Solar Panel Cost Guide in Kewanee, IL (2025 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.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Kewanee, the typical cost of a solar system 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 about $16,922, or $24,198 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.Many homeowners find going solar is a solid investment. The average homeowner in Kewanee can save about $14,000 on their electricity bills over 20 years.
To get a free quote from a pre-vetted solar installer in Kewanee, you can 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
Although you can install solar panels on your own, it involves extra energy and knowledge. That's one of the reasons most people choose a solar panel installer. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your initial investment.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Kewanee: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Kewanee, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by about $3,760 for each additional kilowatt you need.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Kewanee, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.Although solar loans make adopting solar energy 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 put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Kewanee, and each can charge different amounts for labor and equipment.Additionally, some companies in Kewanee have more knowledge about local solar incentives and can help you make good use of 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 | $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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- 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 big role in the company you go with.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
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
How much does it cost to install solar panels in Kewanee?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Kewanee?
Solar panels aren’t free in Kewanee, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $745.59 per year.
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 decreases 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.