Solar Panel Cost Guide in Kewanee, IL (2024 Update)
- Kewanee Solar Installation Cost: $16,922
- 25-Year Savings: $11,682
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Kewanee
Let’s have a look at the average cost of solar panels in Kewanee.
The average cost of solar panels in Kewanee is 4 per watt.To cover the typical energy usage of the average home in Kewanee, most homeowners require a 6.4-kilowatt system. Using the figure above, a solar installation costs around $16,922, or $24,198 before the federal solar tax credit of 0 is applied.
The true price you pay can go higher or lower than the average in Kewanee depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on energy bills.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Kewanee
| Year | Return on Investment |
|---|---|
| 1 years | $-16,071 |
| 3 years | $-14,370 |
| 5 years | $-12,668 |
| 7 years | $-10,967 |
| 9 years | $-9,266 |
| 11 years | $-7,565 |
| 13 years | $-5,863 |
| 15 years | $-4,162 |
| 17 years | $-2,461 |
| 19 years | $-759 |
| 21 years | $942 |
| 23 years | $2,643 |
| 25 years | $4,344 |
Top Solar Installers in Kewanee
When switching to solar energy, many homeowners prefer to go with a solar company since putting up a solar system yourself can be a difficult project. Solar companies offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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 Kewanee
Factors that Affect Solar Panel Costs in Kewanee
There are many criteria that can determine your solar panel 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 significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $3,760 per kilowatt in Kewanee.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Kewanee homeowners choose to finance their solar panel systems to offset upfront costs.Although solar loans make going solar more accessible for Kewanee homeowners, they can also add to 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 avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Kewanee, and each can charge varying amounts for labor and equipment.Companies that 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 with an above-average cost. It’s best to do some research and find a company that offers 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 | $3.91 | $16,424 | $5,944 | 18.4 years |
| 8 kW | $3.84 | $21,477 | $8,346 | 18.0 years |
| 10 kW | $3.76 | $26,320 | $10,959 | 17.7 years |
| 12 kW | $3.68 | $30,952 | $13,783 | 17.3 years |
| 14 kW | $3.61 | $35,374 | $16,817 | 16.9 years |
| 16 kW | $3.53 | $39,585 | $20,062 | 16.6 years |
| 18 kW | $3.46 | $43,586 | $23,517 | 16.2 years |
| 20 kW | $3.38 | $47,376 | $27,183 | 15.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you prefer a specific brand, make sure the solar installer 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 done and how long it will take.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best National Provider
SunPower
- 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
- 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 Kewanee, IL Solar Cost FAQs
What is the average cost of installing solar panels in Kewanee?
The average cost of solar panels in Kewanee is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Kewanee?
You can’t get solar panels for free in Kewanee. 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 rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Kewanee, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Kewanee?
On average, the lifespan of solar panels is 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 amount 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.