Solar Panels Cost $5.6k-$16k in Canton, IL | October, 2024

Electricity Costs in Canton, IL & What that Means for Your Solar Panel Pricing

The average monthly electric bill for a Canton energy consumer is $132.14, based on an typical usage of 701 kWh. Compact dwellings, such as townhouses and duplexes, are also encompassed in the figures noted in the prior sentence.

In October 2024, the average electricity rate in Canton, IL is 18.86¢ per kWh.

In Canton, the typical energy consumer must have a solar power setup of 6 kW or more to satisfy their full electricity needs. Currently, a 6 kW solar panel installation costs around $16,968 after incentives.

Are solar panels worth it in Illinois?

Homeowners in Canton who expect to live in their residence beyond the payback period of their solar system will find solar panels an clear choice. If you install a 5 kW solar system in Canton, IL, you might save $17,573.6 over 20 years on average, with a break even point at roughly 9 years.

The cost of not having solar panels in Canton, IL

Apart from missing out on the savings highlighted above, the absence of solar panels or an alternative backup energy solution leads to total dependency on your electric utility for power. Complete dependence on your utility isn't always the best idea, as numerous recent news reports have illustrated.

Yearly, customers in Canton have experienced approximately 0.78 utility outages.Each year, customers in Canton have experienced approximately 0.78 utility outages. On average, an outage lasts 92.9 minutes. When major events such as wildlife damage, grid management errors or landslides occur, these durations can increase significantly

A solar panel system could lessen the burden of future outages, even if it lacks a backup battery.

What impacts the cost of solar panels in Canton, IL?

Your Energy Needs - Even if the initial expense is larger, the price per watt declines with larger solar panel systems. Consumers often realize that setting up a solar system to fully cover their electric bill is a good move, resulting in the most savings.

Make & Model - Like other items, solar panels are available in a range of makes and models. The potential system preferences of your selected installer make it crucial to pick a highly rated company. For consumers seeking a superior long-term experience, opting for better quality equipment is essential.

Solar Panel Type - For many good reasons, monocrystalline panels are now the industry standard. Although they are costlier, they generate increased energy. The majority of installers utilize panels made of this material.

Your Property - Every home and property differs in its own way. Challenges like sloping terrain, trees, or additional hindrances can increase the difficulty of installing solar panels. Using satellite imagery, solar installers can today assess your home and integrate these elements into the first cost estimate.

Labor Rates - The pay employees get from their employers vary, and these expenses are passed on to the consumers. Businesses paying more to their employees frequently get higher reviews for their work and customer service.

Permitting & Interconnection - Depending on the area, local permitting and utility interconnection fees will impact the cost of your installation. Quality installers will factor these costs into your preliminary quotes to prevent unexpected expenses.