Solar Panel Cost Guide in Edwardsville, IL (2024 Update)

  • Edwardsville Solar Installation Cost: $16,101
  • 25-Year Savings: $10,565
  • Payback Period: 18.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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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

See how much it might cost to make the switch to solar in Edwardsville.

The average cost of a solar system in Edwardsville is 4 per watt.To cover the typical energy needs of the average home in Edwardsville, most homeowners require a 6.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,101, or $23,024 before the federal solar tax credit of 0 is applied.

The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary based on a few factors, such as how many panels you need, your energy consumption and what company you go with.Many homeowners find going solar is a solid investment. The average homeowner in Edwardsville can save about $14,000 on their power bills over 20 years.

You can click the button below to get connected with a vetted solar installer in Edwardsville for a quote for your home.

Solar savings over time in Edwardsville

Year Return on Investment
1 years $-15,250
3 years $-13,549
5 years $-11,848
7 years $-10,147
9 years $-8,445
11 years $-6,744
13 years $-5,043
15 years $-3,341
17 years $-1,640
19 years $61
21 years $1,763
23 years $3,464
25 years $5,165

Top Solar Installers in Edwardsville

DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of an installer can make your switch to solar power much easier. Solar warranties and repairs are usually included in the cost of installation when you hire a solar contractor as well, which can save you more money after your initial investment.

You can get a free quote from a local solar installer 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

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Edwardsville

Factors that Affect Solar Panel Costs in Edwardsville

The cost of installing a solar system in Edwardsville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Edwardsville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

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. Thankfully, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.While solar loans make going solar more accessible for Edwardsville homeowners, they can also increase 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

The solar installer you select will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Edwardsville are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 $3.91 $16,424 $5,405 18.8 years
8 kW $3.84 $21,477 $7,627 18.4 years
10 kW $3.76 $26,320 $10,060 18.1 years
12 kW $3.68 $30,952 $12,704 17.7 years
14 kW $3.61 $35,374 $15,558 17.4 years
16 kW $3.53 $39,585 $18,623 17.0 years
18 kW $3.46 $43,586 $21,899 16.6 years
20 kW $3.38 $47,376 $25,385 16.3 years

How to Save on Solar Panels

There are a large number of companies available in Edwardsville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:

  • Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
  • Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.

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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Edwardsville, IL Solar Cost FAQs

What is the average cost of installing solar panels in Edwardsville?

The average cost of solar panels in Edwardsville is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider aside from cost when buying solar panels?

The initial cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.

Do solar panels increase your home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Edwardsville is currently $291,683, which means you can expect a value of about $11,959 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Edwardsville is a fruitful investment.

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 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.

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