Solar Panel Cost Guide in Edwardsville, KS (2024 Update)
- Edwardsville Solar Installation Cost: $18,502
- 25-Year Savings: $26,793
- Payback Period: 11.2 Years
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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 3 per watt.Using this figure, a typical 7.9-kW system would cost about $18,502 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what company you go with.With average savings of about $20,000 on electricity bills over 20 years, many homeowners in Edwardsville find investing in solar can be quite rewarding.
Click the button below to get connected to a vetted solar installer in Edwardsville for a custom estimate.
Solar savings over time in Edwardsville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,105 |
| 3 years | $-14,311 |
| 5 years | $-11,517 |
| 7 years | $-8,724 |
| 9 years | $-5,930 |
| 11 years | $-3,136 |
| 13 years | $-342 |
| 15 years | $2,452 |
| 17 years | $5,246 |
| 19 years | $8,040 |
| 21 years | $10,834 |
| 23 years | $13,628 |
| 25 years | $16,422 |
Top Solar Installers in Edwardsville
When switching to solar energy, many homeowners choose to use a solar company since installing solar panels yourself can be a time-consuming project. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for your family.
If you're looking for a solar company in Edwardsville, we've put together a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Edwardsville
Factors that Affect Solar Panel Costs in Edwardsville
The cost of installing a solar system in Edwardsville can vary by more than $10,000 from home to home. Your actual cost is determined by 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 company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,340 per kilowatt in Edwardsville.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Edwardsville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Edwardsville, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.It’s wise to add 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 installer you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies operating in Edwardsville, and each can charge varying amounts for labor and equipment.You may see 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 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 | $3.47 | $14,589 | $16,602 | 11.7 years |
| 8 kW | $3.41 | $19,078 | $22,511 | 11.5 years |
| 10 kW | $3.34 | $23,380 | $28,606 | 11.2 years |
| 12 kW | $3.27 | $27,495 | $34,888 | 11.0 years |
| 14 kW | $3.21 | $31,423 | $41,358 | 10.8 years |
| 16 kW | $3.14 | $35,164 | $48,014 | 10.6 years |
| 18 kW | $3.07 | $38,717 | $54,857 | 10.3 years |
| 20 kW | $3.01 | $42,084 | $61,888 | 10.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Edwardsville, KS Solar Cost FAQs
How much does it cost to install solar panels in Edwardsville?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $16,700 for a 5-kW system and $33,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar 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, solar panels can last 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 higher 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.