Cost Of Installing Solar Panels Missouri

Installing a typical 10 kw solar system should start at about 27 000 after the 2020 missouri solar rebates.

Cost of installing solar panels missouri.

Department of energy s national renewable energy laboratory s nrel solar maps. With energy prices on the rise this may be the perfect time. Missouri solar power incentives tax breaks and rebates. Missouri s solar resources actually exceed those of germany which leads the world in solar energy production on less than.

Installing a solar panel system costs an average of 23 597 and dropping most homeowners pay between 16 532 and 30 820 expect to pay 2 50 to 3 50 per watt with most systems in the 3kw to 10kw range until the end of 2020 you can deduct 26 of the installation costs with the federal investment tax credit itc. The average solar panel payback period is 7 to 12 years and solar energy saves 600 to 2 000 per year on electricity costs. That s cheaper than solar has ever been but it still might seem like a big investment. Most solar panels last for 50 years have a 25 year warranty and start generating a return on investment after 8.

This is lower than the average price of residential solar power systems across the united states which is currently 2 60 per watt. Solar panel cost data missouri 2020 updated. The average cost of a solar panel installation in missouri ranges from 13 175 to 17 825. Here s how the numbers work for a 10 kw rooftop solar system in missouri.

National data september 2020. There are no state level tax credits for solar power in missouri but the 30 federal tax credit applies. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 60 per watt. The average cost to install solar panels is from 10 626 to 26 460 after tax credit for a 6kw to 12kw system to power an entire house.

The main incentives to switch to solar in missouri are the 500 kw rebate and the property tax exemption which ease up your cash flow during both pv system installation and ownership. Average solar panel cost. There is also a favorable net metering policy. As of sep 2020 the average cost of solar panels in missouri is 2 59 per watt making a typical 6000 watt 6 kw solar system 11 477 after claiming the 26 federal solar tax credit now available.