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

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

The average electricity bill in Jacksonville, for a usage of 721 kWh per month, is $135.36. This figure also factors in the energy needs of apartments and smaller dwellings.

In October 2024, the average electricity rate in Jacksonville, IL amounts to 18.78¢ per kWh.

In Jacksonville, average users will require a system size of 6 kW or greater to fully meet their entire energy usage requirements. The cost of a a 6 kW solar system is approximately $20,760 initially, but the federal tax credit provides a 30% credit, reducing your total to $14,532.

Are solar panels worth it in Illinois?

For homeowners in Jacksonville expecting to remain in their homes after the payback period for solar panels, solar energy is a sensible choice. A 5 kW system in Jacksonville, IL will help you save the average homeowner, on average, $20,376.4 over a 20 period and the average break even point is 7 years.

The cost of not having solar panels in Jacksonville, IL

Apart from the savings noted earlier, failing to install solar panels or an alternative energy backup leads to you being wholly dependent on your electric utility for power supply. Total dependence on your utility provider isn't always ideal, as recent examples in the news have demonstrated.

In recent times, the average number of utility outages per customer annually in Jacksonville has been about 0.78. Typically, outages have an average duration of 92.9 minutes. However, during significant events such as wildfires, overloaded power grids, or wildlife damage, these times can drastically increase.

A solar panel system could lessen the inconvenience of future outages, even if it doesn't have a backup battery.

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

Your Energy Needs - The price per watt reduces with larger solar panel systems, even though the upfront cost is higher. Setting up a solar system that produces sufficient electricity to offset their electric bill is advantageous to most homeowners, resulting in savings.

Make & Model - Like many other products, there are various makes and models of solar panels available. It's crucial to pick a highly rated contractor, considering the brand preferences that installers may have. Superior quality materials generally lead to a more favorable long-term experience for buyers.

Solar Panel Type - Monocrystalline panels are widely recognized as the industry standard, and deservedly so. Despite the higher price tag, these panels produce greater energy output. Many installation experts use panels constructed from this material.

Your Property - Each property and home presents unique challenges. Trees, sloped land, or other impediments may complicate the installation process. Nowadays, the most solar installers can assess your home with satellite images and incorporate these factors in the preliminary cost estimate.

Labor Rates - The pay that various companies offer their employees differ, and these expenses are passed on to the consumers. Paying higher wages frequently results in businesses receiving better reviews for their work and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which differ by area, will affect your installation cost. That said, quality local installers will be able to incorporate these numbers into your initial quotes so there are no surprises.