Solar Panel Cost Guide in Canteen, IL (2023 Update)
- Canteen Solar Installation Cost: $11,619
- 25-Year Savings: $9,224
- Payback Period: 13.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Canteen
We go over average solar pricing in Canteen.
In Canteen, solar panels cost about 2.73 per watt on average. Using this figure, a typical 6.1-kW system would cost about $11,619 before the 30% federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Canteen based on several factors, such as the type of solar panels you choose and the solar installer you hire. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Canteen can save around $13,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Canteen that can help you get a more accurate cost estimate for your home.
Solar savings over time in Canteen
| Year | Return on Investment |
|---|---|
| 1 years | $-10,785 |
| 3 years | $-9,118 |
| 5 years | $-7,450 |
| 7 years | $-5,783 |
| 9 years | $-4,115 |
| 11 years | $-2,448 |
| 13 years | $-781 |
| 15 years | $887 |
| 17 years | $2,554 |
| 19 years | $4,222 |
| 21 years | $5,889 |
| 23 years | $7,556 |
| 25 years | $9,224 |
Top Solar Installers in Canteen
When making the switch to solar, many homeowners choose to hire a solar installer since overseeing your solar installation yourself can be a difficult project. Companies can also offer access to quality options of the best solar panels and help you choose which one will be right for your family.
There are several 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Canteen
Factors that Affect Solar Panel Costs in Canteen
While the average cost of a solar system in Canteen is $11,619, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant 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 energy your household consumes, the larger your system will likely need to be. You can expect to pay about $2,730 per kilowatt in Canteen. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only 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 in cash is difficult, solar loans are an affordable route because they reduce your upfront costs and let you pay for your system over five to seven years on average. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you select will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Canteen know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $8,647 | 14.5 years |
| 8 kW | $2.78 | $15,594 | $11,836 | 14.2 years |
| 10 kW | $2.73 | $19,110 | $15,177 | 13.9 years |
| 12 kW | $2.68 | $22,473 | $18,671 | 13.7 years |
| 14 kW | $2.62 | $25,684 | $22,318 | 13.4 years |
| 16 kW | $2.57 | $28,741 | $26,118 | 13.1 years |
| 18 kW | $2.51 | $31,646 | $30,070 | 12.8 years |
| 20 kW | $2.46 | $34,398 | $34,176 | 12.5 years |
How to Save on Solar Panels
There are many companies to choose from in Canteen, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Canteen, IL Solar Cost FAQs
How much does it cost to install solar panels in Canteen?
The average cost of solar panels in Canteen 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Canteen?
A solar panel system isn't free in Canteen, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Canteen?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.