Solar Panel Cost Guide in Centralia, IL (2024 Update)
- Centralia Solar Installation Cost: $16,205
- 25-Year Savings: $14,011
- Payback Period: 15.7 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Centralia
Let’s have a look at the average cost of solar in Centralia.
In Centralia, solar panels cost about 4 per watt on average.The average Centralia homeowner needs a 6.2-kilowatt system, which would cost about $16,205 with the federal tax credit, or $23,173 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $16,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a top solar installer in Centralia for a customized estimate.
Solar savings over time in Centralia
Year | Return on Investment |
---|---|
1 years | $-15,354 |
3 years | $-13,653 |
5 years | $-11,952 |
7 years | $-10,250 |
9 years | $-8,549 |
11 years | $-6,848 |
13 years | $-5,147 |
15 years | $-3,445 |
17 years | $-1,744 |
19 years | $-43 |
21 years | $1,659 |
23 years | $3,360 |
25 years | $5,061 |
Top Solar Installers in Centralia
When making the switch to solar, many homeowners choose to go with a solar installation company since DIY solar panel installation can be a time-consuming project. Another perk of utilizing a solar company is that they can help you maximize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Centralia
Factors that Affect Solar Panel Costs in Centralia
There are several criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,760. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Centralia average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Centralia homeowners choose to finance their solar panel systems to offset upfront costs.Even though solar loans make adopting solar energy more accessible for Centralia homeowners, they can also increase the total you pay for your system due to interest. 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
The solar panel installer you pick will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.91 | $16,424 | $8,696 | 16.3 years |
8 kW | $3.84 | $21,477 | $12,016 | 16.0 years |
10 kW | $3.76 | $26,320 | $15,547 | 15.7 years |
12 kW | $3.68 | $30,952 | $19,288 | 15.4 years |
14 kW | $3.61 | $35,374 | $23,240 | 15.1 years |
16 kW | $3.53 | $39,585 | $27,402 | 14.8 years |
18 kW | $3.46 | $43,586 | $31,774 | 14.5 years |
20 kW | $3.38 | $47,376 | $36,358 | 14.1 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 for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Reputation: Well-established companies likely have a good 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.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Centralia, IL Solar Cost FAQs
What is the average cost of installing solar panels in Centralia?
The average cost of solar panels in Centralia is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual 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.
Is it better to lease or buy solar panels in Centralia?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Centralia, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.