Solar Panel Cost Guide in Jerseyville, IL (2023 Update)
- Jerseyville Solar Installation Cost: $11,707
- 25-Year Savings: $18,229
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Jerseyville
We break down average solar pricing in Jerseyville.
While the national average of solar panels is $2.66 per watt, solar panels in Jerseyville generally cost about 2.73. The average solar panel system size in Jerseyville is around 6.1 kilowatts, meaning a cost of about $11,714 for a solar installation, or $16,751 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Jerseyville homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $19,000 on power bills over 20 years, many homeowners in Jerseyville find installing solar panels can pay off big.
Click the button below to get connected to a top solar company in your area for a custom quote.
Solar savings over time in Jerseyville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,607 |
| 3 years | $-11,407 |
| 5 years | $-11,208 |
| 7 years | $-11,008 |
| 9 years | $-10,809 |
| 11 years | $-10,609 |
| 13 years | $-10,409 |
| 15 years | $-10,210 |
| 17 years | $-10,010 |
| 19 years | $-9,811 |
| 21 years | $-9,611 |
| 23 years | $-9,411 |
| 25 years | $-9,212 |
Top Solar Installers in Jerseyville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Using a solar company can make your swap to solar power much easier. The expertise that solar companies provide can be invaluable as well, especially if you don't quite know what type of solar equipment would be right for your home.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our recommendations for providers nearby:
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 Jerseyville
Factors that Affect Solar Panel Costs in Jerseyville
The cost of installing a solar system in Jerseyville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, 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 notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation 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 $2,730. There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Jerseyville have solar loans, which reduce your upfront costs of installing solar. While solar loans make adopting solar energy more accessible for Jerseyville 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 select will impact your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Jerseyville know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $17,396 | 10.2 years |
| 8 kW | $2.78 | $15,594 | $23,500 | 10.0 years |
| 10 kW | $2.73 | $19,110 | $29,757 | 9.8 years |
| 12 kW | $2.68 | $22,473 | $36,167 | 9.6 years |
| 14 kW | $2.62 | $25,684 | $42,730 | 9.4 years |
| 16 kW | $2.57 | $28,741 | $49,446 | 9.2 years |
| 18 kW | $2.51 | $31,646 | $56,315 | 9.0 years |
| 20 kW | $2.46 | $34,398 | $63,336 | 8.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
- Contract: Before you sign a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Jerseyville, IL Solar Cost FAQs
How much does it cost to install solar panels in Jerseyville?
The average cost of solar panels in Jerseyville 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 certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Jerseyville?
Solar panels aren't free in Jerseyville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Jerseyville have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Jerseyville?
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 higher 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.