Solar Panel Cost Guide in Dunleith, IL (2024 Update)
- Dunleith Solar Installation Cost: $17,165
- 25-Year Savings: $21,537
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Dunleith
Find out what the average cost of a solar system is in Dunleith.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Dunleith, the typical cost of solar panels is 4 per watt.To account for the typical energy usage of the average home in Dunleith, most homeowners require a 6.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $17,165, or $24,546 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you may differ based on factors unique to your home and what company you want to go with.Even with the high upfront cost, the average Dunleith homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a top solar company in Dunleith, you can click the button below.
Solar savings over time in Dunleith
| Year | Return on Investment |
|---|---|
| 1 years | $-15,707 |
| 3 years | $-12,791 |
| 5 years | $-9,876 |
| 7 years | $-6,960 |
| 9 years | $-4,044 |
| 11 years | $-1,128 |
| 13 years | $1,788 |
| 15 years | $4,703 |
| 17 years | $7,619 |
| 19 years | $10,535 |
| 21 years | $13,451 |
| 23 years | $16,367 |
| 25 years | $19,282 |
Top Solar Installers in Dunleith
When going solar, many homeowners choose to hire a solar company since installing solar panels yourself can be a time-consuming project. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company as well, which can save you more money over time.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Dunleith
Factors that Affect Solar Panel Costs in Dunleith
Though the average cost of a solar system in Dunleith is $17,165, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,760. There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Dunleith, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the total 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect your pricing. Dunleith’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment 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 | $14,857 | 13.1 years |
| 8 kW | $3.84 | $21,477 | $20,230 | 12.9 years |
| 10 kW | $3.76 | $26,320 | $25,814 | 12.6 years |
| 12 kW | $3.68 | $30,952 | $31,608 | 12.4 years |
| 14 kW | $3.61 | $35,374 | $37,613 | 12.1 years |
| 16 kW | $3.53 | $39,585 | $43,829 | 11.9 years |
| 18 kW | $3.46 | $43,586 | $50,255 | 11.6 years |
| 20 kW | $3.38 | $47,376 | $56,892 | 11.4 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Solar Panel Brands: Different companies have different brands and types of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Dunleith, IL Solar Cost FAQs
How much does it cost to install solar panels in Dunleith?
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. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Dunleith?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 buy 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.