Solar Panels Cost 7.4k-17k in Madison County, IL | November, 2024

Solar Panels Cost $7.4k-$17k in Madison County, IL | November, 2024

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How much do solar panels cost in Madison County, IL in 2024?

It averages out to $3.56/W to go solar in the month of November, 2024 in Madison County, IL.

Expect costs to be $3,560, on average, for every 1000 watts (or 1 kW) of solar energy your solar system can generate. We can come to this conclusion by applying this rate price cost per watt above. After receiving the 30% federal tax credit, you will spend about $12,460, in Madison County, for a 5 kW solar system. Please consider, a 5kW system might not be sufficient to ensure your energy requirements are met.

Choose your county from the menu on the left to find the typical roof size and maximum residential solar capacity for homes in your area. You can review the price, payback period, and 20-year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Madison County: $12,460US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Madison County: 7 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Madison County: $19,779US Average: $16,169

Solar Potential in Madison County

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

Roof size 661sq. ft.
Capacity 9.25kW DC
Electricity 11kkWh AC per yr.

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

For Madison County energy consumers, the typical electric bill is 156.58 per month, with a usage of 768 kWh. This number also factors in the energy needs of apartments and smaller homes.

As of November 2024, the mean rate for electricity per kWh in Madison County, IL amounts to 20.39¢.

After incentives, a 7 kW setup will cost around $17,444.

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Average solar panel costs by system size in Madison County

Presented on the left, you will find a price breakdown for multiple solar panel system sizes set up in Madison County. When you select a larger solar system, the cost is greater, but it also yields more significant electricity savings and a greater income tax credit.

The breakdown of costs and benefits for solar panels, presented in the calculator down and to the right, is based on an average electric bill of $156.58 in Madison County. For results that are more personalized, change the $156.58 to align with your average electricity bill.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $888 a year
Est. Price
$7,476
Savings from a 3kWthis system
  • Est. yearly production 4,440 kWh
  • Est. monthly savings $74
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.12 tons a year
  • Equivalent to planting 52 trees a year
  • Equivalent to driving 2,777 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,184 a year
Est. Price
$9,968
Savings from a 4kWthis system
  • Est. yearly production 5,920 kWh
  • Est. monthly savings $99
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 1.5 tons a year
  • Equivalent to planting 69 trees a year
  • Equivalent to driving 3,703 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,480 a year
Est. Price
$12,460
Savings from a 5kWthis system
  • Est. yearly production 7,400 kWh
  • Est. monthly savings $123
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 1.87 tons a year
  • Equivalent to planting 86 trees a year
  • Equivalent to driving 4,628 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,776 a year
Est. Price
$14,952
Savings from a 6kWthis system
  • Est. yearly production 8,880 kWh
  • Est. monthly savings $148
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 2.24 tons a year
  • Equivalent to planting 103 trees a year
  • Equivalent to driving 5,554 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $2,072 a year
Est. Price
$17,444
Savings from a 7kWthis system
  • Est. yearly production 10,360 kWh
  • Est. monthly savings $157
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2.38 tons a year
  • Equivalent to planting 109 trees a year
  • Equivalent to driving 5,892 mi less a year

Madison County Solar Panel Installation Incentives & Rebates | 2024

With the REAP Grant, up to 100% and no less than 80% of the installation costs for solar or wind turbines may be covered for rural small business owners and farmers. Believe you fit the criteria? Verify your eligibility with our REAP Grant eligibility tool.

For residential solar projects, most people are eligible for the 30% federal income tax credit, making solar a practical solution in various parts of the country. On top of that, there are many state and local incentives to further promote the adoption of solar energy.

Illinois has 10 solar rebate and incentive programs provided by various utilities and government agencies.

Solar incentives in IL

City of Chicago - Small Business Improvement Fund

Value:Up to $150,000

The Chicago government has established a Small Business Improvement Fund to support businesses making energy efficiency upgrades through grants. A private organization, SomerCor 504, handles the practical business of the fund. Projects eligible for grants include energy-efficient HVAC, roofing, windows, and insulation. Funding can cover three quarters of project costs. Applicants are subject to caps on net worth and number of employees. Businesses that rent their property may be subject to additional conditions. Additional information is available from the SomerCor website.

City of Chicago - Green Building Permit Programs

Value:Up to $25,000

Chicago offers specialized permitting processes for various environmentally-friendly projects or energy efficiency upgrades. Any home, business, or industrial facility may qualify to have their review period expedited and fees waived. Eligible installations and upgrades include solar PV/thermal systems, wind turbines, efficient roofing, rain reclamation, and geothermal systems; all must be LEED or Green Globes certified to qualify. Once a project is approved, the maximum turnaround time shortens to 30 days. Further, any fees up to $25,000 become waived. Additional information and early application forms are available from the Chicago website.

