Solar Panel Cost Guide in Scott City, MO (2024 Update)
- Scott City Solar Installation Cost: $16,830
- 25-Year Savings: $18,133
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Scott City
Let’s have a look at the average cost of solar in Scott City.
The average cost of a solar system in Scott City is 3 per watt.Since a 7.1-kW system is needed to cover the energy consumption of a typical home in Scott City, the average price of going solar will be about $16,830 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you want, your solar contractor and more.Despite the high initial cost, the average Scott City homeowner can save about $17,000 on their energy bills over 20 years, which is one of the advantages of solar.
To get a free quote from a vetted solar company in Scott City, you can click the button below.
Solar savings over time in Scott City
| Year | Return on Investment |
|---|---|
| 1 years | $-15,540 |
| 3 years | $-12,959 |
| 5 years | $-10,378 |
| 7 years | $-7,797 |
| 9 years | $-5,215 |
| 11 years | $-2,634 |
| 13 years | $-53 |
| 15 years | $2,528 |
| 17 years | $5,109 |
| 19 years | $7,690 |
| 21 years | $10,271 |
| 23 years | $12,853 |
| 25 years | $15,434 |
Top Solar Installers in Scott City
Many homeowners choose to use a solar installer since trying to put up solar panels yourself can be hard. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be best for you.
Working with a licensed solar installer can help you make the most of your investment in solar. 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 Scott City
Factors that Affect Solar Panel Costs in Scott City
There are several criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,370 per kilowatt in Scott City.The brand of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Scott City, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your total costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Scott City, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $11,407 | 14.1 years |
| 8 kW | $3.44 | $19,249 | $15,586 | 13.8 years |
| 10 kW | $3.37 | $23,590 | $19,955 | 13.5 years |
| 12 kW | $3.30 | $27,742 | $24,512 | 13.3 years |
| 14 kW | $3.24 | $31,705 | $29,258 | 13.0 years |
| 16 kW | $3.17 | $35,479 | $34,192 | 12.7 years |
| 18 kW | $3.10 | $39,065 | $39,315 | 12.5 years |
| 20 kW | $3.03 | $42,462 | $44,627 | 12.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion 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 Scott City, MO Solar Cost FAQs
What is the average cost of installing solar panels in Scott City?
This is a hard 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will installing 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 Scott City is currently $155,818, which means you could be looking at a value of about $6,389 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Scott City is a fruitful investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.