Solar Panel Cost Guide in Manlius, IL (2023 Update)
- Manlius Solar Installation Cost: $12,307
- 25-Year Savings: $10,886
- Payback Period: 13.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Manlius
Let's have a look at the average cost of solar panels in Manlius.
The average cost of a solar panel system in Manlius is 2.73 per watt. To cover the typical energy needs of the average home in Manlius, most homeowners require a 6.4-kilowatt system. Using the figure above, a solar installation costs around $12,307, or $17,599 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Manlius homeowners. 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 average savings of about $14,000 on electricity bills over 20 years, many homeowners in Manlius find installing solar panels can be quite rewarding.
To receive a free quote from a top solar installation company in Manlius, you can click the button below.
Solar savings over time in Manlius
| Year | Return on Investment |
|---|---|
| 1 years | $-11,379 |
| 3 years | $-9,524 |
| 5 years | $-7,668 |
| 7 years | $-5,813 |
| 9 years | $-3,957 |
| 11 years | $-2,102 |
| 13 years | $-246 |
| 15 years | $1,609 |
| 17 years | $3,464 |
| 19 years | $5,320 |
| 21 years | $7,175 |
| 23 years | $9,031 |
| 25 years | $10,886 |
Top Solar Installers in Manlius
Many homeowners opt for a solar panel company since installing solar panels yourself can be a lot of work. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.
If you're on the hunt for a solar company in Manlius, we've compiled 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 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 Manlius
Factors that Affect Solar Panel Costs in Manlius
There are many criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,730. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Manlius homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Manlius is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that provide a range of services at different price points. 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 cost more. It's best to do some research and decide on the company that offers the products, warranties and services you want 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 | $2.84 | $11,925 | $9,699 | 13.8 years |
| 8 kW | $2.78 | $15,594 | $13,238 | 13.5 years |
| 10 kW | $2.73 | $19,110 | $16,929 | 13.3 years |
| 12 kW | $2.68 | $22,473 | $20,774 | 13.0 years |
| 14 kW | $2.62 | $25,684 | $24,771 | 12.7 years |
| 16 kW | $2.57 | $28,741 | $28,921 | 12.5 years |
| 18 kW | $2.51 | $31,646 | $33,225 | 12.2 years |
| 20 kW | $2.46 | $34,398 | $37,681 | 11.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose greatly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
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 Manlius, IL Solar Cost FAQs
What is the average cost of installing solar panels in Manlius?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Manlius?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.