Solar Panel Cost Guide in Creve Coeur, IL (2024 Update)
- Creve Coeur Solar Installation Cost: $16,749
- 25-Year Savings: $7,669
- Payback Period: 21.1 Years
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Average Cost of Solar Panels in Creve Coeur
Let’s take a look at the average cost of solar in Creve Coeur.
In Creve Coeur, solar panels cost about 4 per watt on average.The average Creve Coeur homeowner needs a 6.4-kilowatt system, which would cost about $16,749 with the federal tax credit, or $23,951 before the 0 tax credit is applied.
These figures are just averages, and your own solar costs may look different based on your specific situation and what company you choose to go with.Many homeowners find going solar is a solid investment. The average homeowner in Creve Coeur can save about $12,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar installer in Creve Coeur for a quote for your home.
Solar savings over time in Creve Coeur
| Year | Return on Investment |
|---|---|
| 1 years | $-15,898 |
| 3 years | $-14,197 |
| 5 years | $-12,496 |
| 7 years | $-10,795 |
| 9 years | $-9,093 |
| 11 years | $-7,392 |
| 13 years | $-5,691 |
| 15 years | $-3,989 |
| 17 years | $-2,288 |
| 19 years | $-587 |
| 21 years | $1,115 |
| 23 years | $2,816 |
| 25 years | $4,517 |
Top Solar Installers in Creve Coeur
Although it's possible to install solar panels by yourself, it takes extra effort and know-how. For that reason, almost all homeowners choose a solar panel installer. Plus, if you’re unsure what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar company in Creve Coeur, the EcoWatch team has compiled a list of our top suggestions here:
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 Creve Coeur
Factors that Affect Solar Panel Costs in Creve Coeur
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Creve Coeur: 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 cost of a solar panel system in Creve Coeur, 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 usage, which you can gauge by looking at past power bills. Your overall cost can increase by about $3,760 for each additional kilowatt you need.The type of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, 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 looking for a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Creve Coeur provide solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also increases your total costs, so it’s vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Creve Coeur, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $2,273 | 22.0 years |
| 8 kW | $3.84 | $21,477 | $3,452 | 21.5 years |
| 10 kW | $3.76 | $26,320 | $4,842 | 21.1 years |
| 12 kW | $3.68 | $30,952 | $6,442 | 20.7 years |
| 14 kW | $3.61 | $35,374 | $8,252 | 20.3 years |
| 16 kW | $3.53 | $39,585 | $10,273 | 19.8 years |
| 18 kW | $3.46 | $43,586 | $12,505 | 19.4 years |
| 20 kW | $3.38 | $47,376 | $14,947 | 19.0 years |
How to Save on Solar Panels
There are a large number of companies available in Creve Coeur, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process works and the project completion timeline.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
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 Creve Coeur, IL Solar Cost FAQs
How much does it cost to install solar panels in Creve Coeur?
The average cost of solar panels in Creve Coeur 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Creve Coeur?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size 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 home 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.