Solar Panel Cost Guide in Du Quoin, IL (2023 Update)
- Du Quoin Solar Installation Cost: $11,627
- 25-Year Savings: $12,191
- Payback Period: 12.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Du Quoin
Let's take a look at the average cost of solar in Du Quoin.
Although the national average of solar panels is $2.66 per watt, solar panels in Du Quoin generally cost about 2.73. The average Du Quoin homeowner needs a 6.1-kilowatt system, which would cost about $11,619 with the federal tax credit, or $16,615 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what installation company you go with. For most homeowners, the upfront cost of solar panels is worth paying. On average Du Quoin homeowners see about $15,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar installer in Du Quoin for a customized quote.
Solar savings over time in Du Quoin
| Year | Return on Investment |
|---|---|
| 1 years | $-11,548 |
| 3 years | $-11,389 |
| 5 years | $-11,230 |
| 7 years | $-11,071 |
| 9 years | $-10,913 |
| 11 years | $-10,754 |
| 13 years | $-10,595 |
| 15 years | $-10,436 |
| 17 years | $-10,277 |
| 19 years | $-10,119 |
| 21 years | $-9,960 |
| 23 years | $-9,801 |
| 25 years | $-9,642 |
Top Solar Installers in Du Quoin
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be time-consuming. Some solar companies, especially local ones, can help you better understand incentives in Du Quoin, therefore optimizing your ROI.
If you're searching for a solar installer in Du Quoin, we've put together 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
See all of the solar companies in Du Quoin
Factors that Affect Solar Panel Costs in Du Quoin
Though the average cost of a solar system in Du Quoin is $11,619, your actual cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation 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 $2,730. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 can expect 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
If paying for solar panels out of pocket is difficult, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Du Quoin, you'll have many options to choose from, but each comes at varying price points for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $11,564 | 12.7 years |
| 8 kW | $2.78 | $15,594 | $15,724 | 12.4 years |
| 10 kW | $2.73 | $19,110 | $20,037 | 12.2 years |
| 12 kW | $2.68 | $22,473 | $24,503 | 12.0 years |
| 14 kW | $2.62 | $25,684 | $29,122 | 11.7 years |
| 16 kW | $2.57 | $28,741 | $33,894 | 11.5 years |
| 18 kW | $2.51 | $31,646 | $38,819 | 11.2 years |
| 20 kW | $2.46 | $34,398 | $43,896 | 11.0 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Du Quoin, IL Solar Cost FAQs
What is the average cost of installing solar panels in Du Quoin?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Du Quoin?
Leasing solar panels can be an option if you can't 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 home 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.
Is switching to solar power 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 fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.