Solar Panel Cost Guide in Edwardsville, KS (Sep 2022)

  • Edwardsville Solar Installation Cost: $14,341
  • 25-Year Savings: $26,800
  • Payback Period: 8.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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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. 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 before 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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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

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 Size

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

Solar Incentives in Edwardsville

Name Renewable Energy Property Tax Exemption
Incentive Amount 100%
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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 National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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?

The average cost of solar panels in Edwardsville is about $12,950 for a 5-kW system and $25,900 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.

Is it better to lease or buy solar panels in Edwardsville?

Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.

Do solar panels increase your home value?

Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How often do you have to replace solar panels?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely 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 keep using 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.

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