Solar Panel Cost Guide in Edwardsville, IL (Jan 2023)

  • Edwardsville Solar Installation Cost: $11,695
  • 25-Year Savings: $10,560
  • Payback Period: 13.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Edwardsville

We break down average solar pricing in Edwardsville.

The average cost of a solar system in Edwardsville is $3 per watt. Since a 6.1-kW system is needed to cover the energy consumption of a typical home in Edwardsville, the average price of going solar will be about $11,695 before claiming the federal solar tax credit of 30%.

These figures are only averages, and how much solar costs for you will differ based on the amount of energy your home requires and what company you choose to go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Edwardsville can save around $14,000 on their power bills over 20 years.

You can click the button below to get connected with a top solar installer in Edwardsville that can help you get a more accurate cost estimate for your home.

Solar savings over time in Edwardsville

Year Return on Investment
1 years $-10,805
3 years $-9,025
5 years $-7,244
7 years $-5,464
9 years $-3,683
11 years $-1,903
13 years $-122
15 years $1,658
17 years $3,438
19 years $5,219
21 years $6,999
23 years $8,780
25 years $10,560

Top Solar Installers in Edwardsville

Many homeowners choose to hire a solar panel installer since installing solar panels on your own can be a labor-intensive endeavor. Also, companies with a high reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:

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 Edwardsville

Factors that Affect Solar Panel Costs in Edwardsville

For many Edwardsville homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Edwardsville, with typical prices between $20,000 to $40,000. There are various 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 energy system in Edwardsville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,730 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Edwardsville average.

Solar Financing Terms

Many homeowners find the average cost of solar in Edwardsville to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time because of interest. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

The solar company you choose to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Edwardsville, and each can charge different amounts for labor and equipment. Additionally, some companies in Edwardsville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 $9,904 13.7 years
8 kW $2.78 $15,594 $13,511 13.4 years
10 kW $2.73 $19,110 $17,270 13.1 years
12 kW $2.68 $22,473 $21,183 12.9 years
14 kW $2.62 $25,684 $25,249 12.6 years
16 kW $2.57 $28,741 $29,467 12.3 years
18 kW $2.51 $31,646 $33,839 12.1 years
20 kW $2.46 $34,398 $38,363 11.8 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
  • Solar Panel Brands: The model of solar panel you'd like to install plays a part in which installer you should opt for, since different companies provide different panels.
  • Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.

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 Edwardsville, IL Solar Cost FAQs

How much does it cost to install solar panels in Edwardsville?

The average cost of solar panels in Edwardsville 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider in addition to cost 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 going solar worth it?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates 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 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 cover 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.

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