Solar Panel Cost Guide in Flagg, IL (Mar 2023)
- Flagg Solar Installation Cost: $12,402
- 25-Year Savings: $12,450
- Payback Period: 12.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Flagg
Find out how much it might cost to go solar in Flagg.
In Flagg, solar panels cost about 2.73 per watt on average. The average Flagg homeowner needs a 6.5-kilowatt system, which would cost about $12,402 with the federal tax credit, or $17,735 before the 30% tax credit is applied.
The true cost of your system can go higher or lower than the average in Flagg based on a few factors, such as the kind of solar panels you choose and the solar company you hire. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Flagg can save about $15,000 on their energy bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Flagg, you can click the button below.
Solar savings over time in Flagg
| Year | Return on Investment |
|---|---|
| 1 years | $-11,408 |
| 3 years | $-9,420 |
| 5 years | $-7,432 |
| 7 years | $-5,444 |
| 9 years | $-3,456 |
| 11 years | $-1,468 |
| 13 years | $521 |
| 15 years | $2,509 |
| 17 years | $4,497 |
| 19 years | $6,485 |
| 21 years | $8,473 |
| 23 years | $10,461 |
| 25 years | $12,450 |
Top Solar Installers in Flagg
Many homeowners decide to use a solar panel company since trying to put up solar panels on your own can be time-consuming. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Flagg
Factors that Affect Solar Panel Costs in Flagg
For many Flagg homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Flagg, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,730. 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. In addition, the type of equipment you're looking 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Flagg homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your overall costs, so it's important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact your pricing. Flagg's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Flagg are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $11,034 | 13.0 years |
| 8 kW | $2.78 | $15,594 | $15,018 | 12.7 years |
| 10 kW | $2.73 | $19,110 | $19,154 | 12.5 years |
| 12 kW | $2.68 | $22,473 | $23,444 | 12.2 years |
| 14 kW | $2.62 | $25,684 | $27,886 | 12.0 years |
| 16 kW | $2.57 | $28,741 | $32,481 | 11.7 years |
| 18 kW | $2.51 | $31,646 | $37,230 | 11.5 years |
| 20 kW | $2.46 | $34,398 | $42,131 | 11.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- 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.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should go with, since different companies offer different panels.
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 Flagg, IL Solar Cost FAQs
How much does it cost to install solar panels in Flagg?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for 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 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.