Solar Panel Cost Guide in Marseilles, IL (Jan 2023)
- Marseilles Solar Installation Cost: $12,307
- 25-Year Savings: $11,119
- Payback Period: 13.1 Years
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Top Solar Installers in Marseilles
Trying to install solar panels on your own can be a stressful project, which is why using a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be valuable as well, especially if you don't quite know what type of solar equipment you need.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Marseilles
Factors that Affect Solar Panel Costs in Marseilles
The cost of installing a solar system in Marseilles can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
The size of the solar system you need to offset your energy usage, 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. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Marseilles average.
Solar Financing Terms
Many homeowners find the average cost of solar in Marseilles to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Marseilles have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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||$9,916||13.6 years|
|8 kW||$2.78||$15,594||$13,527||13.4 years|
|10 kW||$2.73||$19,110||$17,291||13.1 years|
|12 kW||$2.68||$22,473||$21,207||12.9 years|
|14 kW||$2.62||$25,684||$25,277||12.6 years|
|16 kW||$2.57||$28,741||$29,499||12.3 years|
|18 kW||$2.51||$31,646||$33,875||12.1 years|
|20 kW||$2.46||$34,398||$38,403||11.8 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: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, project completion timeline incentives and warranties.
EcoWatch's Marseilles, IL Solar Cost FAQs
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.