Solar Panel Cost Guide in Flagg, IL (2024 Update)
- Flagg Solar Installation Cost: $17,094
- 25-Year Savings: $12,440
- Payback Period: 17.2 Years
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Average Cost of Solar Panels in Flagg
Find out what the average cost of a solar system is in Flagg.
In Flagg, solar panels cost about 4 per watt on average.The average Flagg homeowner needs a 6.5-kilowatt system, which would cost about $17,094 with the federal tax credit, or $24,444 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Flagg homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $15,000 in savings on utility bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Flagg
| Year | Return on Investment |
|---|---|
| 1 years | $-15,938 |
| 3 years | $-13,626 |
| 5 years | $-11,313 |
| 7 years | $-9,001 |
| 9 years | $-6,689 |
| 11 years | $-4,376 |
| 13 years | $-2,064 |
| 15 years | $248 |
| 17 years | $2,561 |
| 19 years | $4,873 |
| 21 years | $7,186 |
| 23 years | $9,498 |
| 25 years | $11,810 |
Top Solar Installers in Flagg
When making the switch to solar, many homeowners opt to use a solar installation company since DIY solar panel installation can be a time-consuming project. Plus, if you’re not certain what kind of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Flagg
Factors that Affect Solar Panel Costs in Flagg
Even though the average cost of a solar system in Flagg is $17,094, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, 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 original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Flagg, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering 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 | $6,535 | 17.9 years |
| 8 kW | $3.84 | $21,477 | $9,134 | 17.5 years |
| 10 kW | $3.76 | $26,320 | $11,944 | 17.2 years |
| 12 kW | $3.68 | $30,952 | $14,965 | 16.9 years |
| 14 kW | $3.61 | $35,374 | $18,196 | 16.5 years |
| 16 kW | $3.53 | $39,585 | $21,638 | 16.2 years |
| 18 kW | $3.46 | $43,586 | $25,290 | 15.8 years |
| 20 kW | $3.38 | $47,376 | $29,153 | 15.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Flagg, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
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 Flagg, IL Solar Cost FAQs
What is the average cost of installing solar panels in Flagg?
The average cost of solar panels in Flagg is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than 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.
Do solar panels increase the value of your home?
Solar panels can increase your property’s 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."
How often do you have to replace solar panels?
On average, solar panels can last 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 larger 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.