Solar Panels Cost 5.6k-16k in New Canton, IL | October, 2024

Solar Panels Cost $5.6k-$16k in New Canton, IL | October, 2024

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How much do solar panels cost in New Canton, IL in 2024?

In New Canton, IL, the price per watt of solar systems is about $4.04/W in October, 2024.

Applying this cost, expect to spend $4,040, on average, for every 1000 watts (or 1 kW) of solar energy your solar panel system can produce. On average, the expense for a 5 kW solar panel install in New Canton, after the 30% federal tax credit, comes to $14,140. Be mindful that a bigger system could be necessary to adequately cover your energy demands.

By selecting your county on the left, you can view the average roof size and the average maximum capacity for residential solar panel systems in your area. See below a full overview of the {price|costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
New Canton: $14,140US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
New Canton: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
New Canton: $12,286US Average: $15,784

Solar Potential in New Canton

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

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

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

The average monthly electric bill for Florida residents is $135.36, with a typical usage of 721 kWh. Small homes, including micro-apartments, are also covered in the data mentioned in the previous sentence.

The average electricity rate in New Canton, IL in October 2024 is 18.78¢ per kWh.

In New Canton, a system size of 6 kW or larger is needed for the average electricity user to account for their entire energy requirements. The anticipated cost for a 6 kW solar panel installation is $24,240 before incentives, but with a 30% federal tax credit, it drops to $16,968.

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Average solar panel costs by system size in New Canton

To the left and below, the pricing details for different sizes of the solar panel systems installed in New Canton is shown. Although a bigger solar installation carries a larger expense, it also brings higher electricity savings and larger income tax credits.

The solar panel cost calculator to the right and below analyzes costs and benefits, based on an average $135.36 electric bill in New Canton Alter the $135.36 to fit your average bill payment for more precise outcomes.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $562 a year
Est. Price
$5,656
Savings from a 2kWthis system
  • Est. yearly production 2,960 kWh
  • Est. monthly savings $47
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 0.8 tons a year
  • Equivalent to planting 37 trees a year
  • Equivalent to driving 1,979 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $844 a year
Est. Price
$8,484
Savings from a 3kWthis system
  • Est. yearly production 4,440 kWh
  • Est. monthly savings $70
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 1.2 tons a year
  • Equivalent to planting 55 trees a year
  • Equivalent to driving 2,968 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,125 a year
Est. Price
$11,312
Savings from a 4kWthis system
  • Est. yearly production 5,920 kWh
  • Est. monthly savings $94
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 1.6 tons a year
  • Equivalent to planting 73 trees a year
  • Equivalent to driving 3,958 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,406 a year
Est. Price
$14,140
Savings from a 5kWthis system
  • Est. yearly production 7,400 kWh
  • Est. monthly savings $117
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 2 tons a year
  • Equivalent to planting 92 trees a year
  • Equivalent to driving 4,947 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,687 a year
Est. Price
$16,968
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 2.3 tons a year
  • Equivalent to planting 106 trees a year
  • Equivalent to driving 5,700 mi less a year

New Canton Solar Panel Installation Incentives & Rebates | 2024

The REAP Grant currently offers between 80% and 100% coverage for the installation costs of photovoltaic or wind turbines for rural small businesses and agricultural businesses. Think you fit the criteria? Verify your eligibility with our REAP Grant eligibility tool.

Thanks to the 30% federal income tax credit, residential solar installations are within reach for most people, rendering solar power a feasible investment across various states. Furthermore, various state and local programs are in place to further encourage the adoption of solar power.

Multiple utilities and government agencies in Illinois provide 7 solar rebate and incentive programs.

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?

For those intending to remain in their homes after the solar system's payback period, adding solar panels is a obvious choice in New Canton. Installing a 5 kW solar system in New Canton, IL will, on average, save you $18,346.4 over 20 years, and you can expect to break even in about 9 years.

The cost of not having solar panels in New Canton, IL

Not having solar panels or any other backup energy system results in missing the earlier mentioned savings and full dependence on your electric utility for electricity. Many recent examples in the news have shown that total dependence on your utility company is not always the best option.

Normally, customers in New Canton encounter around 0.78 outages. Usually, outages have an average duration of 92.9 minutes. However, during critical events like planned maintenance, aging infrastructure or earthquakes, these times can extend dramatically.

A solar energy system could help mitigate the effects of future outages, with or without a backup battery.

Power Outages

Currently, 0 customers are being tracked in Pike County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in New Canton, IL?

Your Energy Needs - Larger solar panel setups come with a larger price tag, yet the cost per watt decreases as the size of the system grows. Individuals often realize that setting up a solar system that can cover their entire electric bill is useful, ensuring significant savings.

Make & Model - Solar panels and mounting equipment, just like many other products, are available in different makes and models. The contractor’s preference for system makes it essential to select a reputable installer. Buyers who choose high-quality materials generally enjoy a more favorable long-term experience.

Solar Panel Type - Monocrystalline panels have emerged as the industry standard, and for good reason. These panels are more costly, yet they generate more energy. Most installers tend to utilize panels made from this material.

Your Property - Each property and home has its own characteristics. Factors like trees, irregular terrain, or other hindrances can make the installation more challenging. Today, the most solar installers can assess your home with satellite images and incorporate these considerations in the initial cost estimate.

Labor Rates - Companies offer different pay rates to their employees, which are then reflected in the prices consumers pay. Higher reviews for work and customer service are generally associated with businesses that pay higher wages.

Permitting & Interconnection - Permitting and utility interconnection fees vary locally and will impact your installation cost. Reliable installers will factor these costs into your first quotes to prevent unexpected expenses.

See what solar panels cost in other IL cities

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Who are the best solar installers in New Canton?

Freedom Forever

Temecula, CA(800) 685-1850

Services

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

Solar SME Inc.

Duncanville, TX(832) 626-2337

Services

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

YellowLite

Cleveland, OH(877) 743-8757

Services

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

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

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

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

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

Plug PV

Albany, NY(518) 948-5316

Services

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

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.
  • 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.
  • Installation of batteries for energy storage.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

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

RISE Power

Richardson, TX(855) 747-3769

Services

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

Dividend Finance

San Francisco, CA(415) 805-7000

Services

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

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

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

Palmetto Solar

Charleston, SC(855) 339-1831

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.
  • Reparation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

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

Tick Tock Energy

Effingham, IL(217) 994-9020

Services

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

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

Sunrun

San Francisco, CA(833) 394-3384

Services

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

GRNE Solar

Palatine, IL(312) 859-3417

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.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

Ideal Energy

Fairfield, IA(800) 634-4454

Services

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

City Electric Supply

Dallas, TX(866) 634-9853

Services

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

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

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

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

Badass Energy

Claremont, CA(909) 320-9860

Services

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

New Canton, IL Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in New Canton, IL is $4.04/W. Installing a 5 kW solar panel system in New Canton, IL will cost approximately $14,140 after applying the federal tax credit.

  • Various utility providers and government organizations in Illinois are offering 7 rebates and incentives at this time. Furthermore, the majority of people qualify for the 30% federal tax credit.

  • While paying cash provides the most savings, several financing options for solar panels exist that also make financial sense. Your preliminary quotes will usually include financing options available through installers.

  • Yes, in New Canton, IL, 5 kW solar panel systems usually pay off in 9 years, providing an average electricity cost savings of $18,346.4 over a 20-year period.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01