Solar Panels Cost $14k-$24k in Henry County, MO | November, 2024
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How much do solar panels cost in Henry County, MO in 2024?
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Going solar in Henry County, MO averages out to $3.55/W in November, 2024.
Using the cost per watt, we can come to the conclusion that for every 1 kW (1000 watts) your solar panel system can produce, you will have to invest $3,550 for installation. A 5 kW solar panel system in Henry County will typically cost you $12,425 after the 30% federal tax credit is applied. Remember, a larger system could be essential to satisfy your energy demands effectively.
To the left,choose your area to access information on the typical roof size and the average maximum capacity of residential solar for homes in your county. You can review the price, payback period, and 20-year average savings for a 5 kW system in your county below.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Henry County: $12,425US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Henry County: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Henry County: $19,947US Average: $16,169
Solar Potential in Henry County
Estimated system size and solar electricity production per median viable roof in Henry County.
Roof size 778sq. ft.
Capacity 10.88kW DC
Electricity 13.5kkWh AC per yr.
Electricity Costs in Henry County, MO & What that Means for Your Solar Panel Pricing
On average, Henry County residents pay 157.07 for their electric bill each month and consume 1,124 kWh. Small houses, such as studio apartments or condos, are also encompassed in the numbers mentioned in the previous sentence.
Henry County, MO's electricity rate averages 13.97¢ per kWh in November 2024.
The expense for aa 10 kW solar panel system comes to $35,500 before incentives, but with a 30% tax credit, the final price is reduced to $24,850.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Henry County
To your left, we have provided a detailed cost breakdown for the multiple solar panel system sizes set up in Henry County. Even though a larger solar installation does come with a higher price tag, it also provides increased electricity savings and more substantial income tax credits.
The solar panel cost calculator, situated to the right and below, provides a breakdown of costs and benefits using an average $157.07 electric bill for Henry County. For tailored results, adjust the $157.07 to whichever your typical electricity bill is.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,236 a year
Est. Price
$14,910
Savings from a 6kWthis system
Est. yearly production 8,826 kWh
Est. monthly savings $103
Full payback in 8 years
Environmental Impacts
Reduces CO2 emissions by 5.57 tons a year
Equivalent to planting 256 trees a year
Equivalent to driving 13,777 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,442 a year
Est. Price
$17,395
Savings from a 7kWthis system
Est. yearly production 10,297 kWh
Est. monthly savings $120
Full payback in 9 years
Environmental Impacts
Reduces CO2 emissions by 6.49 tons a year
Equivalent to planting 298 trees a year
Equivalent to driving 16,073 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,648 a year
Est. Price
$19,880
Savings from a 8kWthis system
Est. yearly production 11,768 kWh
Est. monthly savings $137
Full payback in 11 years
Environmental Impacts
Reduces CO2 emissions by 7.42 tons a year
Equivalent to planting 341 trees a year
Equivalent to driving 18,370 mi less a year
System Size 9kW
Roof Size Min. space required
644 ft²
Electricity Value Annual Production $1,853 a year
Est. Price
$22,365
Savings from a 9kWthis system
Est. yearly production 13,239 kWh
Est. monthly savings $154
Full payback in 12 years
Environmental Impacts
Reduces CO2 emissions by 8.35 tons a year
Equivalent to planting 383 trees a year
Equivalent to driving 20,666 mi less a year
System Size 10kW
Roof Size Min. space required
715 ft²
Electricity Value Annual Production $2,059 a year
Est. Price
$24,850
Savings from a 10kWthis system
Est. yearly production 14,710 kWh
Est. monthly savings $157
Full payback in 13 years
Environmental Impacts
Reduces CO2 emissions by 8.49 tons a year
Equivalent to planting 390 trees a year
Equivalent to driving 21,006 mi less a year
Henry County Solar Panel Installation Incentives & Rebates | 2024
The financial burden of installing solar or wind turbines for rural agricultural enterprises and small businesses could be eased with the REAP Grant, covering 80% to 100% of the costs. Wondering if you fall into this category? Check your eligibility with our REAP Grant eligibility tool.
Homeowners can benefit from a 30% federal income tax credit for setting up residential solar panels, which makes solar power a feasible option throughout much of the country. Moreover, a number of state and local programs are available to promote solar adoption.
Missouri provides 13 solar rebates and incentives from various utility companies and government departments.
Solar incentives in MOIncentive Description Value
Columbia Water & Light - Solar Rebates
Value:Up to $800
Home and business customers of Columbia Water and Light may be entitled to rebates if they install a new solar PV system or water heater. The rebate amount is a fixed $400 for new water heaters, a fixed $800 for a solar water heater replacing a natural gas system, and a variable amount per kilowatt for photovoltaic systems. To qualify, customers must keep the system in operation for at least five years and participate in net metering and interconnection arrangements. Applications must be submitted before the system is installed. Additional information is available from the CWL website.
