Solar Panel Cost Guide in West Galena, IL (2023 Update)
- West Galena Solar Installation Cost: $12,463
- 25-Year Savings: $15,843
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in West Galena
We break down average solar pricing in West Galena.
Currently, the national average cost of solar panels is $2.66 per watt. However, in West Galena, the average cost of a solar system is 2.73 per watt. Because a 6.5-kW system is needed to cover the energy costs of a typical home in West Galena, the average price of going solar will be about $12,460 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy usage and what company you go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $16,000 over 20 years on electricity bills.
To receive a free quote from a top solar installer in West Galena, you can click the button below.
Solar savings over time in West Galena
| Year | Return on Investment |
|---|---|
| 1 years | $-12,369 |
| 3 years | $-12,180 |
| 5 years | $-11,991 |
| 7 years | $-11,803 |
| 9 years | $-11,614 |
| 11 years | $-11,425 |
| 13 years | $-11,236 |
| 15 years | $-11,048 |
| 17 years | $-10,859 |
| 19 years | $-10,670 |
| 21 years | $-10,482 |
| 23 years | $-10,293 |
| 25 years | $-10,104 |
Top Solar Installers in West Galena
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make switching to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in West Galena
Factors that Affect Solar Panel Costs in West Galena
The cost of installing a solar system in West Galena can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant 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 pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to install 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
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in West Galena, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in West Galena, you'll have many options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $14,117 | 11.4 years |
| 8 kW | $2.78 | $15,594 | $19,128 | 11.2 years |
| 10 kW | $2.73 | $19,110 | $24,293 | 11.0 years |
| 12 kW | $2.68 | $22,473 | $29,610 | 10.8 years |
| 14 kW | $2.62 | $25,684 | $35,080 | 10.6 years |
| 16 kW | $2.57 | $28,741 | $40,703 | 10.3 years |
| 18 kW | $2.51 | $31,646 | $46,478 | 10.1 years |
| 20 kW | $2.46 | $34,398 | $52,407 | 9.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's West Galena, IL Solar Cost FAQs
What is the average cost of installing solar panels in West Galena?
The average cost of solar panels in West Galena is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in West Galena?
A solar panel system isn't free in West Galena, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does West Galena have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.