Solar Panel Cost Guide in Parkville, MO (2024 Update)
- Parkville Solar Installation Cost: $17,138
- 25-Year Savings: $23,707
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Parkville
Let’s have a look at the average cost of solar panels in Parkville.
The national average cost of solar panels is $2.66 per watt, but in Parkville it’s 3 per watt.Using this figure, a typical 7.3-kW system would cost about $17,138 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy usage and what installation company you go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on electricity bills.
You can click the button below to get connected with a top solar installer in Parkville for a quote for your home.
Solar savings over time in Parkville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,465 |
| 3 years | $-12,118 |
| 5 years | $-8,771 |
| 7 years | $-5,425 |
| 9 years | $-2,078 |
| 11 years | $1,269 |
| 13 years | $4,615 |
| 15 years | $7,962 |
| 17 years | $11,309 |
| 19 years | $14,655 |
| 21 years | $18,002 |
| 23 years | $21,348 |
| 25 years | $24,695 |
Top Solar Installers in Parkville
When making the switch to solar, many homeowners choose to go with a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Plus, if you’re unsure what brand of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar company in Parkville, the EcoWatch team has compiled a list of our top suggestions here:
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 Parkville
Factors that Affect Solar Panel Costs in Parkville
For many Parkville homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Parkville, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need 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 a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Parkville homeowners choose to finance their solar panel systems to make paying for solar more affordable.Though solar loans make going solar more accessible for Parkville homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Parkville, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $15,737 | 12.1 years |
| 8 kW | $3.44 | $19,249 | $21,360 | 11.9 years |
| 10 kW | $3.37 | $23,590 | $27,172 | 11.6 years |
| 12 kW | $3.30 | $27,742 | $33,173 | 11.4 years |
| 14 kW | $3.24 | $31,705 | $39,362 | 11.2 years |
| 16 kW | $3.17 | $35,479 | $45,740 | 10.9 years |
| 18 kW | $3.10 | $39,065 | $52,307 | 10.7 years |
| 20 kW | $3.03 | $42,462 | $59,062 | 10.5 years |
How to Save on Solar Panels
There are many companies available in Parkville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable 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.
- Contract: Even though reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Parkville, MO Solar Cost FAQs
How much does it cost to install solar panels in Parkville?
The average cost of solar panels in Parkville 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Parkville?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.