Solar Panel Cost Guide in Centreville, IL (Feb 2023)
- Centreville Solar Installation Cost: $11,619
- 25-Year Savings: $10,973
- Payback Period: 12.9 Years
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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:
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.
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.
EcoWatch's Centreville, IL Solar Cost FAQs
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.