Solar Panel Cost Guide in Edwardsville, KS (2023 Update)
- Edwardsville Solar Installation Cost: $14,341
- 25-Year Savings: $26,800
- Payback Period: 8.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Edwardsville
Let's take a look at the average cost of solar in Edwardsville.
The national average cost of solar panels is $2.66 per watt, but in Edwardsville it's 2.59 per watt. Since a 7.9-kW system is needed to cover the energy costs of a typical home in Edwardsville, the average price of going solar will be about $14,341 after claiming the federal solar tax credit of 30%.
These figures are just averages, and how much solar costs for you will most likely look different based on the amount of energy your home requires and what company you choose to go with. For most homeowners, the upfront cost of solar power is worth paying. On average Edwardsville homeowners see about $20,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a top solar installer in Edwardsville that can help you get a more accurate cost estimate for your home.
Solar savings over time in Edwardsville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,695 |
| 3 years | $-9,404 |
| 5 years | $-6,113 |
| 7 years | $-2,821 |
| 9 years | $470 |
| 11 years | $3,761 |
| 13 years | $7,052 |
| 15 years | $10,344 |
| 17 years | $13,635 |
| 19 years | $16,926 |
| 21 years | $20,217 |
| 23 years | $23,509 |
| 25 years | $26,800 |
Top Solar Installers in Edwardsville
Putting up solar panels yourself can be a difficult undertaking, which is why using a solar installer is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for your home.
If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our recommendations for providers in Edwardsville:
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 Edwardsville
Factors that Affect Solar Panel Costs in Edwardsville
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Edwardsville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,590 per kilowatt in Edwardsville. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating in Edwardsville, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $2.69 | $11,313 | $19,878 | 9.1 years |
| 8 kW | $2.64 | $14,794 | $26,795 | 8.9 years |
| 10 kW | $2.59 | $18,130 | $33,856 | 8.7 years |
| 12 kW | $2.54 | $21,321 | $41,062 | 8.5 years |
| 14 kW | $2.49 | $24,367 | $48,414 | 8.4 years |
| 16 kW | $2.43 | $27,268 | $55,910 | 8.2 years |
| 18 kW | $2.38 | $30,023 | $63,551 | 8.0 years |
| 20 kW | $2.33 | $32,634 | $71,338 | 7.8 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Reputation: Long-standing 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: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Edwardsville, KS Solar Cost FAQs
What is the average cost of installing solar panels in Edwardsville?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Edwardsville?
Solar panels aren't free in Edwardsville, 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.
Is it worth going solar in Edwardsville?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Edwardsville?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.