Solar Panels Cost 5.3k-15k in Genoa, IL | November, 2024

Solar Panels Cost $5.3k-$15k in Genoa, IL | November, 2024

High Power Bills?

Reduce or replace your electricity bill with solar

How much do solar panels cost in Genoa, IL in 2024?

Getting solar panels installed in November, 2024 in Genoa, IL averages out to $3.79/W.

This means that, for every 1000 watts (or 1 Kw) your system can generate you will spend $3,790 to get your system installed in . After receiving the 30% federal tax credit, you can expect to pay about $13,265 for a 5 kW system in Genoa. Remember, a more extensive system might be essential to adequately cover your energy consumption effectively.

To your left, you have the option to choose your county and determine the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Shown below is an outline of the price, payback period, and 20-year average savings for a 5 kW system installed in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Genoa: $13,265US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Genoa: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Genoa: $13,388US Average: $16,169

Solar Potential in Genoa

Estimated system size and solar electricity production per median viable roof in
Genoa.

Roof size 679sq. ft.
Capacity 9.5kW DC
Electricity 11kkWh AC per yr.

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

For Genoa energy consumers, the typical electric bill is $134.74 per month, with a usage of 641 kWh. These statistics also covers the energy consumption patterns of smaller residences, such as apartments.

For November 2024, Genoa, IL's average electricity rate is 21.03¢ per kWh.

To fully meet the energy needs of an average user in Genoa, a solar panel system of 6 kW or larger is a must. You'll spend $15,918 on a 6 kW solar panel system after taking the 30% federal income tax credit into consideration.

Go Solar for less than your cell phone bill.

Average solar panel costs by system size in Genoa

On the left side, you'll see a detailed price breakdown of the various sizes of solar panel systems installed in Genoa. Even though a bigger solar installation carries a greater cost, it also offers greater electricity savings and more substantial income tax credits.

The calculator down and to the right offers a detailed summary of solar panel costs and benefits, based on an average electric bill of $134.74 in Genoa. Just change the $134.74 to your regular electricity bill for customized results.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $622 a year
Est. Price
$5,306
Savings from a 2kWthis system
  • Est. yearly production 2,960 kWh
  • Est. monthly savings $52
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 0.89 tons a year
  • Equivalent to planting 41 trees a year
  • Equivalent to driving 2,206 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $932 a year
Est. Price
$7,959
Savings from a 3kWthis system
  • Est. yearly production 4,440 kWh
  • Est. monthly savings $78
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 1.34 tons a year
  • Equivalent to planting 61 trees a year
  • Equivalent to driving 3,309 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,243 a year
Est. Price
$10,612
Savings from a 4kWthis system
  • Est. yearly production 5,920 kWh
  • Est. monthly savings $104
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 1.78 tons a year
  • Equivalent to planting 82 trees a year
  • Equivalent to driving 4,412 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,554 a year
Est. Price
$13,265
Savings from a 5kWthis system
  • Est. yearly production 7,400 kWh
  • Est. monthly savings $129
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 2.23 tons a year
  • Equivalent to planting 102 trees a year
  • Equivalent to driving 5,515 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,865 a year
Est. Price
$15,918
Savings from a 6kWthis system
  • Est. yearly production 8,880 kWh
  • Est. monthly savings $135
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.32 tons a year
  • Equivalent to planting 107 trees a year
  • Equivalent to driving 5,749 mi less a year

Genoa Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant can potentially cover between 80% and 100% of the installation costs for solar or wind turbines for rural small businesses and farmlands. Not sure if you qualify? Use our REAP Grant eligibility tool to verify.

The federal government offers a 30% tax credit for residential solar systems, which makes solar appealing and sensible for a wide range of homeowners. A variety of state and local programs are in place to support the use of solar energy.

Residents of Illinois can access 7 solar rebate and incentive programs from a variety of utilities and governmental bodies.

Solar incentives in IL

Illinois Clean Energy Community Foundation Grants

Value:Varies

Commonwealth Edison funds the Illinois Clean Energy Community Foundation (ICECF). The foundation supports private investment in renewable energy for Illinois through a variety of grant initiatives targeted at communities and schools. Eligible projects for a grant include solar, wind, and biomass installations interconnected to the grid. One initiative funding wind power for schools also supports related educational programs. Additional information is available through the ICECF website.

Net Metering

Value:Varies

Renewable energy and distributed generation customers in Illinois may enter net metering or "dual metering" arrangements with their utility. By using their generation system, customers generate renewable energy credits. By law, they hold ownership of the RECs they generate, but they may choose to sell them to the utility upon signing a net metering contract. Dual metering is for property types in a "competitive class". Utilities should install a dual-channel meter to measure net excess generation (NEG) sent back to the grid. The customer will receive a bill credit for monthly NEG at a variable rate. Net metering operates in a similar fashion, but uses a single bidirectional meter and is designed for residential and certain commercial properties (these are "non-competitive classes".) Additional information is available from the Illinois Department of Energy.

Interconnection Standards

Value:Varies

Illinois has adopted various state standards for distributed generation and interconnection using systems rated for less than 10 MW. Regulations are amended and enforced by the Illinois Commerce Commission (ICC). Each connected generation system is sorted into one of four tiers based on capacity. Which tier a system falls into determines engineering standards, permit processes, and the minimum liability insurance coverage that the system's owner must carry. Distributed generation for systems over 10 MW is also standardized under a different set of rules. Additional information is available from the ICC website.

Renewable Portfolio Standard

Value:Varies

The Illinois legislature enacted the state's first renewable portfolio standard in 2007 and established the Illinois Power Agency for its enforcement. The current standard requires 25% of the state's renewable energy to come from renewable sources by 2026, with 6% coming from solar installations, 75% from wind turbines, and 1% from distributed generation systems. Compliance is measured using a renewable energy credit (REC) system pegging electric capacity to an adjusted dollar value. Utilities in the state must obtain these credits through their own generation activities or by purchasing them from distributed generation customers.

