Solar Panel Cost Guide in Anna, IL (Mar 2023)
- Anna Solar Installation Cost: $11,562
- 25-Year Savings: $13,787
- Payback Period: 11.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Anna
Let's have a look at the average cost of solar in Anna.
The average cost of a solar panel system in Anna is 2.73 per watt. Since a 6.0-kW system is needed to cover the energy needs of a typical home in Anna, the average price of going solar will be about $11,562 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar panels you want, your solar contractor and more. For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Anna see about $16,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Anna for a quote for your home.
Solar savings over time in Anna
| Year | Return on Investment |
|---|---|
| 1 years | $-10,548 |
| 3 years | $-8,520 |
| 5 years | $-6,492 |
| 7 years | $-4,464 |
| 9 years | $-2,436 |
| 11 years | $-408 |
| 13 years | $1,620 |
| 15 years | $3,647 |
| 17 years | $5,675 |
| 19 years | $7,703 |
| 21 years | $9,731 |
| 23 years | $11,759 |
| 25 years | $13,787 |
Top Solar Installers in Anna
Although it's possible to install solar panels yourself, it requires extra time and expertise. For that reason, most people choose to hire a solar panel installer. Plus, if you're unsure what type of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Anna
Factors that Affect Solar Panel Costs in Anna
Even though the average cost of a solar system in Anna is $11,562, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,730 per kilowatt in Anna. The type of solar panels and equipment you get is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Anna, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.84 | $11,925 | $13,202 | 11.9 years |
| 8 kW | $2.78 | $15,594 | $17,908 | 11.6 years |
| 10 kW | $2.73 | $19,110 | $22,767 | 11.4 years |
| 12 kW | $2.68 | $22,473 | $27,779 | 11.2 years |
| 14 kW | $2.62 | $25,684 | $32,944 | 11.0 years |
| 16 kW | $2.57 | $28,741 | $38,262 | 10.7 years |
| 18 kW | $2.51 | $31,646 | $43,732 | 10.5 years |
| 20 kW | $2.46 | $34,398 | $49,356 | 10.3 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Anna, IL Solar Cost FAQs
How much does it cost to install solar panels in Anna?
The average cost of solar panels in Anna is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Anna?
A solar panel system isn't free in Anna, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is switching to solar power worth it?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.