Solar Panel Cost Guide in Creve Coeur, IL (Dec 2022)

  • Creve Coeur Solar Installation Cost: $12,154
  • 25-Year Savings: $7,676
  • Payback Period: 15.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Creve Coeur

Find out how much it might cost to go solar in Creve Coeur.

In Creve Coeur, solar panels cost about $3 per watt on average. Using this figure, a typical 6.4 would cost about $12,154 before the 30% federal solar tax credit is applied.

The actual price you pay can go higher or lower than the average in Creve Coeur based on several factors, such as the type of solar panels you choose and the solar company you hire. For most homeowners, the upfront investment in solar panels is worth paying. On average Creve Coeur homeowners see about $12,000 in savings on electricity bills over 20 years.

To see your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Creve Coeur

Year Return on Investment
1 years $-11,361
3 years $-9,774
5 years $-8,188
7 years $-6,601
9 years $-5,015
11 years $-3,429
13 years $-1,842
15 years $-256
17 years $1,331
19 years $2,917
21 years $4,503
23 years $6,090
25 years $7,676

Top Solar Installers in Creve Coeur

Although you can install solar panels by yourself, it involves extra energy and know-how. That's one of the reasons almost all homeowners choose a solar panel installer. Plus, if you're not certain what kind of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.

If you'd like to start using solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers in Creve Coeur:

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 Creve Coeur

Factors that Affect Solar Panel Costs in Creve Coeur

For many Creve Coeur homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Creve Coeur, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar panel system in Creve Coeur, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by about $2,730 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Creve Coeur, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. 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're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.

Solar Panel Installation Company

The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating in Creve Coeur, and each can charge different amounts for labor and equipment. Additionally, some companies in Creve Coeur have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

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 $6,772 15.9 years
8 kW $2.78 $15,594 $9,336 15.6 years
10 kW $2.73 $19,110 $12,052 15.3 years
12 kW $2.68 $22,473 $14,921 15.0 years
14 kW $2.62 $25,684 $17,943 14.7 years
16 kW $2.57 $28,741 $21,117 14.4 years
18 kW $2.51 $31,646 $24,445 14.1 years
20 kW $2.46 $34,398 $27,925 13.8 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:

  • Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
  • Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
  • Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.

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 Creve Coeur, IL Solar Cost FAQs

What is the average cost of installing solar panels in Creve Coeur?

The average cost of solar panels in Creve Coeur is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors 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 Creve Coeur?

Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.

How much can I save on electricity bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $623.23 per year.

How long do solar panels last in Creve Coeur?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can 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.

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