Solar Panel Cost Guide in Sherrill, MO (2024 Update)
- Sherrill Solar Installation Cost: $16,721
- 25-Year Savings: $18,652
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Sherrill
We break down average solar pricing in Sherrill.
In Sherrill, solar panels cost about 3 per watt on average.To cover the typical energy usage of the average home in Sherrill, most homeowners require a 7.1-kilowatt system. Using the figure above, a solar installation costs about $16,721, or $23,911 before the federal solar tax credit of 0 is applied.
The actual price you pay can be higher or lower than the average in Sherrill depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.With average savings of about $18,000 on power bills over 20 years, many homeowners in Sherrill find going solar has a decent ROI.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Sherrill
| Year | Return on Investment |
|---|---|
| 1 years | $-15,349 |
| 3 years | $-12,606 |
| 5 years | $-9,863 |
| 7 years | $-7,120 |
| 9 years | $-4,376 |
| 11 years | $-1,633 |
| 13 years | $1,110 |
| 15 years | $3,853 |
| 17 years | $6,596 |
| 19 years | $9,339 |
| 21 years | $12,082 |
| 23 years | $14,826 |
| 25 years | $17,569 |
Top Solar Installers in Sherrill
When making the switch to solar, many homeowners opt to hire a solar installation company since handling can be a challenging project. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
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 Sherrill
Factors that Affect Solar Panel Costs in Sherrill
For many Sherrill homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Sherrill, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation 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 kind of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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 for a solar system that’s in your budget.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Sherrill is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different costs.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $11,946 | 13.8 years |
| 8 kW | $3.44 | $19,249 | $16,306 | 13.5 years |
| 10 kW | $3.37 | $23,590 | $20,854 | 13.3 years |
| 12 kW | $3.30 | $27,742 | $25,591 | 13.0 years |
| 14 kW | $3.24 | $31,705 | $30,517 | 12.7 years |
| 16 kW | $3.17 | $35,479 | $35,631 | 12.5 years |
| 18 kW | $3.10 | $39,065 | $40,934 | 12.2 years |
| 20 kW | $3.03 | $42,462 | $46,426 | 11.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you care about the durability of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
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 Sherrill, MO Solar Cost FAQs
What is the average cost of installing solar panels in Sherrill?
The average cost of solar panels in Sherrill 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost 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.
Does Sherrill have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.