Energy Standards for Public Buildings
Value:Varies
Missouri most recently updated its statewide green building law in 2015. Any new state facility must meet standards set by the latest copy of the International Energy Conservation Code (currently 2015). Existing buildings must reduce energy consumption by 2% per year for a total 20% reduction in 2025. New remodeling projects affecting at least half of the building's area or costing half of its assessed value should be subject to pre-planning impact studies. Designers should consider on-site renewable energy and water reclamation to provide a 25-year cost/benefit analysis. Additional information is available from the Missouri DNR website.
City of Columbia - Renewable Portfolio Standard
Value:Varies
The city of Columbia, Missouri has a local renewable portfolio standard (RPS) program supplementing the mandatory state standard. Columbia Water and Light, as the city's public utility, is currently bound by ordinance to source at least 25% of its retail energy from renewable sources by 2022. Compliance is measured through regular proposals and reports addressed to the City Council. When possible, CWL must not increase the price of consumer energy by over 3% to fund new renewable energy investments. Additional information is available from the Columbia municipal website.
Empire District Electric - Solar PV Rebates
Value:Varies
Show Me PACE is a multi-jurisdiction property-assessed clean energy financing program in Missouri. Any county or city government may become a program signatory. The program serves business and multi-family residential property, farms, nonprofits, and public-sector facilities making energy or water efficiency improvements. A minimum principal of $50,000 is available at low market-rate interest. Repayment periods may vary, but cannot be longer than the useful life of the equipment that the loan funds. The Missouri Energy Initiative oversees the Show Me PACE lending market. Additional information is available from the program website.
Energy Loan Program
Value:Varies
Public/private school districts, local governments, and hospitals may be eligible for special financing on energy efficiency improvements through the Missouri Energy Loan Program (MELP). The revolving loan fund is managed by the state's Department of Economic Development. Available principal ranges from $10,000 to $1 million. Funding can be repaid over 10 years at 2.75% APR and with a 1% administrative fee. Monthly payments are typically based on estimated cost savings. Additional information is available from the DED Energy Division website.
Renewable Energy Standard
Value:Varies
Missouri's mandatory renewable portfolio standard was created in 2008 by the Proposition C ballot referendum. The standard sets minimum quotas for renewable energy investment. Current objectives (as of 2021) require the state's power industry to source 15% of retail energy from renewable sources by the end of the year. Any solar, wind, biomass, hydrogen fuel cell, or select solid waste reclamation system may qualify. However, "carve-out" measures require a specific portion of the annual quota be fulfilled using solar energy. Compliance is measured through both renewable energy credit (REC) and solar carve-out credit (SREC) systems. Each credit pegs a fixed amount of electricity to a variable dollar value. Credits are subject to market forces as utilities buy them through net metering and retire them after three years. Annual reports on standard objectives and progress are available through the Missouri Public Service Commission website.
Columbia Water & Light - Home Performance with ENERGY STAR Loan
Value:Varies
Home customers of Columbia Water and Light may be eligible for special financing on ENERGY STAR certified building materials and equipment. Available offers will vary from time to time. Currently, loans are available for central and room HVAC, insulation/weatherization, solar water heaters/thermal systems, and some appliances. CWL works with loan partners to provide financing. Current repayment options can last up to ten years at variable interest rates. Applicants will be subject to standard credit checks, pre-installation audits, and final system inspections by CWL representatives. Additional information is available from the CWL website.
Net Metering
Value:Varies
Missouri requires any private/municipal utility, electric retailer, or utility cooperative to offer net metering contracts to renewable energy customers. Any solar PV/heating, wind, hydroelectric, or hydrogen fuel cell system qualifies to receive tariff compensation. Once a customer and their utility agree to a contract, the utility will install a bidirectional meter on the customer's system at no cost. This meter measures net excess generation (NEG) sent back to the grid. The customer's electric bill will be credited at a fixed avoided-cost rate for NEG generated during each billing cycle. Should generation exceed consumption for any given month, credits may carry forward to subsequent cycles. Additional information is available from the Missouri Department of Economic Development website.
Missouri Clean Energy District
Value:Varies
The Missouri Clean Energy District is a statewide property-assessed clean energy (PACE) financing program. Counties and cities may join MCED at any time, allowing local businesses, farms, nonprofits, and public-sector building owners to receive specialized loans for energy efficiency improvements. (Due to regulatory concerns from the FHFA, residential buildings are ineligible for PACE loans at this time.) PACE funding effectively comes from the government, but it is administered by the MCED and a number of banking partners. Loans are at low interest and can be repaid over up to 20 years. Repayments take the form of a tax lien senior to the property's mortgage; should the owner sell or transfer their property, the new owner will be responsible for continuing repayments. Additional information is available from the MCED website and member localities.
Interconnection Guidelines
Value:Varies
Any private/public electrical utility or cooperative in Missouri must offer their renewable energy customers interconnection and net metering contract options. Unlike other states, renewable energy systems are not divided into regulatory tiers based on size and capability; however, systems over 100 kW in capacity are ineligible for net metering. All systems must meet standards set by IEEE/UL and have manual disconnect switches/other safety features installed. Additional information is available from individual utilities.
