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
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Edwardsville
Let’s take a look at the average cost of solar in Edwardsville.
The average cost of a solar system in Edwardsville is 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.
These figures are only estimates, and how much solar costs for you will look different based on your specific situation and what company you want to go with.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $20,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted 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 | $-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
Installing solar panels by yourself can be a dangerous project, which is why getting a solar installation company is a good option for many homeowners. Plus, if you’re unsure what type of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar installer in Edwardsville, we've put together a list of our top suggestions here:
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
Although the average cost of a solar system in Edwardsville is $18,502, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar energy system in Edwardsville, 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 consumption, which you can determine by looking at past power bills. Your total cost can increase by about $3,340 for each additional kilowatt you need.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. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid choice because they decrease 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 go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar company. Confirm that you understand how the installation process works and the project completion timeline.
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
What is the average cost of installing solar panels in Edwardsville?
This is a hard question to answer precisely, 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Edwardsville?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Edwardsville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.