Solar Panel Cost Guide in Jerseyville, IL (2024 Update)
- Jerseyville Solar Installation Cost: $16,123
- 25-Year Savings: $18,229
- Payback Period: 13.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Jerseyville
Find out what the average cost of a solar system is in Jerseyville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Jerseyville, the average cost of solar panels is 4 per watt.The average Jerseyville homeowner needs a 6.1-kilowatt system, which would cost about $16,123 with the federal tax credit, or $23,056 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more.For most homeowners, the upfront cost of solar is worth paying. On average Jerseyville homeowners see about $19,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Jerseyville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Jerseyville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,273 |
| 3 years | $-13,571 |
| 5 years | $-11,870 |
| 7 years | $-10,169 |
| 9 years | $-8,468 |
| 11 years | $-6,766 |
| 13 years | $-5,065 |
| 15 years | $-3,364 |
| 17 years | $-1,662 |
| 19 years | $39 |
| 21 years | $1,740 |
| 23 years | $3,441 |
| 25 years | $5,143 |
Top Solar Installers in Jerseyville
Many homeowners opt for a solar installer since trying to install solar panels on your own can be a labor-intensive endeavor. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for your home.
If you're searching for a solar company in Jerseyville, we've organized a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- 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 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 most significant one is your system size, 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 main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,760.There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get 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
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Jerseyville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.Though solar loans make switching to solar energy more accessible for Jerseyville homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies in Jerseyville, and each can charge different amounts for labor and 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 come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for 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 | $12,897 | 14.0 years |
| 8 kW | $3.84 | $21,477 | $17,617 | 13.7 years |
| 10 kW | $3.76 | $26,320 | $22,547 | 13.5 years |
| 12 kW | $3.68 | $30,952 | $27,688 | 13.2 years |
| 14 kW | $3.61 | $35,374 | $33,040 | 12.9 years |
| 16 kW | $3.53 | $39,585 | $38,602 | 12.7 years |
| 18 kW | $3.46 | $43,586 | $44,375 | 12.4 years |
| 20 kW | $3.38 | $47,376 | $50,358 | 12.1 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: The model of solar panel you need plays a part in which installer you should go with, since different companies offer different panels.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Jerseyville, IL Solar Cost FAQs
What is the average cost of installing solar panels in Jerseyville?
The average cost of solar panels in Jerseyville is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Jerseyville?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs 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 home 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.