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Kansas City solar panels
If you’re interested inreducing your carbon footprint and saving money on your electric bill at the same time, solar power in Kansas City could be right for you. Buyingsolar panels for your home is a long-term investment that can help you save thousands of dollars in electricity costs. Our guide to Kansas City solar power will walk you through the cost of solar panels in Kansas City, the different ways to access solar energy, and estimates of how much you could save.
Cost of solar panels in Kansas City
The median cost of solar panels in the U.S. is $3.82 per watt. If you decide to install the national median size system, which is around 6.48 kilowatts (kW), you’re looking at an upfront cost of about $24,753.60. Smaller homes might do well with a 5-kW system, which would cost about $19,100.
How much do solar panels cost in Kansas City in 2022?
With the national median size system of 6.48 kW and the median price of $3.82 per watt, a typical household in Kansas City can expect to spend $24,753.60. You would save 30% on the final cost with the currently-implemented federal tax credit, saving $7,426.08 and bringing down the cost to $17,327.52.
If you spend the average amount on your monthly electricity bill in Missouri of $146.39, your payback period could be as little as 9.9 years. The payback period is the length of time it takes for you to recover the amount you spent on your solar installation through the savings on your electricity bill. If you spend the average monthly electricity bill for Missouri, the average yearly electricity bill costs $35,133.60 over a 20-year period. Installing solar panels could save you around $17,806.08 in electricity costs over a 20-year period.
Average solar panel cost by system size in Kansas City
The median size for asolar system in the U.S. is 6.48 kW. A 6.48-kW system in Kansas City would cost about $24,753.60 to install at the median rate of $3.82 before deducting any savings. A 5-kW system, which is often sufficient for a small home, would come out to about $19,100. The 30% tax credit would allow you to recoup about $5,730 for a 5-kW system.
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Incentives for solar panels in Kansas City
Installing solar panels can often require a significant upfront investment. However, there are several incentives available to make the cost much more manageable. In addition to the30% federal tax credit, you may be entitled to rebates and other benefits from your state government or local utility.
| Incentive | Local, State, or Federal? | Incentive details |
| Residential Clean Energy Credit | Federal | This tax credit covers 30% of your total installation cost and will extend from 2022 to 2032 before decreasing in 2033. This credit will help you recover 30% of your upfront costs on your tax returns. |
| Net metering | State | State law in Missouri requires all utilities to offer net metering to customers with a solar system. This allows you to sell any excess energy back to the grid in return for bill credits. |
| Property tax exemption | State | If the value of your home increases due to a solar panel installation, you are exempt from paying the additional property tax. |
| Evergy solar rebate | Utility | The utility provides a rebate of up to $0.25 per watt for your solar system. The rate can vary depending on when you apply. Assuming you spend $3 per watt on your solar panels, the $0.25 rebate would cover about 8% of your overall installation cost. |
Solar companies in Kansas City
In Kansas City, there are several solar energy installers for you to choose from. You can explore the services they offer, their available payment plans, and any extra services (like battery installation) on the SaveOnEnergy marketplace. Fill out this form or give us a call to talk with a solar expert to get connected with the installer that is right for you.
Is going solar in Kansas City right for you?
Going solar comes with a range of benefits, and you don’t have to buy solar panels outright to receive many of them. Due to the variety of ways you can access solar energy in Kansas City, there are benefits available for anyone to take advantage of.
Solar for renters
The two best options for going solar in a rented property areleasing and power purchase agreements (PPAs). When youlease your solar panels, you pay a monthly fee to a leasing company to use the energy produced by panels the company installs. Under a lease, you have the option to purchase your solar panels after the contract ends. Undera PPA, you purchase an agreed amount of solar energy from panels that the producer installs and manages. You will never own the panels, but you will still be able to enjoy the benefits. The price for the solar power can be fixed or may vary during the agreement depending on its terms.
Solar for homeowners
If you want to gain the biggest savings on your solar investment as a homeowner, purchasingsolar panels is the best choice. Available incentives can help you recover thousands of dollars through tax and bill credits. In addition, you can look forward to free solar energy once you complete your payback period. In Kansas City, the payback period can be as short as about 10 years, giving you a decade of free solar power assuming that the panels last the typical 20 years. If you don’t have the money to invest in solar panels upfront, you could consider arranging solar financing.
Community solar
Community solar allows many residents of a certain area to subscribe to a central solar farm and receive savings on their electricity bills from the energy produced. These projects often help communities that find itdifficult to access solar for various reasons. For example, community solar projects frequently focus on low-income areas or residential neighborhoods where the typical roofs are not ideally designed for solar panels.