Solar Panel Cost Guide in Du Quoin, IL (2024 Update)
- Du Quoin Solar Installation Cost: $16,014
- 25-Year Savings: $12,191
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in Du Quoin
We break down average solar pricing in Du Quoin.
The average cost of a solar system in Du Quoin is 4 per watt.Since a 6.1-kW system is needed to cover the energy consumption of a typical home in Du Quoin, the average price of going solar will be about $16,014 after claiming the federal solar tax credit of 0.
The true cost of your system can be above or below the average in Du Quoin depending on a few factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Du Quoin can save around $15,000 on their electricity bills over 20 years.
To get a free estimate from a vetted solar company in Du Quoin, you can click the button below.
Solar savings over time in Du Quoin
| Year | Return on Investment |
|---|---|
| 1 years | $-15,163 |
| 3 years | $-13,462 |
| 5 years | $-11,761 |
| 7 years | $-10,060 |
| 9 years | $-8,358 |
| 11 years | $-6,657 |
| 13 years | $-4,956 |
| 15 years | $-3,254 |
| 17 years | $-1,553 |
| 19 years | $148 |
| 21 years | $1,850 |
| 23 years | $3,551 |
| 25 years | $5,252 |
Top Solar Installers in Du Quoin
When going solar, many homeowners prefer to go with a solar company since installing a solar system yourself can be a challenging project. Another great thing about choosing a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Du Quoin
Factors that Affect Solar Panel Costs in Du Quoin
Even though the average cost of a solar system in Du Quoin is $16,014, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,760.The brand of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions 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 in cash is too expensive, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Du Quoin, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fit into your budget.
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 | $7,065 | 17.5 years |
| 8 kW | $3.84 | $21,477 | $9,841 | 17.1 years |
| 10 kW | $3.76 | $26,320 | $12,827 | 16.8 years |
| 12 kW | $3.68 | $30,952 | $16,024 | 16.5 years |
| 14 kW | $3.61 | $35,374 | $19,432 | 16.1 years |
| 16 kW | $3.53 | $39,585 | $23,050 | 15.8 years |
| 18 kW | $3.46 | $43,586 | $26,879 | 15.5 years |
| 20 kW | $3.38 | $47,376 | $30,918 | 15.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Warranty: If you’re concerned about the endurance of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Du Quoin, IL Solar Cost FAQs
How much does it cost to install solar panels in Du Quoin?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Du Quoin?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.