Cost Of Installing Solar Panels In 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 in missouri.

National data september 2020. Installing and using solar energy systems in your home or business can be a very rewarding and earth friendly choice. Department of energy s national renewable energy laboratory s nrel solar maps. Missouri has more than 200 sunny days per year for an average of 4 5 to 5 0 kilowatt hour per square meter per day according to the u s.

With energy prices on the rise this may be the perfect time. That s cheaper than solar has ever been but it still might seem like a big investment. However solarreviews handles more than 1 000 quote requests per day and the current average price we see on our marketplace is 2 64 per watt. 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.

On a cost per watt w basis a solar panel installation in missouri ranges in price from 2 64 to 3 56. Since solar power is a relatively new industry in missouri you will need to make sure the system you buy is a quality system and that you or a hired installer are properly prepared to perform a quality installation. Average solar panel cost. Solar panel cost data missouri 2020 updated.

The most recent official data from the doe funded lawrence berkeley labs published in september 2019 found that the median cost of residential solar panels is 3 70 watt. 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. Missouri s solar resources actually exceed those of germany which leads the world in solar energy production on less than.