Cost Of Installing Solar Panels Missouri

Solar incentives rebates and tax credits available in missouri in 2020.

Cost of installing solar panels missouri. How long does it take to earn back your initial investment in solar panels. 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. Missouri s solar resources actually exceed those of germany which leads the world in solar energy production on less than. The average cost of a solar panel installation in missouri ranges from 13 175 to 17 825.

Solar panel cost data missouri 2020 updated. 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. 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.

That s cheaper than solar has ever been but it still might seem like a big investment. Given a solar panel system size of 5 kilowatts kw an average solar installation in saint louis mo ranges in cost from 12 665 to 17 135 with the average gross price for solar in saint louis mo coming in at 14 900. 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.