Is solar power a good investment for my home?

Is solar power a good investment for my home?

Absolutely! Investing in solar power for your home in Missouri is not just a wise financial decision but also a responsible environmental choice. The Show-Me State enjoys an average of over 200 days of sunshine per year, making it an ideal location for solar energy production. A typical residential solar panel system in Missouri costs between $10,000 and $20,000 per kilowatt of capacity, with a potential return on investment (ROI) of 15-20% over the system’s 25-30 year lifespan. Opting to pay with cash can maximize your ROI, as you’ll avoid financing costs. Additionally, solar panels can increase your property’s resale value by up to 4%, making it an appealing option for prospective buyers.