Cost Of Installing Solar Panels Missouri

How long does it take to earn back your initial investment in solar panels.

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. As of september 2020 the average solar panel cost in saint louis mo is 2 98 w. Solar panel cost data missouri 2020 updated. Department of energy s national renewable energy laboratory s nrel solar maps.

On a cost per watt w basis a solar panel installation in missouri ranges in price from 2 64 to 3 56. Don t worry because after tax breaks and energy savings your first year costs will be considerably less than that. The most significant incentive to install solar panels for homes and businesses is the federal solar tax credit at the end of 2020 the amount of the credit will decrease from 26 to 22 of the cost of the solar installation. September 10 2020 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.

That s cheaper than solar has ever been but it still might seem like a big investment. 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.