Solar Panel Cost Guide in Silvis, IL (2024 Update)
- Silvis Solar Installation Cost: $16,986
- 25-Year Savings: $7,454
- Payback Period: 21.5 Years
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Average Cost of Solar Panels in Silvis
Find out what the average cost of a solar system is in Silvis.
While the national average of solar panels is $2.66 per watt, solar panels in Silvis typically cost about 4.To cover the typical energy needs of the average home in Silvis, most homeowners require a 6.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,986, or $24,290 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Silvis homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average Silvis homeowners see about $12,000 in savings on electricity bills over 20 years.
To receive a free quote from a vetted solar installation company in Silvis, you can click the button below.
Solar savings over time in Silvis
| Year | Return on Investment |
|---|---|
| 1 years | $-16,145 |
| 3 years | $-14,463 |
| 5 years | $-12,781 |
| 7 years | $-11,099 |
| 9 years | $-9,417 |
| 11 years | $-7,735 |
| 13 years | $-6,053 |
| 15 years | $-4,371 |
| 17 years | $-2,689 |
| 19 years | $-1,007 |
| 21 years | $675 |
| 23 years | $2,357 |
| 25 years | $4,039 |
Top Solar Installers in Silvis
Installing solar panels on your own can be a time-consuming undertaking, which is why hiring a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Silvis:
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Silvis
Factors that Affect Solar Panel Costs in Silvis
There are many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The 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 energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Silvis average.
Solar Financing Terms
Many homeowners find the average cost of solar in Silvis to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time because of interest.Although solar loans make switching to solar energy more accessible for Silvis homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Silvis is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services at different price points.Additionally, some companies in Silvis have more knowledge about local solar incentives and can help you take advantage 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 | $1,972 | 22.3 years |
| 8 kW | $3.84 | $21,477 | $3,051 | 21.9 years |
| 10 kW | $3.76 | $26,320 | $4,340 | 21.5 years |
| 12 kW | $3.68 | $30,952 | $5,839 | 21.0 years |
| 14 kW | $3.61 | $35,374 | $7,549 | 20.6 years |
| 16 kW | $3.53 | $39,585 | $9,470 | 20.2 years |
| 18 kW | $3.46 | $43,586 | $11,602 | 19.7 years |
| 20 kW | $3.38 | $47,376 | $13,943 | 19.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: The kind of solar panel you need plays a role in which company you should choose, since different companies provide different panels.
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Silvis, IL Solar Cost FAQs
How much does it cost to install solar panels in Silvis?
This is a tough question to answer precisely, because the cost depends on a variety of 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Silvis?
Solar panels aren’t free in Silvis, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Silvis?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
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 how much 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 get between 20 and 35 panels to cover 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.