According to the National Renewable Energy Labs, the cost of solar installation has been dropping for at least the last decade. Almost half of all American homeowners say they have considered it.
There are many advantages to solar power, including reduced utility bills, energy efficiency, and it’s good for the environment. But many people still wonder if the upfront costs are worth it.
If you are among these, the information below will give you an idea of the cost of solar panels in Missouri. It will help you determine if it is the right move for your home and budget.
System Size and Type
The cost of installing solar panels in Missouri will depend on the size system you need. The availability of space on your roof can be a big factor in determining this.
Smaller roofs may require more efficient panels, such as those with monocrystalline cells. These can produce much more electricity than their polycrystalline counterparts, which are much larger and heavier.
How much sunlight your roof gets will impact this as well. Fortunately, Missouri has more than 200 sunny days per year, for an average of almost 5-kilowatt hours per square meter per day.
How much much direct sunlight can reach your roof on a typical day will be a factor as well. A roof that faces the sun can capture more power than one obscured by trees or buildings.
“Soft costs” are non-hardware factors of solar panel system installation. These include administrative costs, sales tax, permitting fees, and supply chain overhead.
Labor costs are a significant portion of this as well. Solar installation entails unique skills and expertise. These costs will vary based on where you live, and the complexity of the installation.
There is good news though. As solar panel system materials have become more affordable, so have labor costs for installation across the board.
A major thing to consider when deciding on solar installation is the money it will save you. This includes energy savings and tax incentives. While reductions in energy bills will depend on how much your home uses and your solar panel system produces, you can accurately estimate tax rebates.
Tax breaks for residential solar installation vary by state. Missouri solar incentives include a 25 cent per watt rebate for systems installed before 2023. This is in addition to utility and federal government rebates for solar panels, which are 26 percent through next year and 22 percent until 2023.
Get a Free Estimate
One easy way to determine the cost of solar panels in Missouri is to get a free estimate. Reach out to a reputable company, such as Blue Raven Solar, that will break down the costs for you. Prominent solar companies in Missouri will also explain all the tax benefits and how you will receive them.
Learn More About the Cost of Solar Panels in Missouri
Now that you have an idea of the cost of solar panels in Missouri, you can decide if they are the right choice for you. Reach out to an installer and get more details today.
We hope you found this information on solar installation helpful. If so, be sure to take a look at some of our other posts on home improvement, business, travel, and many other topics.