Solar Panel Cost Guide in Cahokia, IL (Jan 2023)
- Cahokia Solar Installation Cost: $11,619
- 25-Year Savings: $12,353
- Payback Period: 12.1 Years
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Top Solar Installers in Cahokia
Although it's possible to install solar panels by yourself, it involves extra time and knowledge. Because of that, the majority of homeowners choose to go with a solar panel installer. The expertise that solar companies offer can be invaluable as well, particularly if you aren't sure what type of solar equipment you need.
If you're looking for a solar installer in Cahokia, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Cahokia
Factors that Affect Solar Panel Costs in Cahokia
Even though the average cost of a solar system in Cahokia is $11,619, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,730. The brand of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, 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 searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Cahokia homeowners choose to finance their solar panel systems to offset upfront costs. 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Cahokia, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and decide on the company that provides the products, warranties and services you want and also is within your budget.
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||$11,736||12.6 years|
|8 kW||$2.78||$15,594||$15,954||12.4 years|
|10 kW||$2.73||$19,110||$20,325||12.1 years|
|12 kW||$2.68||$22,473||$24,848||11.9 years|
|14 kW||$2.62||$25,684||$29,525||11.6 years|
|16 kW||$2.57||$28,741||$34,354||11.4 years|
|18 kW||$2.51||$31,646||$39,337||11.1 years|
|20 kW||$2.46||$34,398||$44,472||10.9 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
EcoWatch's Cahokia, IL Solar Cost FAQs
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.