City of Chicago - Solar Express Permit Program

Value:Varies

Through a 2013 ordinance, Chicago homes and businesses may be eligible for a streamlined permitting process for rooftop solar PV installations. Depending on the system's size, applicants may receive a $100 discount on permit fees and a same-day approval with waived zoning evaluation. Interested property owners must hire a solar contractor certified by both ComEd and the City of Chicago. Participating contractors will follow new guidelines established by the ordinance when applying for the expedited process. Additional information is available through the Chicago municipal website.

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 Madison County, IL?

If you expect to own your residence longer than the solar system's payback period, solar panels are a wise investment in Madison County. A 5 kW solar system in Madison County, IL could potentially save you $25,119.2 over the course of 20 years, with the break even point typically at 7 years.

The cost of not having solar panels in Madison County, IL

The absence of solar panels or an alternative energy backup means that you miss out on the savings noted earlier and depend on your electric utility for electricity. Recent news examples have indicated that full reliance on your utility provider is not always ideal.

Lately, customers in Madison County have typically encountered 1.09 utility outages per year. On average, the length of an outage is 132.5 minutes. Major events like heavy rain and flooding, overloaded power grids, or construction accidents can cause these durations to rise considerably.

Take a look at the info below to see the number of current electricity customers without power in Madison County.

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

Power Outages

Currently, 0 customers are being tracked in Madison County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Madison County, IL?

Your Energy Needs - Even if the initial expense is higher, the price per watt decreases with larger solar panel systems. Many consumers realize it's a good idea to install a solar system that can generate enough power to fully cover their electric bill, because it helps them save more money.

Make & Model - Solar panels and mounting equipment, similar to many other products, come in a variety of makes and models. Because the installer you select might have particular brand preferences, selecting a highly rated company is especially important. The selection of superior equipment can greatly better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels are broadly acknowledged as the standard in the industry, and for good cause. Although they are costlier, they provide increased energy. Many installers use panels crafted from this material.

Your Property - Elements like sloping terrain, trees, or other impediments might complicate the installation process. Today, many solar installers can assess your home with satellite images and factor in these factors in the preliminary cost estimate.

Labor Rates - Variations in employee wages across companies lead to expenses that are passed on to the consumers. Companies paying higher wages usually garner better reviews for their work and customer service.

Permitting & Interconnection - The fees for local permitting and utility interconnection, which differ by area, will impact the cost of your installation. That said, reputable local installers will be able to incorporate these numbers into your preliminary quotes so there are no surprises.

Go Solar for less than your cell phone bill.

Who are the best solar installers in Madison County?

Freedom Forever

Temecula, CA(800) 685-1850

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.

Solar SME

Duncanville, TX(832) 626-2337

Services

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

YellowLite

Cleveland, OH(216) 333-1364

Services

  • Installation of solar arrays.
  • Reparation 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.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.
  • 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

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

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Reparation 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.

RISE Power

Richardson, TX(855) 747-3769

Services

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

Dividend Finance

Cincinnati, OH(415) 805-7000

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.

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

  • Installation of solar arrays.
  • Reparation 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.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of solar arrays.
  • Reparation 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.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Silver Sun Solar

Deltona, FL(407) 832-42452

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.

Continental Energy Solutions

Oak Brook, IL(630) 637-2150

Services

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

Tick Tock Energy

Effingham, IL(217) 994-9020

Services

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

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

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

Sunrun

San Francisco, CA(833) 394-3384

Services

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

GRNE Solar

Palatine, IL(312) 859-3417

Services

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

Sigora Solar

Charlottesville, VA(434) 465-6192

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.

Entegrity

Little Rock, AR(800) 700-1414

Services

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

Ideal Energy

Fairfield, IA(800) 634-4454

Services

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

Soltage

Jersey City, NJ(201) 432-1786

Services

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

Engie North America

Houston, TX(713) 636-1900

Services

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

City Electric Supply

Dallas, TX(866) 634-9853

Services

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

LightEdison

Denver, CO(888) 966-6377

Services

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

PowerHome Solar

Mooresville, NC(704) 870-3670

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.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

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

Badass Energy

Claremont, CA(909) 320-9860

Services

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

Madison County, IL Solar Panel Cost FAQs

  • The typical cost per watt for solar panels in Madison County, IL as of November, 2024 is $3.56/W. After federal tax credits, the installation of a 5 kW solar panel system in Madison County, IL is estimated to cost $12,460.
  • Various utility providers and government organizations in Illinois are offering 10 rebates and incentives at this time. Additionally, the vast majority qualify for the 30% federal tax credit.
  • Although cash payments offer the greatest savings, many financing options for solar panels now exist that are also cost-effective. Many installers will include information about their financing partners in the initial quotes they provide.
  • Yes, in Madison County, IL, the average time for 5 kWsolar panel systems to pay for themselves is 7 years, leading to electricity savings of $25,119.2 over a 20-year period.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-11-05