Solar Panel Cost Guide in Edwardsville, PA (2024 Update)
- Edwardsville Solar Installation Cost: $17,265
- 25-Year Savings: $8,807
- Payback Period: 20.4 Years
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Average Cost of Solar Panels in Edwardsville
Find out how much it might cost to go solar in Edwardsville.
While the national average of solar panels is $2.66 per watt, solar panels in Edwardsville typically cost about 4.To cover the typical energy needs of the average home in Edwardsville, most homeowners require a 6.9-kilowatt system. Using the figure above, a solar installation costs about $17,265, or $24,689 before the federal solar tax credit of 0 is applied.
These figures are only averages, and your own solar costs will differ based on your specific situation and what company you go with.Despite the high initial cost, the average Edwardsville homeowner can save around $12,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar installer in your area for a custom estimate.
Solar savings over time in Edwardsville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,919 |
| 3 years | $-13,228 |
| 5 years | $-10,537 |
| 7 years | $-7,845 |
| 9 years | $-5,154 |
| 11 years | $-2,463 |
| 13 years | $228 |
| 15 years | $2,919 |
| 17 years | $5,611 |
| 19 years | $8,302 |
| 21 years | $10,993 |
| 23 years | $13,684 |
| 25 years | $16,375 |
Top Solar Installers in Edwardsville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using a solar company can make your switch to solar power much easier. Another good thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Edwardsville
Factors that Affect Solar Panel Costs in Edwardsville
Though the average cost of a solar system in Edwardsville is $17,265, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar system in Edwardsville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $3,550 for each additional kilowatt you need.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. 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.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a part in determining the cost. Edwardsville’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $3.69 | $15,506 | $2,809 | 21.2 years |
| 8 kW | $3.62 | $20,278 | $4,143 | 20.8 years |
| 10 kW | $3.55 | $24,850 | $5,676 | 20.4 years |
| 12 kW | $3.48 | $29,224 | $7,408 | 19.9 years |
| 14 kW | $3.41 | $33,398 | $9,338 | 19.5 years |
| 16 kW | $3.34 | $37,374 | $11,467 | 19.1 years |
| 18 kW | $3.27 | $41,152 | $13,795 | 18.7 years |
| 20 kW | $3.19 | $44,730 | $16,322 | 18.3 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 pick the right company for you, here are some tips to keep in mind:
- Contract: It’s important to look over 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.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: When making the switch to solar energy, it’s important to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project completion timeline.
- Warranty: If you care about the longevity of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Edwardsville, PA Solar Cost FAQs
How much does it cost to install solar panels in Edwardsville?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,750 for a 5-kW system and $35,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will having solar panels impact my property value?
Solar panels can increase the value of your home considerably 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 a solar system."
How long do solar panels last in Edwardsville?
Even though 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 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.