Cost Of Installing Solar Panels Missouri

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

Cost of installing solar panels missouri. 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. The average cost of a solar panel installation in missouri ranges from 13 175 to 17 825. Installing a typical 10 kw solar system should start at about 27 000 after the 2020 missouri solar rebates. Missouri s solar resources actually exceed those of germany which leads the world in solar energy production on less than.

Solar incentives rebates and tax credits available in missouri in 2020. Don t worry because after tax breaks and energy savings your first year costs will be considerably less than that. Solar panel cost data missouri 2020 updated. 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.

How long does it take to earn back your initial investment in solar panels. Department of energy s national renewable energy laboratory s nrel solar maps. 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.