Solar Panel Cost Guide in Chillicothe, IL (Mar 2023)

  • Chillicothe Solar Installation Cost: $12,192
  • 25-Year Savings: $7,638
  • Payback Period: 15.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated March 14, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Chillicothe

Find out what the average cost of solar panel installation is in Chillicothe.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Chillicothe, the average cost of solar panels is 2.73 per watt. The average solar panel system size in Chillicothe is around 6.4 kilowatts, meaning a cost of about $12,192 for a solar installation, or $17,435 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 needs, the type of equipment you choose, your solar contractor and more. With average savings of about $12,000 on energy bills over 20 years, many homeowners in Chillicothe find going solar has a decent ROI.

To receive a free estimate from a top solar installation company in Chillicothe, you can click the button below.

Solar savings over time in Chillicothe

Year Return on Investment
1 years $-11,399
3 years $-9,813
5 years $-8,226
7 years $-6,640
9 years $-5,053
11 years $-3,467
13 years $-1,880
15 years $-294
17 years $1,292
19 years $2,879
21 years $4,465
23 years $6,052
25 years $7,638

Top Solar Installers in Chillicothe

When making the switch to solar, many homeowners decide to use a solar installer since DIY solar panel installation can be a difficult project. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.

You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Chillicothe

Factors that Affect Solar Panel Costs in Chillicothe

Although the average cost of a solar system in Chillicothe is $12,192, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.

Solar Equipment

The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,730. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Chillicothe, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar companies in Chillicothe offer solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The last key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Chillicothe, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 $6,718 16.0 years
8 kW $2.78 $15,594 $9,263 15.7 years
10 kW $2.73 $19,110 $11,961 15.4 years
12 kW $2.68 $22,473 $14,811 15.1 years
14 kW $2.62 $25,684 $17,815 14.8 years
16 kW $2.57 $28,741 $20,972 14.5 years
18 kW $2.51 $31,646 $24,281 14.1 years
20 kW $2.46 $34,398 $27,743 13.8 years

How to Save on Solar Panels

There are a large number of companies available in Chillicothe, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
  • Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
  • Solar Panel Brands: The brand of solar panel you need plays a part in which installer you should choose, since different companies have access to different panels.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Chillicothe, IL Solar Cost FAQs

How much does it cost to install solar panels in Chillicothe?

This is a difficult question to answer precisely, because the cost depends on a variety of 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 usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Are solar panels free in Chillicothe?

Solar panels aren't free in Chillicothe, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

How will installing solar panels impact the value of my home?

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 Chillicothe is currently $142,086, so you could be looking at a value of about $5,826 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Chillicothe is a worthwhile investment.

How many solar panels should I get to power 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 generally produce about 250 to 400 watt-hours per hour, the average household 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.

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