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 generally cost about 4.Using this figure, a typical 6.9-kW system would cost about $17,265 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Edwardsville depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.With average savings of about $12,000 on power bills over 20 years, many homeowners in Edwardsville find installing solar panels can be quite rewarding.
To receive a free estimate from a vetted solar installation company in Edwardsville, you can click the button below.
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
Although it's possible to install solar panels by yourself, it takes extra labor and handiness. That's one of the reasons most people choose to hire a solar panel installer. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar contractor too, which can save you more money over time.
If you're on the hunt for a solar installer in Edwardsville, the EcoWatch team has put together a list of our top suggestions here:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
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 $17,265, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 about $3,550 per kilowatt in Edwardsville.There are a lot of different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Edwardsville homeowners choose to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the total 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 principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Edwardsville, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also is within your budget.
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 many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Edwardsville, PA Solar Cost FAQs
What is the average cost of installing solar panels in Edwardsville?
The average cost of solar panels in Edwardsville is about $17,750 for a 5-kW system and $35,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase your property’s value 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?
Though 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 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.