Solar Panels Cost $4.8k-$14k in East Alton, IL | October, 2024

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

The average electricity bill in East Alton, for a usage of 700 kWh per month, is $131.66. Small homes, including micro-apartments, are also included in the statistics cited in the previous sentence.

As of October 2024, the mean rate for electricity per kWh in East Alton, IL amounts to 18.8¢.

To take care of the electricity requirements of an average user in East Alton, a solar panel system of 6 kW or higher is a must. The estimated cost for a 6 kW solar panel installation is $20,580 before incentives, but with a 30% federal tax credit, it drops to $14,406.

Are solar panels worth it in Illinois?

If you plan living in your home longer than the solar system's payback period, installing solar panels is an smart decision in East Alton. By installing a 5 kW solar system in East Alton, IL, you can expect to save around $19,593.4 over 20 years, with the break even point usually being 8 years.

The cost of not having solar panels in East Alton, IL

If you don't install solar panels or an alternative backup power source, you miss out on the previously mentioned savings and your household is entirely dependent on your electric utility for electricity. Complete dependence on your utility is not always ideal, as several recent news reports have illustrated.

Each year, customers in East Alton experience about 0.78 outages. On average, an outage lasts 92.9 minutes. When major events such as planned maintenance, aging infrastructure or tornadoes occur, these durations can increase significantly

Whether equipped with a backup battery or not, a solar panel system can help alleviate the stress of possible future outages.

What impacts the cost of solar panels in East Alton, IL?

Your Energy Needs - The cost per watt is lower with larger solar panel systems, even though the initial cost is larger. Consumers often realize that installing a solar system to offset their electric bill is a good move, leading to the most savings.

Make & Model - There are a variety of makes and models of solar panels and mounting equipment. Because the installer you choose might have specific system preferences, selecting a highly rated installer is especially important. Superior materials generally provide an improved long-term experience for the buyer.

Solar Panel Type - Monocrystalline panels are broadly acknowledged as the standard in the industry, and for good cause. Although the cost is higher, they deliver more energy. The majority of installers use these kinds of panels.

Your Property - Uneven ground, trees, or additional obstacles can increase the difficulty of the installation. Solar installers now have the ability to use satellite images to assess your home and include these elements in the preliminary cost estimate.

Labor Rates - Variations in employee wages across companies result in expenses that are passed on to the consumers. Businesses paying higher wages often garner better reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will impact your installation cost. Good local installers will incorporate these figures into your initial estimates to prevent any surprises.