Cost Of Installing Solar Panels In Missouri

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.

Cost of installing solar panels in missouri.

The average cost of a solar panel installation in missouri ranges from 13 175 to 17 825. Missouri s solar resources actually exceed those of germany which leads the world in solar energy production on less than. Here s how the numbers work for a 10 kw rooftop solar system in missouri. Department of energy s national renewable energy laboratory s nrel solar maps.

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. National data september 2020. Solar panel cost data missouri 2020 updated. 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.

That s cheaper than solar has ever been but it still might seem like a big investment. 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. Installing a typical 10 kw solar system should start at about 27 000 after the 2020 missouri solar rebates. Average solar panel cost.

On a cost per watt w basis a solar panel installation in missouri ranges in price from 2 64 to 3 56. This is higher than the average price of residential solar power systems across the united states which is currently 2 55 per watt. Installing and using solar energy systems in your home or business can be a very rewarding and earth friendly choice.