Solar Panels Cost 8.2k-19k in Independence, MO | November, 2024

Solar Panels Cost $8.2k-$19k in Independence, MO | November, 2024

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How much do solar panels cost in Independence, MO in 2024?

Getting solar panels in Independence, MO averages out to $3.93 per watt in the month of November, 2024.

Put another way, solar panels will cost you about $3,930 per 1 kW (or 1000 watts) of production capacity. In Independence, a 5 kW panel install sets you back, on average, $13,755 after the 30% federal income tax credit. To fulfill your energy demands, you may require more than a 5kW system.

Use the menu on the left to pick your county and determine the average roof size and the average maximum capacity for residential solar on residences in your area. Below, you can see an overview of the costs, payback period and 20 year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Independence: $13,755US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Independence: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Independence: $10,770US Average: $16,169

Solar Potential in Independence

Estimated system size and solar electricity production per median viable roof in
Independence.

Roof size 536sq. ft.
Capacity 7.5kW DC
Electricity 9.2kkWh AC per yr.

Electricity Costs in Independence, MO & What that Means for Your Solar Panel Pricing

In Independence, the average kWh usage is 787 per month, and the electric bill is $126.75. Compact dwellings, such as townhouses and duplexes, are also encompassed in the statistics cited in the preceding sentence.

The rate of electricity in Independence, MO, on average, is 16.11¢ per kWh in November 2024.

Typical users in Independence will want a solar power system of 7 kW or larger to cover their full electricity usage needs. Right now, a 7 kW setup is priced at $27,510, but after a 30% tax credit, it drops to $19,257

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Average solar panel costs by system size in Independence

To the left and below, the price breakdown for different sizes of the solar panel systems installed in Independence is shown. The investment for a larger solar panel setup is higher, but it also offers greater electricity savings and increased income tax credits.

Using the solar panel cost calculator located down and to the right, you can view a detailed cost and benefit analysis based on an average electric bill of $126.75 in Independence. By modifying the $126.75 to your average electricity bill, you can get tailored results.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $722 a year
Est. Price
$8,253
Savings from a 3kWthis system
  • Est. yearly production 4,515 kWh
  • Est. monthly savings $60
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 4.05 tons a year
  • Equivalent to planting 186 trees a year
  • Equivalent to driving 10,029 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $963 a year
Est. Price
$11,004
Savings from a 4kWthis system
  • Est. yearly production 6,020 kWh
  • Est. monthly savings $80
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 5.4 tons a year
  • Equivalent to planting 248 trees a year
  • Equivalent to driving 13,372 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,204 a year
Est. Price
$13,755
Savings from a 5kWthis system
  • Est. yearly production 7,525 kWh
  • Est. monthly savings $100
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 6.75 tons a year
  • Equivalent to planting 310 trees a year
  • Equivalent to driving 16,715 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,445 a year
Est. Price
$16,506
Savings from a 6kWthis system
  • Est. yearly production 9,030 kWh
  • Est. monthly savings $120
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 8.1 tons a year
  • Equivalent to planting 372 trees a year
  • Equivalent to driving 20,058 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,686 a year
Est. Price
$19,257
Savings from a 7kWthis system
  • Est. yearly production 10,535 kWh
  • Est. monthly savings $127
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 8.55 tons a year
  • Equivalent to planting 393 trees a year
  • Equivalent to driving 21,159 mi less a year

Independence Solar Panel Installation Incentives & Rebates | 2024

Eligible rural small businesses and farms might have their solar or wind turbine installation costs covered by the REAP Grant, ranging from 80% to 100%. Not sure if you qualify? Use our REAP Grant eligibility tool to verify.

For those considering residential solar options, a 30% federal income tax credit is broadly available, boosting the appeal and practicality of solar energy in numerous areas in the nation. Together with federal efforts, state and local programs help to support the use of solar power.

Several utilities and government organizations in Missouri currently offer 8 solar rebates and incentives.

Solar incentives in MO

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.

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.

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.

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.

Are solar panels worth it in Missouri?

When you expect to live in your home beyond the payback period of your solar system, solar panels are an clear choice in Independence. Over a 20 year time frame, a 5 kW solar system in Independence, MO could save you around $16,665, with the average break even time being 9 years.

The cost of not having solar panels in Independence, MO

In addition to missing out on the previously mentioned savings, not having solar panels or a separate backup energy source makes you fully reliant on your electric utility for electricity. As shown by recent news, total dependence on your utility isn't always ideal.

Lately, the average number of utility outages per customer in Independence has been 1.02 annually. Outages generally last for an average of 96.09 minutes. During major occurrences like wildfires, grid management errors, or planned maintenance, these times can extend significantly.

A solar panel system, with or without a backup battery or not, could help lessen the impact of future power outages you might encounter.

Power Outages

Currently, 0 customers are being tracked in Jackson County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Independence, MO?

Your Energy Needs - While the upfront cost is larger, the price per watt decreases with larger solar panel systems. Most consumers see the benefit in setting up a solar setup that can generate enough power to cover their entire electric bill, ensuring significant savings.

Make & Model - There are numerous brands and models of solar panels. Selecting an installer with certain brand preferences means it is even more important essential to go with a highly rated contractor. Selecting better quality equipment usually yields a more favorable long-term experience for the buyer.

Solar Panel Type - It's understandable that monocrystalline panels are now the standard in the industry. These panels have a higher cost but generate more energy. Most installers in the industry use panels constructed of this material.

Your Property - No two homes or properties are the same. Elements like trees, uneven landscapes, or additional considerations might complicate the installation process. Solar installers today have the ability to use satellite images to evaluate your home and incorporate these factors in the preliminary cost estimate.

Labor Rates - Companies provide varying pay rates to their employees, which are then reflected in the prices consumers pay. Often, businesses paying more in wages additionally enjoy higher ratings for their services and customer service.

Permitting & Interconnection - Your final installation cost will be affected by local permitting and utility interconnection fees, which change by area. Quality local installers will include these numbers into your first quotes to prevent any surprises.

See what solar panels cost in other MO cities

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Who are the best solar installers in Independence?

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Reparation of solar arrays.

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Cromwell Solar

Lawrence, KS(785) 371-1429

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Auditing of energy requirements for independent energy generation.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of batteries for energy storage.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Reparation of solar arrays.

Solera Energy

Springfield, MO(855) 745-2398

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

AmpXR

Gladstone, MO(913) 387-9474

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Air & Water Solutions

Columbia, MO(573) 875-1354

Services

  • Reparation of batteries.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of batteries.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Solar Design Studio

Platte City, MO(816) 607-1349

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.

LightEdison

Denver, CO(888) 966-6377

Services

  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Independence, MO Solar Panel Cost FAQs

  • As of November, 2024, the typical cost for solar panels in Independence, MO is $3.93/W. In Independence, MO, the cost of installing a 5 kW solar panel system is approximately $13,755 after applying the federal tax credit.
  • Currently, Missouri residents can benefit from 8 rebates and incentives available through various utilities and government bodies. Additionally, the vast majority qualify for the 30% federal tax credit.
  • Paying cash offers the most savings, yet there are many financing options available today for solar panels that are also beneficial. Initial quotes from installers will frequently contain information about available financing options.
  • Yes, the average time to recoup the cost of 5 kW solar panels in Independence, MO is 9 years, with homeowners saving an average of $16,665 on electricity over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-11-01