Solar Panel Cost Guide in Springfield, MO (2024 Update)

  • Springfield Solar Installation Cost: $16,620
  • 25-Year Savings: $18,049
  • Payback Period: 13.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Springfield

Find out how much it might cost to go solar in Springfield.

Although the national average of solar panels is $2.66 per watt, solar panels in Springfield typically cost about 3.Using this figure, a typical 7.0-kW system would cost about $16,620 before the 0 federal solar tax credit is applied.

These figures are only estimates, and the cost of going solar for you will differ based on your specific situation and what company you choose to go with.With average savings of about $17,000 on utility bills over 20 years, many homeowners in Springfield find investing in solar can pay off big.

To calculate your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Springfield

Year Return on Investment
1 years $-15,222
3 years $-12,427
5 years $-9,632
7 years $-6,837
9 years $-4,042
11 years $-1,247
13 years $1,548
15 years $4,342
17 years $7,137
19 years $9,932
21 years $12,727
23 years $15,522
25 years $18,317

Top Solar Installers in Springfield

When going solar, many homeowners opt to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.

Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Springfield

Factors that Affect Solar Panel Costs in Springfield

There are many factors 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 installs your solar system.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use 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 brand of solar panels and equipment you get is another factor that will substantially 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 consider 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 falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Springfield to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Springfield, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Springfield are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

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 $11,529 14.0 years
8 kW $3.44 $19,249 $15,750 13.7 years
10 kW $3.37 $23,590 $20,159 13.5 years
12 kW $3.30 $27,742 $24,757 13.2 years
14 kW $3.24 $31,705 $29,543 12.9 years
16 kW $3.17 $35,479 $34,519 12.7 years
18 kW $3.10 $39,065 $39,683 12.4 years
20 kW $3.03 $42,462 $45,035 12.1 years

How to Save on Solar Panels

The solar installer you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:

  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
  • Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
  • Warranty: If you’re worried about the endurance of your solar system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar company. See to it that you understand how the installation process works and the project timeline.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Springfield, MO Solar Cost FAQs

How much does it cost to install solar panels in Springfield?

The average cost of solar panels in Springfield 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 such as the kind of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Springfield?

Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.

Can you sell solar power back to the grid in Springfield?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.

How long do solar panels last in Springfield?

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 how much energy they produce will have decreased significantly after that point. You can decide 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.

Follow us