Solar Panel Cost Guide in Felix, IL (2024 Update)
- Felix Solar Installation Cost: $16,937
- 25-Year Savings: $10,314
- Payback Period: 18.7 Years
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Average Cost of Solar Panels in Felix
We break down average solar pricing in Felix.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Felix, the average cost of a solar system is 4 per watt.Since a 6.4-kW system is needed to cover the energy needs of a typical home in Felix, the average price of going solar will be about $16,937 after claiming the federal solar tax credit of 0.
The true price you pay can go above or below the average in Felix based on a few factors, such as the kind of solar panels you choose and the solar installer you hire.Even with the large initial cost, the average Felix homeowner can save around $13,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a highly rated solar panel company in Felix for a personalized quote.
Solar savings over time in Felix
| Year | Return on Investment |
|---|---|
| 1 years | $-15,781 |
| 3 years | $-13,469 |
| 5 years | $-11,157 |
| 7 years | $-8,844 |
| 9 years | $-6,532 |
| 11 years | $-4,219 |
| 13 years | $-1,907 |
| 15 years | $405 |
| 17 years | $2,718 |
| 19 years | $5,030 |
| 21 years | $7,342 |
| 23 years | $9,655 |
| 25 years | $11,967 |
Top Solar Installers in Felix
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with an installer can make converting to solar power much easier. Another upside of using a solar company is that they can help you make the most of your investment by bringing down your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
If you're searching for a solar company in Felix, the EcoWatch team has organized a list of our top suggestions here:
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 Felix
Factors that Affect Solar Panel Costs in Felix
The cost of installing a solar system in Felix can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, 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. The model of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Felix, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of 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
The solar company you pick will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $4,659 | 19.5 years |
| 8 kW | $3.84 | $21,477 | $6,633 | 19.1 years |
| 10 kW | $3.76 | $26,320 | $8,817 | 18.7 years |
| 12 kW | $3.68 | $30,952 | $11,212 | 18.4 years |
| 14 kW | $3.61 | $35,374 | $13,818 | 18.0 years |
| 16 kW | $3.53 | $39,585 | $16,634 | 17.6 years |
| 18 kW | $3.46 | $43,586 | $19,661 | 17.2 years |
| 20 kW | $3.38 | $47,376 | $22,899 | 16.9 years |
How to Save on Solar Panels
The company that does your solar system 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:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- 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.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, completion timeline rebates and warranties.
- Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar installer. See to it that you understand how the installation process works and the project timeline.
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 Felix, IL Solar Cost FAQs
What is the average cost of installing solar panels in Felix?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
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 trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is it worth going solar in Felix?
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 power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.