Columbia Water & Light - Commercial Energy Efficiency Loans
Value:Varies
Business customers of Columbia Water and Light may be eligible for special financing on energy efficient equipment and improvement projects. Available offers will vary from time to time. currently, "Super Saver" loans are available for HVAC systems, solar and geothermal water heaters and heat pumps, and energy efficient lighting. CWL works with banking partners to provide financing; as such, loan terms may vary. Loans through the program are senior to other debt on the property; should the owner sell the property or refinance another loan, they must pay off the Super Saver loan. The application process involves pre-installation audits and final system inspections using ASHRAE Level 2 standards. Additional information is available through the CWL website.
Show Me PACE
Value:Varies
Show Me PACE is a multi-jurisdiction property-assessed clean energy financing program in Missouri. Any county or city government may become a program signatory. The program serves business and multi-family residential property, farms, nonprofits, and public-sector facilities making energy or water efficiency improvements. A minimum principal of $50,000 is available at low market-rate interest. Repayment periods may vary, but cannot be longer than the useful life of the equipment that the loan funds. The Missouri Energy Initiative oversees the Show Me PACE lending market. Additional information is available from the program website.
Set the PACE St. Louis
Value:Varies
"Set the PACE" is a local property-assessed clean energy (PACE) financing program. Businesses, nonprofits, and public-sector property owners in the city/county of St. Louis may be eligible for special financing through the program to fund energy efficiency improvements. Residential property may qualify so long as it is not mortgaged. PACE funding effectively comes from public funds, but loans will be supplemented by PNC and serviced by local governments. The maximum available principal for a single loan is $25,000 or 35% of the property's assessed value, whichever is lower. Loans are low-interest and can be repaid over up to 20 years. Repayment takes the form of a tax lien senior to the property's mortgage; should the owner sell or transfer their property, the new owner will be responsible for continuing repayments. Additional information is available from the Set the PACE St. Louis website.
Are solar panels worth it in Henry County, MO?
If you expect to own your residence longer than the solar system's payback period, solar panels are a wise investment in Henry County. A 5 kW solar system in Henry County, MO could potentially save you $25,271.8 over the course of 20 years, with the break even point usually at 7 years.
The cost of not having solar panels in Henry County, MO
Skipping solar panels or an alternative backup energy source results in you'll miss out on the savings highlighted before and be completely dependent on your electric utility for power. As recent news articles have shown, full dependence on your utility provider is not always ideal.
Generally, customers in Henry County encounter around 1.08 outages. The typical duration of each outage is 134.36 minutes. When significant events such as construction accidents, equipment failure or high winds occur, these time frames can become much longer.
Take a look at the info below to see the number of current electricity customers without power in Henry County.
Whether equipped with a backup battery or not, a solar panel system can reduce the strain of potential future outages.
Power Outages
Currently, 0 customers are being tracked in Henry County.
What impacts the cost of solar panels in Henry County, MO?
Your Energy Needs - The upfront cost for larger solar panel systems is larger, but the cost per watt reduces as the system size expands. Many consumers realize it's a good idea to set up a solar system that can make enough power to offset their electric bill, because it helps them achieve greater savings.
Make & Model - There are a range of makes and models of solar panels and mounting equipment. Since your contractor may prefer particular brands, it's crucial to select a highly rated company. Choosing better quality materials can yield a much better long-term experience for the buyer.
Solar Panel Type - For several valid reasons, monocrystalline panels are now the industry standard. They come with a higher price, but they provide more energy. Most solar panel installers opt for this type of material.
Your Property - Each home and property is unique in its own way. Uneven land, trees, or additional considerations may complicate the installation. Today, the majority of solar installers can assess your home with satellite images and factor in these considerations in the preliminary cost estimate.
Labor Rates - Companies provide varying pay rates to their employees, which are then shown in the prices consumers pay. Businesses tend to receive higher reviews for their services and customer service when they pay better wages.
Permitting & Interconnection - Local permitting and utility interconnection fees, which vary by area, will influence your installation cost. That said, reputable local installers will be able to incorporate these numbers into your first quotes so there are no surprises.
See what solar panels cost in other Henry County cities
Solar systems for selling electricity back to the grid.
Henry County, MO Solar Panel Cost FAQs
The typical cost per watt for solar panels in Henry County, MO as of November, 2024 is $3.55/W. The cost of installing a 5 kW solar panel system in Henry County, MO is about $12,425post federal tax credit.
Currently, Missouri residents can benefit from 13 rebates and incentives available through various utilities and government bodies. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Paying cash offers the most savings, but there are now numerous financing options for solar panels that are also advantageous. Initial quotes from installers will frequently include information about available financing options.
Yes, homeowners in Henry County, MO can expect 5 kW solar panels to pay off in 7 years, with an estimated $25,271.8 in electricity savings during a 20-year span.
Savings from 
Environmental Impacts 
