years | $10,148 |
| 23 years | $12,729 |
| 25 years | $15,310 |
Top Solar Installers in Park Hills
When going solar, many homeowners choose to go with a solar company since installing solar panels yourself can be a time-consuming project. Solar warranties and repairs are usually included in the cost of installation when you hire a solar company too, which can save you more money over time.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Park Hills
Factors that Affect Solar Panel Costs in Park Hills
The cost of installing a solar system in Park Hills can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $3,370 per kilowatt in Park Hills.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Park Hills, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Park Hills, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Park Hills, and each can charge varying amounts for labor and equipment.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 go with the company that provides 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 | $12,374 | 13.6 years |
| 8 kW | $3.44 | $19,249 | $16,876 | 13.3 years |
| 10 kW | $3.37 | $23,590 | $21,566 | 13.1 years |
| 12 kW | $3.30 | $27,742 | $26,446 | 12.8 years |
| 14 kW | $3.24 | $31,705 | $31,514 | 12.5 years |
| 16 kW | $3.17 | $35,479 | $36,771 | 12.3 years |
| 18 kW | $3.10 | $39,065 | $42,216 | 12.0 years |
| 20 kW | $3.03 | $42,462 | $47,851 | 11.8 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 tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
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 Park Hills, MO Solar Cost FAQs
What is the average cost of installing solar panels in Park Hills?
The average cost of solar panels in Park Hills 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Park Hills?
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 can’t take advantage of 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 financial benefits from going solar.
How will solar panels impact the value of my home?
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 Park Hills is currently $133,947, which means you can expect a value of about $5,492 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Park Hills is a worthwhile investment.
How often do you have to replace solar panels?
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 opt to replace them once you've had them for that long or you can keep using 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.