Solar Panel Cost Guide in Casey, IL (2023 Update)
- Casey Solar Installation Cost: $12,006
- 25-Year Savings: $12,873
- Payback Period: 12.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Casey
Here's how much it might cost to switch to solar power in Casey.
In Casey, solar panels cost about 2.73 per watt on average. To account for the typical energy usage of the average home in Casey, most homeowners require a 6.3-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,001, or $17,161 before the federal solar tax credit of 30% is applied.
The true cost of your system can be higher or lower than the average in Casey depending on several factors, such as the kind of solar panels you choose and the solar installer you hire. Many homeowners find adopting solar power is a sound investment. The average homeowner in Casey can save about $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a custom quote.
Solar savings over time in Casey
| Year | Return on Investment |
|---|---|
| 1 years | $-11,156 |
| 3 years | $-9,454 |
| 5 years | $-7,753 |
| 7 years | $-6,052 |
| 9 years | $-4,350 |
| 11 years | $-2,649 |
| 13 years | $-948 |
| 15 years | $753 |
| 17 years | $2,455 |
| 19 years | $4,156 |
| 21 years | $5,857 |
| 23 years | $7,559 |
| 25 years | $9,260 |
Top Solar Installers in Casey
Trying to put up solar panels yourself can be a difficult project, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies offer can be useful as well, particularly if you aren't sure what type of solar equipment you need.
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 Casey
Factors that Affect Solar Panel Costs in Casey
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Casey: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,730 per kilowatt in Casey. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Casey offer solar loans, which reduce your upfront costs of installing solar. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Casey, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, 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 | $11,835 | 12.5 years |
| 8 kW | $2.78 | $15,594 | $16,086 | 12.3 years |
| 10 kW | $2.73 | $19,110 | $20,490 | 12.1 years |
| 12 kW | $2.68 | $22,473 | $25,047 | 11.8 years |
| 14 kW | $2.62 | $25,684 | $29,756 | 11.6 years |
| 16 kW | $2.57 | $28,741 | $34,619 | 11.3 years |
| 18 kW | $2.51 | $31,646 | $39,634 | 11.1 years |
| 20 kW | $2.46 | $34,398 | $44,802 | 10.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Long-standing 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: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Casey, IL Solar Cost FAQs
What is the average cost of installing solar panels in Casey?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Casey, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.