Home solar panel installation cost near missouri 2021
Discover the affordable cost of installing home solar panels in Missouri in 2021, and start saving on your electricity bills while reducing your carbon footprint.
Home Solar Panel Installation Cost Near Missouri 2021
Solar energy has gained significant popularity in recent years as an environmentally-friendly and cost-effective alternative to traditional energy sources. With increasing concerns about climate change and rising electricity costs, many homeowners in Missouri are considering installing solar panels on their properties. However, one crucial factor that often determines whether or not homeowners move forward with solar installation is the cost.
So, what is the cost of solar panel installation near Missouri in 2021? The average cost of installing solar panels on a residential property can vary depending on a range of factors, including the size of the system, the type of panels used, and any additional equipment or services required.
On average, homeowners in Missouri can expect to pay between $11,000 and $21,000 for a solar panel installation. This price range takes into account both the equipment and the installation costs. The average cost per watt in Missouri is about $2.75. To put things into perspective, a typical residential solar panel system might require around 5,000 watts, resulting in an average upfront cost of $13,750.
However, it's important to note that the actual cost of solar panel installation can vary significantly based on individual circumstances. Factors such as the size of the property, the amount of sunlight it receives, and the local regulations and incentives can all impact the final cost.
Fortunately, there are several federal and state incentives available to help offset the cost of solar panel installation in Missouri. The federal solar investment tax credit (ITC) allows homeowners to claim a tax credit of 26% of the total cost of their solar installation. This credit can significantly reduce the upfront cost and make solar energy more affordable for homeowners.
Additionally, Missouri offers several incentives and rebates to promote the use of solar energy. The Missouri Solar Rebate Program provides rebates for residential, commercial, and non-profit solar installations, allowing homeowners to receive a portion of their installation cost back. The exact rebate amount depends on the size and capacity of the system.
Some utilities in Missouri also offer net metering programs, which allow homeowners to earn credits for excess energy generated by their solar panels. These credits can offset the cost of the electricity they consume from the grid during times when their solar panels aren't producing enough power, such as at night or during cloudy days.
When considering the cost of solar panel installation, homeowners should also keep in mind the long-term savings associated with solar energy. Once installed, solar panels can significantly reduce or even eliminate monthly electricity bills. Over time, the savings can add up and make the initial investment in solar panels pay off.
Furthermore, solar energy is a clean, renewable source of power that helps reduce greenhouse gas emissions and decrease dependence on fossil fuels. By installing solar panels, homeowners not only benefit financially but also contribute to a more sustainable and environmentally-friendly future.
To determine the exact cost of solar panel installation for your home in Missouri, it is advisable to contact local solar installers or obtain multiple quotes. Each property is unique, and a professional assessment is necessary to calculate the specific requirements, costs, and potential savings associated with installing solar panels.
In conclusion, the cost of solar panel installation near Missouri in 2021 can range between $11,000 and $21,000 on average. While this may seem like a considerable upfront investment, federal and state incentives, such as the solar investment tax credit and Missouri Solar Rebate Program, can help reduce the costs. Additionally, the long-term savings and environmental benefits make solar energy a smart choice for homeowners looking to reduce their carbon footprint and save money on their electricity bills.