Solar Panel Cost Guide in Centreville, IL (2023 Update)
- Centreville Solar Installation Cost: $11,619
- 25-Year Savings: $10,973
- Payback Period: 12.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Centreville
We go over average solar pricing in Centreville.
While the national average of solar panels is $2.66 per watt, solar panels in Centreville generally cost around 2.73. Since a 6.1-kW system is needed to cover the energy needs of a typical home in Centreville, the average price of going solar will be about $11,619 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. Many homeowners find going solar is a fruitful investment. The average homeowner in Centreville can save about $14,000 on their power bills over 20 years.
Click the button below to get connected to a top solar installer in Centreville for a custom quote.
Solar savings over time in Centreville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,715 |
| 3 years | $-8,908 |
| 5 years | $-7,101 |
| 7 years | $-5,293 |
| 9 years | $-3,486 |
| 11 years | $-1,679 |
| 13 years | $129 |
| 15 years | $1,936 |
| 17 years | $3,743 |
| 19 years | $5,551 |
| 21 years | $7,358 |
| 23 years | $9,165 |
| 25 years | $10,973 |
Top Solar Installers in Centreville
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. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
There are a number of 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 Centreville
Factors that Affect Solar Panel Costs in Centreville
Although the average cost of a solar system in Centreville is $11,619, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,730. The brand of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that have higher efficiency, 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 think about 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
If paying for a solar system out of pocket is difficult, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average. Even though solar loans make going solar more accessible for Centreville homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Centreville, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $10,374 | 13.4 years |
| 8 kW | $2.78 | $15,594 | $14,137 | 13.1 years |
| 10 kW | $2.73 | $19,110 | $18,054 | 12.9 years |
| 12 kW | $2.68 | $22,473 | $22,123 | 12.6 years |
| 14 kW | $2.62 | $25,684 | $26,345 | 12.3 years |
| 16 kW | $2.57 | $28,741 | $30,720 | 12.1 years |
| 18 kW | $2.51 | $31,646 | $35,248 | 11.8 years |
| 20 kW | $2.46 | $34,398 | $39,929 | 11.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before deciding.
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 Centreville, IL Solar Cost FAQs
How much does it cost to install solar panels in Centreville?
This is a tough question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to 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 will solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Centreville is currently $81,311, so you could be looking at a value of about $3,334 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Centreville is a rewarding investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.