Solar Panel Cost Guide in Edwardsville, PA (Mar 2023)
- Edwardsville Solar Installation Cost: $12,406
- 25-Year Savings: $8,802
- Payback Period: 14.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Edwardsville
Let's have a look at the average cost of solar in Edwardsville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Edwardsville, the typical cost of a solar system is 2.55 per watt. The average solar panel system size in Edwardsville is around 7.0 kilowatts, meaning a cost of about $12,406 for a solar installation, or $17,741 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on your energy needs and what company you choose to go with. But, once you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $12,000 over 20 years on power bills.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Edwardsville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,557 |
| 3 years | $-9,861 |
| 5 years | $-8,164 |
| 7 years | $-6,467 |
| 9 years | $-4,771 |
| 11 years | $-3,074 |
| 13 years | $-1,377 |
| 15 years | $319 |
| 17 years | $2,016 |
| 19 years | $3,713 |
| 21 years | $5,409 |
| 23 years | $7,106 |
| 25 years | $8,802 |
Top Solar Installers in Edwardsville
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring a solar panel installer can make converting to solar power much easier. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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
While the average cost of a solar system in Edwardsville is $12,406, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Edwardsville, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. Even though solar loans make going solar more accessible for Edwardsville homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Edwardsville is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services for different budgets. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.65 | $11,138 | $7,177 | 15.2 years |
| 8 kW | $2.60 | $14,566 | $9,855 | 14.9 years |
| 10 kW | $2.55 | $17,850 | $12,676 | 14.6 years |
| 12 kW | $2.50 | $20,992 | $15,640 | 14.3 years |
| 14 kW | $2.45 | $23,990 | $18,746 | 14.0 years |
| 16 kW | $2.40 | $26,846 | $21,995 | 13.7 years |
| 18 kW | $2.35 | $29,560 | $25,387 | 13.4 years |
| 20 kW | $2.29 | $32,130 | $28,922 | 13.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: The brand of solar panel you need plays a role in which company you should go with, since different companies have access to different panels.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project completion timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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, PA Solar Cost FAQs
How much does it cost to install solar panels in Edwardsville?
The average cost of solar panels in Edwardsville is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Edwardsville?
You can't get solar panels for free in Edwardsville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does Edwardsville have a net metering program?
Each state has some kind 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 electricity bills.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having 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.