Solar Panel Cost Guide in Jarvis, IL (2023 Update)
- Jarvis Solar Installation Cost: $11,695
- 25-Year Savings: $12,849
- Payback Period: 11.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Jarvis
We break down average solar pricing in Jarvis.
The national average cost of solar panels is $2.66 per watt, but in Jarvis it's 2.73 per watt. To account for the typical energy usage of the average home in Jarvis, most homeowners require a 6.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,695, or $16,724 before the federal solar tax credit of 30% is applied.
These figures are just averages, and how much solar costs for you will most likely differ based on the amount of energy your home requires and what company you choose to go with. For most homeowners, the upfront cost of solar is worth paying. On average Jarvis homeowners see about $15,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a customized quote.
Solar savings over time in Jarvis
| Year | Return on Investment |
|---|---|
| 1 years | $-10,714 |
| 3 years | $-8,750 |
| 5 years | $-6,786 |
| 7 years | $-4,823 |
| 9 years | $-2,859 |
| 11 years | $-896 |
| 13 years | $1,068 |
| 15 years | $3,032 |
| 17 years | $4,995 |
| 19 years | $6,959 |
| 21 years | $8,922 |
| 23 years | $10,886 |
| 25 years | $12,849 |
Top Solar Installers in Jarvis
Although you can install solar panels on your own, it involves extra time and know-how. Because of that, almost all homeowners choose to hire a solar panel installer. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
If you'd like to start using solar energy but still aren't sure which solar installer to go with, here are our recommendations for providers in Jarvis:
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 Jarvis
Factors that Affect Solar Panel Costs in Jarvis
There are a number of factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,730 per kilowatt in Jarvis. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Jarvis provide solar loans, which reduce your upfront costs of installing solar panels. Though solar loans make switching to solar energy more accessible for Jarvis homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Jarvis, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $12,149 | 12.4 years |
| 8 kW | $2.78 | $15,594 | $16,504 | 12.1 years |
| 10 kW | $2.73 | $19,110 | $21,013 | 11.9 years |
| 12 kW | $2.68 | $22,473 | $25,674 | 11.7 years |
| 14 kW | $2.62 | $25,684 | $30,488 | 11.4 years |
| 16 kW | $2.57 | $28,741 | $35,455 | 11.2 years |
| 18 kW | $2.51 | $31,646 | $40,574 | 11.0 years |
| 20 kW | $2.46 | $34,398 | $45,847 | 10.7 years |
How to Save on Solar Panels
The solar company you opt for will impact 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 a few important things you should keep in mind, including:
- Solar Panel Brands: Different companies will have different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
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 Jarvis, IL Solar Cost FAQs
How much does it cost to install solar panels in Jarvis?
The average cost of solar panels in Jarvis 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 model 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?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Jarvis have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.