Solar Panel Cost Guide in Piney, MO (2024 Update)
- Piney Solar Installation Cost: $16,721
- 25-Year Savings: $19,881
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Piney
We break down average solar pricing in Piney.
The national average cost of solar panels is $2.66 per watt, but in Piney it’s 3 per watt.The average Piney homeowner needs a 7.1-kilowatt system, which would cost about $16,721 with the federal tax credit, or $23,911 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Piney homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $18,000 on utility bills over 20 years, many homeowners in Piney find installing solar panels has a decent ROI.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in Piney
| Year | Return on Investment |
|---|---|
| 1 years | $-15,274 |
| 3 years | $-12,381 |
| 5 years | $-9,487 |
| 7 years | $-6,594 |
| 9 years | $-3,700 |
| 11 years | $-807 |
| 13 years | $2,086 |
| 15 years | $4,980 |
| 17 years | $7,873 |
| 19 years | $10,766 |
| 21 years | $13,660 |
| 23 years | $16,553 |
| 25 years | $19,447 |
Top Solar Installers in Piney
Although you can install solar panels yourself, it takes extra energy and know-how. That's one of the reasons most people choose a solar panel installer. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers nearby:
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 Piney
Factors that Affect Solar Panel Costs in Piney
The cost of installing a solar system in Piney can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Piney, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Piney to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, 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 panel installation company you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.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 offers the products, warranties and services you’re looking for and also fit into 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 | $12,987 | 13.3 years |
| 8 kW | $3.44 | $19,249 | $17,693 | 13.0 years |
| 10 kW | $3.37 | $23,590 | $22,588 | 12.8 years |
| 12 kW | $3.30 | $27,742 | $27,672 | 12.5 years |
| 14 kW | $3.24 | $31,705 | $32,944 | 12.3 years |
| 16 kW | $3.17 | $35,479 | $38,406 | 12.0 years |
| 18 kW | $3.10 | $39,065 | $44,056 | 11.7 years |
| 20 kW | $3.03 | $42,462 | $49,894 | 11.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in Piney, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like 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 Piney, MO Solar Cost FAQs
How much does it cost to install solar panels in Piney?
The average cost of solar panels in Piney 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 kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase the value of your 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 Piney is currently $184,059, which means you can look forward to a value of about $7,546 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Piney is a fruitful investment.
How long do solar panels last in Piney?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having 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.