Energy Efficiency in State Government

Value:Varies

New government buildings or renovation projects in Illinois should comply with certain green building standards. Any new occupied state building or renovation affecting a maximum of 10,000 square feet should meet the highest feasible LEED standard, though the state does not need to apply for formal LEED certification. New buildings or renovation projects over 10,000 square feet must meet LEED Silver standards and apply for formal certification. A project may be exempt if costs toward meeting green building standards exceed benefits. Historic buildings may carry an exemption by default if improvements would negatively affect their aesthetics or status. Additional information is available from the Illinois Department of Commerce website.

Illinois Municipal Electric Agency - Electric Efficiency Program

Value:Varies

Residential, commercial, and wholesale customers of the Illinois Municipal Electric Agency may be eligible for a variety of financial incentives on energy efficiency equipment and projects. Eligible items and services will change from time to time. Current programs include rebate offers on HVAC, lighting, motors, and generation equipment. For each of these projects, the rebate amount averages at 7 cents per saved kilowatt hour for the first year of the improvements' deployment. The application process involves project reviews. Customers should submit copies of the city permits they have obtained for their proposed projects. To ensure accountability, IMEA requires the submission of receipts and a final inspection upon completion of the project. Additional information is available from the IMEA website.

Solar Renewable Energy Credits

Value:Varies

The Illinois Power Agency is a legislative organization that aids several private electrical utilities (Commonwealth Edison and Ameren, specifically) in purchasing renewable energy credits, including credits designated exclusively for solar energy. To meet renewable portfolio standards, the IPA acts as a diplomatic middleman to create purchasing agreements between utilities. As IPA both designs and operates procurement programs using a variety of tracking systems, customers participating in arrangements such as net metering may interface directly with the IPA. Additional information is available from the agency website.

Are solar panels worth it in Illinois?

If you expect to own your residence longer than the solar system's payback period, solar panels are a good investment in Genoa. A 5 kW solar system in Genoa, IL could potentially save you $19,072.6 over the course of 20 years, with the break even point typically at 8 years.

The cost of not having solar panels in Genoa, IL

Besides missing out on the savings highlighted earlier, not installing solar panels or an alternative backup energy source results in you being fully reliant on your electric utility for electricity. As illustrated by recent news stories, complete dependence on your utility company isn't always the best scenario.

On average, there are 0.54 outages per customer each year in Genoa. Each outage, on average, lasts for 44.56 minutes. In the case of major events like landslides, vandalism, or grid management errors, this period can rise substantially.

Owning a solar panel system, irrespective of a backup battery, could reduce the strain of any future outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in DeKalb County.

Learn more

Customers Out:

0

Go Solar for less than your cell phone bill.

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

Your Energy Needs - With larger solar panel systems, the cost per watt decreases, despite the higher upfront expense. It is often useful for consumers to install a solar system that can generate enough electricity to fully cover their electric bill, which results in substantial savings.

Make & Model - Just like many products, solar panels are available in a range of makes and models. The system preferences of your chosen installer can make it crucial to select a recommended installer. Opting for better quality makes and models can yield a significantly improved long-term experience for the buyer.

Solar Panel Type - It's easy to see why monocrystalline panels are now the preferred option in the industry. These panels cost more but produce a higher energy efficiency. Many installers in the industry use panels crafted of this material.

Your Property - Uneven ground, trees, or other barriers can increase the difficulty of the installation. Solar installers today typically use satellite imagery to evaluate your home and include these factors into the first cost estimate.

Labor Rates - Companies provide different pay rates to their employees, which are then reflected in the prices consumers pay. It is common for businesses that offer higher wages to get better reviews for their services and customer service.

Permitting & Interconnection - Installation costs will be impacted by regularly changing local permitting and utility interconnection fees, depending on the region. Good installers will factor these costs into your preliminary quotes to prevent unexpected expenses.

See what solar panels cost in other IL cities

Go Solar for less than your cell phone bill.

Who are the best solar installers in Genoa?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

Solar SME

Duncanville, TX(832) 626-2337

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.

YellowLite

Cleveland, OH(216) 333-1364

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Reparation of solar arrays.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Core Development Group

(201) 825-2195

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

Plug PV

Troy, NY(518) 948-5316

Services

  • Monitoring of independent energy generation.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

RISE Power

Richardson, TX(855) 747-3769

Services

  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Monitoring of independent energy generation.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Continental Energy Solutions

Oak Brook, IL(630) 637-2150

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Tick Tock Energy

Effingham, IL(217) 994-9020

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

AES Solar

Carterville, IL(618) 988-0888

Services

  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Reparation of batteries.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Solar systems for selling electricity back to the grid.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Reparation of batteries.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.

Soltage

Jersey City, NJ(201) 432-1786

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Engie North America

Houston, TX(713) 636-0000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

LightEdison

Denver, CO(888) 966-6377

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Genoa, IL Solar Panel Cost FAQs

  • As of November, 2024, the typical cost for solar panels in Genoa, IL is $3.79/W. For a 5 kW solar panel system, the total cost in Genoa, IL after federal tax credits is around $13,265.
  • Utilities and government agencies in Illinois are currently offering 7 different rebates and incentives. On top of that, most individuals are eligible for the 30% federal income tax credit.
  • Paying cash will ensure the most savings, but these days there are multiple options for financing solar panels that are financially sensible as well. Your preliminary quotes will usually detail financing options available through installers.
  • Yes, the typical duration for 5 kW solar panel systems to pay back their cost in Genoa, IL is 8 years, with electricity savings estimated at $19,072.6 over 20 years.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-11-01