Solar Panel Cost Guide in Dunleith, IL (2023 Update)
- Dunleith Solar Installation Cost: $12,460
- 25-Year Savings: $21,541
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Dunleith
We break down average solar pricing in Dunleith.
While the national average of solar panels is $2.66 per watt, solar panels in Dunleith generally cost about 2.73. Since a 6.5-kW system is needed to cover the energy consumption of a typical home in Dunleith, the average price of going solar will be about $12,460 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar is worth paying. On average Dunleith homeowners see about $20,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Dunleith for a quote for your home.
Solar savings over time in Dunleith
| Year | Return on Investment |
|---|---|
| 1 years | $-11,100 |
| 3 years | $-8,380 |
| 5 years | $-5,660 |
| 7 years | $-2,940 |
| 9 years | $-220 |
| 11 years | $2,501 |
| 13 years | $5,221 |
| 15 years | $7,941 |
| 17 years | $10,661 |
| 19 years | $13,381 |
| 21 years | $16,101 |
| 23 years | $18,821 |
| 25 years | $21,541 |
Top Solar Installers in Dunleith
Trying to put up solar panels on your own can be a stressful undertaking, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Dunleith
Factors that Affect Solar Panel Costs in Dunleith
While the average cost of a solar system in Dunleith is $12,460, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Dunleith, one of the most important 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 figure out by looking at past electricity bills. Your overall cost can increase by about $2,730 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Dunleith homeowners choose to finance their solar panel systems to offset upfront costs. Though solar loans make adopting solar energy more accessible for Dunleith homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can affect your pricing. Dunleith's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Dunleith know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $19,356 | 9.5 years |
| 8 kW | $2.78 | $15,594 | $26,113 | 9.3 years |
| 10 kW | $2.73 | $19,110 | $33,024 | 9.2 years |
| 12 kW | $2.68 | $22,473 | $40,087 | 9.0 years |
| 14 kW | $2.62 | $25,684 | $47,304 | 8.8 years |
| 16 kW | $2.57 | $28,741 | $54,673 | 8.6 years |
| 18 kW | $2.51 | $31,646 | $62,195 | 8.4 years |
| 20 kW | $2.46 | $34,398 | $69,870 | 8.2 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 challenge, we have some tips to help you, such as:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Dunleith, IL Solar Cost FAQs
What is the average cost of installing solar panels in Dunleith?
This is a tough question to answer precisely, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Dunleith?
You can't get solar panels for free in Dunleith. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,042.68 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses 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 house 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.