Solar Panel Cost Guide in Shiloh Valley, IL (2023 Update)
- Shiloh Valley Solar Installation Cost: $11,619
- 25-Year Savings: $13,501
- Payback Period: 11.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Shiloh Valley
Here's how much it might cost to switch to solar power in Shiloh Valley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Shiloh Valley, the average cost of solar panels is 2.73 per watt. The average Shiloh Valley homeowner needs a 6.1-kilowatt system, which would cost about $11,619 with the federal tax credit, or $16,615 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar system you choose, your solar contractor and more. For most homeowners, the upfront cost of solar panels is worth paying. On average Shiloh Valley homeowners see about $16,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Shiloh Valley
| Year | Return on Investment |
|---|---|
| 1 years | $-10,614 |
| 3 years | $-8,604 |
| 5 years | $-6,595 |
| 7 years | $-4,585 |
| 9 years | $-2,576 |
| 11 years | $-566 |
| 13 years | $1,444 |
| 15 years | $3,453 |
| 17 years | $5,463 |
| 19 years | $7,472 |
| 21 years | $9,482 |
| 23 years | $11,492 |
| 25 years | $13,501 |
Top Solar Installers in Shiloh Valley
Many homeowners choose to use a solar panel installer since installing solar panels by yourself can be time-consuming. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 Shiloh Valley
Factors that Affect Solar Panel Costs in Shiloh Valley
For many Shiloh Valley homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Shiloh Valley, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Shiloh Valley, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,730 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Shiloh Valley average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can influence the cost. Shiloh Valley's solar companies all have different labor costs and add varying upcharges to equipment. Some companies 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 find a company that has the products, warranties and services you're looking for and also is 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 | $12,869 | 12.0 years |
| 8 kW | $2.78 | $15,594 | $17,465 | 11.8 years |
| 10 kW | $2.73 | $19,110 | $22,213 | 11.6 years |
| 12 kW | $2.68 | $22,473 | $27,114 | 11.3 years |
| 14 kW | $2.62 | $25,684 | $32,168 | 11.1 years |
| 16 kW | $2.57 | $28,741 | $37,375 | 10.9 years |
| 18 kW | $2.51 | $31,646 | $42,735 | 10.6 years |
| 20 kW | $2.46 | $34,398 | $48,248 | 10.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
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 Shiloh Valley, IL Solar Cost FAQs
How much does it cost to install solar panels in Shiloh Valley?
This is a difficult question to answer exactly, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Shiloh Valley?
You can't get solar panels for free in Shiloh Valley. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
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 goes down 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.