Solar Panels Cost $5.7k-$17k in Cerro Gordo, IL | October, 2024

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

For Cerro Gordo energy consumers, the standard monthly kWh usage is 716, with an average electric bill of $133.92. Compact houses, such as studio apartments or condos, are also encompassed in the figures cited in the previous sentence.

The mean rate for electricity in Cerro Gordo, IL in October, 2024 is 18.69¢ per kWh.

In Cerro Gordo, a system size of 6 kW or larger is needed for the typical energy consumer to account for all of their power demands. At the moment, a 6 kW setup costs around $24,540, but with a 30% tax credit, it is reduced to $17,178

Are solar panels worth it in Illinois?

Intending to stay in your house beyond the solar payback period? Solar panels are a smart investment in Cerro Gordo. In Cerro Gordo, IL, a 5 kW solar system installation might save you $17,825.8 on average over 20 years, with a typical break even point of 9 years.

The cost of not having solar panels in Cerro Gordo, IL

Forgoing solar panels or an alternative backup energy source means you'll miss out on the savings mentioned above and be fully dependent on your electric utility for power. The news has recently shown us that complete reliance on your utility provider isn't always the best idea.

Over the past few years, customers in Cerro Gordo have encountered an average of 0.78 utility outages each year. Typically, outages have an average duration of 92.9 minutes. However, during significant events such as tornadoes, equipment failure, or wildlife damage, these times can drastically increase.

A solar panel system with (or without) a backup battery could ease the stress of future outages you encounter.

What impacts the cost of solar panels in Cerro Gordo, IL?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size increases. Consumers often realize that installing a solar system that can replace their entire electric bill is advantageous, ensuring maximum savings.

Make & Model - Similar to other industries, the solar energy sector offers a variety of solar panel and mounting equipment brands and designs. Taking into account the system preferences that your installer may have, it's essential to choose a recommended company. Buyers who prioritize superior equipment typically enjoy a superior long-term experience.

Solar Panel Type - For good reason why monocrystalline panels are now the industry standard. Even with a higher cost, this technology yield more energy. The majority of installers opt for panels constructed using this material.

Your Property - Every home and property differs in its own way. Challenges such as trees, sloping terrain, or other barriers can increase the difficulty of installing solar panels. Today, many solar installers can leverage satellite imagery to assess your home and incorporate these aspects into the initial cost estimate.

Labor Rates - Different companies pay varied wages to their employees, and these expenses are eventually borne by the consumers. Businesses often receive higher reviews for their services and customer service when they pay higher wages.

Permitting & Interconnection - Local permitting and utility interconnection fees, which differ by region, will affect your final installation cost. Reputable local installers will integrate these numbers into your first quotes to avoid any surprises.