Solar Panels Cost $5.4k-$16k in Murphysboro, IL | October, 2024

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

For Murphysboro energy consumers, the typical electric bill is $133.35 per month, with a usage of 719 kWh. These statistics also covers the energy consumption patterns of smaller residences, such as apartments.

For October 2024, Murphysboro, IL's average electricity rate is 18.56¢ per kWh.

To fully meet the energy needs of an average user in Murphysboro, a solar panel system of 6 kW or larger is a must. You'll spend $16,254 on a 6 kW solar panel system after taking the 30% federal income tax credit into consideration.

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 Murphysboro. A 5 kW solar system in Murphysboro, IL could potentially save you $18,459 over the course of 20 years, with the break even point typically at 8 years.

The cost of not having solar panels in Murphysboro, 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 0.78 outages per customer each year in Murphysboro. Each outage, on average, lasts for 92.9 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.

What impacts the cost of solar panels in Murphysboro, 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.