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

  • Havana Solar Installation Cost: $16,679
  • 25-Year Savings: $13,342
  • Payback Period: 16.4 Years

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By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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Average Cost of Solar Panels in Havana

Let’s take a look at the average cost of solar in Havana.

In Havana, solar panels cost about 4 per watt on average.The average solar panel system size in Havana is around 6.3 kilowatts, meaning a cost of about $16,679 for a solar installation, or $23,851 before the 0 federal solar tax credit is applied.

These figures are only averages, and how much solar costs for you may differ based on the amount of energy your home requires and what company you choose to go with.With typical savings of about $15,000 on energy bills over 20 years, many homeowners in Havana find installing solar panels can pay off big.

To receive a free estimate from a highly rated solar installer in Havana, you can click the button below.

Solar savings over time in Havana

Year Return on Investment
1 years $-15,828
3 years $-14,127
5 years $-12,426
7 years $-10,724
9 years $-9,023
11 years $-7,322
13 years $-5,621
15 years $-3,919
17 years $-2,218
19 years $-517
21 years $1,185
23 years $2,886
25 years $4,587

Top Solar Installers in Havana

Trying to install solar panels by yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.

There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:

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 Havana

Factors that Affect Solar Panel Costs in Havana

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

Solar Equipment

The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have 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 $3,760.The brand of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider 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 into a solar system that’s in your budget.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Havana homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your all-in costs, so it’s important to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Havana, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that provides the products, warranties and services you want and also fit into your budget.

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 $7,674 17.0 years
8 kW $3.84 $21,477 $10,654 16.7 years
10 kW $3.76 $26,320 $13,843 16.4 years
12 kW $3.68 $30,952 $17,244 16.1 years
14 kW $3.61 $35,374 $20,855 15.7 years
16 kW $3.53 $39,585 $24,676 15.4 years
18 kW $3.46 $43,586 $28,708 15.1 years
20 kW $3.38 $47,376 $32,951 14.7 years

How to Save on Solar Panels

The solar installer you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:

  • Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
  • Warranty: If you’re concerned about the longevity of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Look through the contract terms carefully to make sure you understand the overall cost, completion timeline incentives and warranties.

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 Havana, IL Solar Cost FAQs

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

This is a difficult question to answer exactly, because the cost depends on many 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.

Can you get solar panels for 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 prefer to own your solar panels, you can finance them with a solar loan.

How will installing solar panels impact my home value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Havana is currently $81,488, so you can look forward to a value of about $3,341 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Havana is a worthwhile investment.

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 how much 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 get 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.

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