Solar Panel Cost Guide in Caseyville, IL (2023 Update)
- Caseyville Solar Installation Cost: $11,619
- 25-Year Savings: $10,114
- Payback Period: 13.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Caseyville
See how much it might cost to go solar in Caseyville.
Although the national average of solar panels is $2.66 per watt, solar panels in Caseyville generally cost about 2.73. Using this figure, a typical 6.1-kW system would cost about $11,619 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar system you want to get, your solar contractor and more. For most homeowners, the upfront cost of solar is worth paying. On average Caseyville homeowners see about $14,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Caseyville for a quote for your home.
Solar savings over time in Caseyville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,750 |
| 3 years | $-9,011 |
| 5 years | $-7,272 |
| 7 years | $-5,534 |
| 9 years | $-3,795 |
| 11 years | $-2,056 |
| 13 years | $-318 |
| 15 years | $1,421 |
| 17 years | $3,159 |
| 19 years | $4,898 |
| 21 years | $6,637 |
| 23 years | $8,375 |
| 25 years | $10,114 |
Top Solar Installers in Caseyville
Although it's possible to install solar panels yourself, it involves extra labor and handiness. For that reason, the majority of homeowners choose to go with a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Caseyville
Factors that Affect Solar Panel Costs in Caseyville
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Caseyville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Caseyville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $2,730 for each additional kilowatt you need. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Caseyville average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Caseyville, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your overall costs, so it's important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you select will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for 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 | $9,526 | 13.9 years |
| 8 kW | $2.78 | $15,594 | $13,007 | 13.6 years |
| 10 kW | $2.73 | $19,110 | $16,641 | 13.4 years |
| 12 kW | $2.68 | $22,473 | $20,428 | 13.1 years |
| 14 kW | $2.62 | $25,684 | $24,367 | 12.8 years |
| 16 kW | $2.57 | $28,741 | $28,460 | 12.6 years |
| 18 kW | $2.51 | $31,646 | $32,705 | 12.3 years |
| 20 kW | $2.46 | $34,398 | $37,104 | 12.0 years |
How to Save on Solar Panels
There are numerous companies available in Caseyville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar installer, make sure you read it through 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.
- Solar Panel Brands: The kind of solar panel you need to get plays a part in which company you should choose, since different companies have different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
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 Caseyville, IL Solar Cost FAQs
What is the average cost of installing solar panels in Caseyville?
This is a tough 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Caseyville?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will having solar panels impact my property value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out how many solar panels 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 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.