Solar Panel Cost Guide in Havana, IL (2023 Update)
- Havana Solar Installation Cost: $12,116
- 25-Year Savings: $13,336
- Payback Period: 11.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Havana
Find out what the average cost of a solar system is in Havana.
In Havana, solar panels cost about 2.73 per watt on average. Using this figure, a typical 6.3-kW system would cost about $12,116 before the 30% federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will differ based on your specific situation and what company you go with. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar company in Havana for a custom estimate.
Solar savings over time in Havana
| Year | Return on Investment |
|---|---|
| 1 years | $-11,098 |
| 3 years | $-9,062 |
| 5 years | $-7,025 |
| 7 years | $-4,989 |
| 9 years | $-2,953 |
| 11 years | $-917 |
| 13 years | $1,119 |
| 15 years | $3,155 |
| 17 years | $5,191 |
| 19 years | $7,228 |
| 21 years | $9,264 |
| 23 years | $11,300 |
| 25 years | $13,336 |
Top Solar Installers in Havana
When going solar, many homeowners choose to go with a solar company since putting up solar panels yourself can be a difficult project. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Havana
Factors that Affect Solar Panel Costs in Havana
Although the average cost of a solar system in Havana is $12,116, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you get for your solar system can raise or lower 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. Though solar loans make going solar more accessible for Havana homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Havana, and each can charge varying amounts for labor and equipment. Additionally, some companies in Havana know more 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 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 | $2.84 | $11,925 | $12,173 | 12.4 years |
| 8 kW | $2.78 | $15,594 | $16,537 | 12.1 years |
| 10 kW | $2.73 | $19,110 | $21,053 | 11.9 years |
| 12 kW | $2.68 | $22,473 | $25,723 | 11.7 years |
| 14 kW | $2.62 | $25,684 | $30,545 | 11.4 years |
| 16 kW | $2.57 | $28,741 | $35,520 | 11.2 years |
| 18 kW | $2.51 | $31,646 | $40,648 | 10.9 years |
| 20 kW | $2.46 | $34,398 | $45,929 | 10.7 years |
How to Save on Solar Panels
There are numerous companies to choose from in Havana, 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:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Contract: Read the contract terms carefully to make sure you understand the overall cost, project timeline rebates and warranties.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of 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 good reviews from past customers.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Havana, IL Solar Cost FAQs
How much does it cost to install solar panels in Havana?
The average cost of solar panels in Havana 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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Havana?
You can't get solar panels for free in Havana. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.