Solar Panel Cost Guide in Herrin, IL (2023 Update)
- Herrin Solar Installation Cost: $11,575
- 25-Year Savings: $11,814
- Payback Period: 12.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Herrin
Find out how much it might cost to switch to solar power in Herrin.
While the national average of solar panels is $2.66 per watt, solar panels in Herrin generally cost around 2.73. The average Herrin homeowner needs a 6.1-kilowatt system, which would cost about $11,581 with the federal tax credit, or $16,561 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy consumption and what company you go with. Even with the large upfront cost, the average Herrin homeowner can save about $15,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a highly rated solar panel company in Herrin for a personalized quote.
Solar savings over time in Herrin
| Year | Return on Investment |
|---|---|
| 1 years | $-11,497 |
| 3 years | $-11,342 |
| 5 years | $-11,186 |
| 7 years | $-11,030 |
| 9 years | $-10,874 |
| 11 years | $-10,718 |
| 13 years | $-10,562 |
| 15 years | $-10,406 |
| 17 years | $-10,250 |
| 19 years | $-10,094 |
| 21 years | $-9,938 |
| 23 years | $-9,782 |
| 25 years | $-9,626 |
Top Solar Installers in Herrin
Although you can install solar panels by yourself, it involves extra labor and knowledge. For that reason, the majority of homeowners choose a solar panel installer. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for you.
Working with a professional solar installer 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
See all of the solar companies in Herrin
Factors that Affect Solar Panel Costs in Herrin
The cost of installing a solar system in Herrin can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Herrin, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by around $2,730 for each additional kilowatt you need. The brand of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Further, solar equipment consists of 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's in your budget.
Solar Financing Terms
Most solar companies in Herrin have solar loans, which reduce your upfront costs of installing solar. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact your pricing. Herrin's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also fits within 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 | $2.84 | $11,925 | $11,243 | 12.9 years |
| 8 kW | $2.78 | $15,594 | $15,296 | 12.6 years |
| 10 kW | $2.73 | $19,110 | $19,503 | 12.4 years |
| 12 kW | $2.68 | $22,473 | $23,862 | 12.1 years |
| 14 kW | $2.62 | $25,684 | $28,374 | 11.9 years |
| 16 kW | $2.57 | $28,741 | $33,039 | 11.6 years |
| 18 kW | $2.51 | $31,646 | $37,857 | 11.4 years |
| 20 kW | $2.46 | $34,398 | $42,828 | 11.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- 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 solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Warranty: If you care about the durability of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Herrin, IL Solar Cost FAQs
How much does it cost to install solar panels in Herrin?
The average cost of solar panels in Herrin is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real 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.
What other factors should I consider other than cost when buying solar panels?
The upfront 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 cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Herrin is currently $126,218, so you can expect a value of about $5,175 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Herrin is a fruitful investment.
How long do solar panels last in Herrin?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.