Solar Panel Cost Guide in Centreville, IL (2024 Update)
- Centreville Solar Installation Cost: $16,000
- 25-Year Savings: $10,975
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Centreville
We go over average solar pricing in Centreville.
The average cost of solar panels in Centreville is 4 per watt.To account for the typical energy usage of the average home in Centreville, most homeowners require a 6.1-kilowatt system. Using the figure above, a solar installation costs about $16,000, or $22,880 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Centreville based on several factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Centreville can save around $14,000 on their power bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Centreville, you can click the button below.
Solar savings over time in Centreville
Year | Return on Investment |
---|---|
1 years | $-15,149 |
3 years | $-13,448 |
5 years | $-11,746 |
7 years | $-10,045 |
9 years | $-8,344 |
11 years | $-6,643 |
13 years | $-4,941 |
15 years | $-3,240 |
17 years | $-1,539 |
19 years | $163 |
21 years | $1,864 |
23 years | $3,565 |
25 years | $5,267 |
Top Solar Installers in Centreville
When making the switch to solar, many homeowners decide to go with a solar installation company since putting up a solar system yourself can be a difficult project. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Centreville
Factors that Affect Solar Panel Costs in Centreville
The cost of installing a solar system in Centreville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
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 electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,760 per kilowatt in Centreville.The model of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Centreville, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.Though solar loans make going solar more accessible for Centreville homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can play a part in determining your pricing. Centreville’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.91 | $16,424 | $5,875 | 18.4 years |
8 kW | $3.84 | $21,477 | $8,254 | 18.1 years |
10 kW | $3.76 | $26,320 | $10,844 | 17.7 years |
12 kW | $3.68 | $30,952 | $13,644 | 17.4 years |
14 kW | $3.61 | $35,374 | $16,655 | 17.0 years |
16 kW | $3.53 | $39,585 | $19,877 | 16.6 years |
18 kW | $3.46 | $43,586 | $23,309 | 16.3 years |
20 kW | $3.38 | $47,376 | $26,951 | 15.9 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. Since picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: If you’re worried about the longevity of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which installer you should opt for, since different companies have different panels.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Centreville, IL Solar Cost FAQs
What is the average cost of installing solar panels in Centreville?
The average cost of solar panels in Centreville is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Centreville?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside 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 maximize your savings.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably 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 solar panels."
How long do solar panels last in Centreville?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.