Solar Panel Cost Guide in Blount, IL (2023 Update)
- Blount Solar Installation Cost: $12,115
- 25-Year Savings: $13,162
- Payback Period: 12.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Blount
Let's have a look at the average cost of solar in Blount.
Although the national average of solar panels is $2.66 per watt, solar panels in Blount typically cost about 2.73. Because a 6.3-kW system is needed to cover the energy usage of a typical home in Blount, the average price of going solar will be about $12,116 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and the cost of going solar for you may look different based on factors unique to your home and what company you choose to go with. With average savings of about $15,000 on energy bills over 20 years, many homeowners in Blount find installing solar panels has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Blount that can help you get a more accurate cost estimate for your home.
Solar savings over time in Blount
| Year | Return on Investment |
|---|---|
| 1 years | $-11,264 |
| 3 years | $-9,563 |
| 5 years | $-7,862 |
| 7 years | $-6,160 |
| 9 years | $-4,459 |
| 11 years | $-2,758 |
| 13 years | $-1,056 |
| 15 years | $645 |
| 17 years | $2,346 |
| 19 years | $4,047 |
| 21 years | $5,749 |
| 23 years | $7,450 |
| 25 years | $9,151 |
Top Solar Installers in Blount
When switching to solar energy, many homeowners prefer to go with a solar installation company since overseeing your solar installation yourself can be a time-consuming project. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Blount
Factors that Affect Solar Panel Costs in Blount
The cost of installing a solar system in Blount can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,730. There are several different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Blount know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,999 | 12.5 years |
| 8 kW | $2.78 | $15,594 | $16,304 | 12.2 years |
| 10 kW | $2.73 | $19,110 | $20,762 | 12.0 years |
| 12 kW | $2.68 | $22,473 | $25,373 | 11.7 years |
| 14 kW | $2.62 | $25,684 | $30,137 | 11.5 years |
| 16 kW | $2.57 | $28,741 | $35,054 | 11.3 years |
| 18 kW | $2.51 | $31,646 | $40,124 | 11.0 years |
| 20 kW | $2.46 | $34,398 | $45,346 | 10.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Blount, IL Solar Cost FAQs
What is the average cost of installing solar panels in Blount?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Blount?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Blount?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.