In the state of Missouri, you typically get around 200 days with sun, which isn’t shabby, considering the national average is around 200 too.
When you get sunshine for almost two-thirds of the year, it can be a good idea to take advantage of solar energy. This is especially true if you want to reduce your bills and do your part in being eco-conscious!
If you’re thinking about getting solar panels in Missouri, then you also be wondering about the cost of them. Read on to find out the cost of solar panels in Missouri!
How Much Do Solar Panels Cost in Missouri?
First, let’s go with the state averages.
In this state, it can cost anywhere between $10,300 to over $12,600 (after applying the 26% federal tax credit) to install solar panels. this translates to an average cost of around $2.30 to $2.85 per watt.
Next, let’s tackle the factors that can affect pricing so you can get a better idea of what to expect.
The Size of Your Solar Panel System
Obviously, the bigger your system, the more it’ll cost. This is because it’s more labor-intensive to put together and there are more parts and equipment needed.
However, you’ll enjoy a lower cost per watt. This is because the more panels you buy, the more you’ll save, since you can benefit from bulk pricing.
The Types of Panels You Get
For residential purposes, there are 2 types of panels to choose from: monocrystalline and polycrystalline.
Monocrystalline is the better choice since they’re more efficient. However, they’re the pricier option.
For those on a tight budget, polycrystalline is cheaper. However, these panels are less efficient, so you won’t save as much in the long run.
So if you want to try solar and you have room in your budget, we’d suggest going with monocrystalline for a better investment.
The Incentives You Use
We’ve mentioned the federal tax credit above, which can give you a tax break equal to 26% of the cost for solar panel installation. Some states also offer local incentives. For example, Missouri has solar property tax exemption.
Depending on which utility company you’re with and where you live in the state, you might be able to also benefit from some additional incentives.
In addition, there are usually manufacturer’s rebates attached to solar panels. The solar energy company you work with will apply for these rebates on your behalf, so you won’t have to worry about a thing!
Go Green With Solar Panels
Solar panels can be a great way to harness renewable energy and to save some money too.
Now that you know approximately how much solar costs, you should speak with several solar panel companies in Missouri. That way, you’ll be able to get more accurate quotes, as well as select the right company for your needs and budget!
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