Solar Panel Cost Guide in Shiloh, IL (2024 Update)
- Shiloh Solar Installation Cost: $16,000
- 25-Year Savings: $11,335
- Payback Period: 17.4 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Shiloh
We break down average solar pricing in Shiloh.
Although the national average of solar panels is $2.66 per watt, solar panels in Shiloh generally cost around 4.Using this figure, a typical 6.1-kW system would cost about $16,000 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will most likely differ based on the amount of energy your home requires and what company you want to go with.Many homeowners find going solar is a solid investment. The average homeowner in Shiloh can save around $14,000 on their power bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Shiloh
Year | Return on Investment |
---|---|
1 years | $-15,149 |
3 years | $-13,448 |
5 years | $-11,746 |
7 years | $-10,045 |
9 years | $-8,344 |
11 years | $-6,643 |
13 years | $-4,941 |
15 years | $-3,240 |
17 years | $-1,539 |
19 years | $163 |
21 years | $1,864 |
23 years | $3,565 |
25 years | $5,267 |
Top Solar Installers in Shiloh
Trying to put up solar panels yourself can be a dangerous task, which is why using a solar installer is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar power, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Shiloh:
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 Shiloh
Factors that Affect Solar Panel Costs in Shiloh
For many Shiloh homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Shiloh, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,760. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Shiloh to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.Even though solar loans make switching to solar energy more accessible for Shiloh homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Shiloh, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $6,230 | 18.1 years |
8 kW | $3.84 | $21,477 | $8,728 | 17.8 years |
10 kW | $3.76 | $26,320 | $11,437 | 17.4 years |
12 kW | $3.68 | $30,952 | $14,356 | 17.1 years |
14 kW | $3.61 | $35,374 | $17,485 | 16.7 years |
16 kW | $3.53 | $39,585 | $20,825 | 16.4 years |
18 kW | $3.46 | $43,586 | $24,376 | 16.0 years |
20 kW | $3.38 | $47,376 | $28,137 | 15.7 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 find the right company for you, here are some tips to keep in mind:
- Warranty: If you’re worried about the longevity of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: It’s important to read your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
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 Shiloh, IL Solar Cost FAQs
What is the average cost of installing solar panels in Shiloh?
The average cost of solar panels in Shiloh is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Shiloh?
You can’t get solar panels for free in Shiloh. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Shiloh is currently $277,722, which means you can expect a value of about $11,387 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Shiloh is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.