Solar Panels Cost $7.7k-$18k in Randolph County, IL | November, 2024
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How much do solar panels cost in Randolph County, IL in 2024?
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You'll spend, on average, $3.7/W in November, 2024 in Randolph County, IL to have solar panels installed.
Based on the cost, solar panel installations will cost you $3,700 per 1000 watts (1 kW) of production capacounty. When you subtract the 30% federal tax credit, you can expect to pay approximately $12,950, in Randolph County, for a 5 kW system. Your energy consumption levels might need a larger system.
On the left side, choose your county to see the average roof size and the maximum capacity of residential solar for homes in your area. Find below a complete summary of the {price|costs, 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.
Randolph County: $12,950US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Randolph 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.
Randolph County: $19,478US Average: $16,169
Solar Potential in Randolph County
Estimated system size and solar electricity production per median viable roof in Randolph County.
Roof size 679sq. ft.
Capacity 9.5kW DC
Electricity 11kkWh AC per yr.
Electricity Costs in Randolph County, IL & What that Means for Your Solar Panel Pricing
Energy consumers in Randolph County generally pay 158.24 per month for electricity, with a typical monthly usage of777 kWh. Apartments and small homes with reduced energy requirements are covered in this number.
For November 2024, the average electricity rate in Randolph County, IL is 20.37¢ per kWh.
You can expect to pay about $25,900for a 7 kW setup upfront, but the federal tax credit gives you 30% back, reducing the price to $18,130.
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Randolph County
To the left, you will find a cost breakdown for multiple solar panel system sizes set up in Randolph County. The initial cost for more extensive solar systems is higher, but they also provide higher electricity savings and more substantial income tax credits.
Refer to the solar panel cost calculator down and to the right to see the cost and benefit details based on an average $158.24 electric bill in Randolph County. To get results more personalized, change the $158.24 to match your typical electricity bill.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $888 a year
Est. Price
$7,770
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 5.19 tons a year
Equivalent to planting 238 trees a year
Equivalent to driving 12,841 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,184 a year
Est. Price
$10,360
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 6.92 tons a year
Equivalent to planting 318 trees a year
Equivalent to driving 17,122 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,480 a year
Est. Price
$12,950
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 8.65 tons a year
Equivalent to planting 397 trees a year
Equivalent to driving 21,402 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,776 a year
Est. Price
$15,540
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 10.38 tons a year
Equivalent to planting 477 trees a year
Equivalent to driving 25,683 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $2,072 a year
Est. Price
$18,130
Savings from a 7kWthis system
Est. yearly production 10,360 kWh
Est. monthly savings $158
Full payback in 10 years
Environmental Impacts
Reduces CO2 emissions by 11.08 tons a year
Equivalent to planting 509 trees a year
Equivalent to driving 27,419 mi less a year
Randolph County Solar Panel Installation Incentives & Rebates | 2024
Between 80% and 100% of your solar energy or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. Think you might be eligible? Confirm your qualification with our REAP Grant eligibility tool.
When it comes to residential solar, most people can take advantage of the 30% federal income tax credit, which makes solar a practical option in most regions of the nation. Furthermore, a range of state and local programs are available to promote solar adoption.
Illinois residents have access to 10 solar rebate and incentive programs from different utilities and governmental bodies.
Solar incentives in ILIncentive Description Value
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 Randolph County, IL?
If you intend to live in your home beyond the payback period of your solar system, solar panels are an obvious choice in Randolph County. With a 5 kW solar system in Randolph County, IL, the average savings over a 20 period is $25,027.6, with break even generally occurring at 7 years.
The cost of not having solar panels in Randolph County, IL
The lack of solar panels or another energy backup means you'll forgo the earlier mentioned savings and be completely reliant on your electric utility for power. The news has recently proven that full dependence on your utility provider is not always ideal.
On average, there are 0.72 outages per customer each year in Randolph County. On average, an outage lasts 90.48 minutes. Major events such as landslides, vandalism, or overloaded power grids can significantly extend these time frames.
Take a look at the component below to see the number of current electricity customers without power in Randolph County.
A solar energy system, whether or not it has a backup battery, could reduce the effects of any future power interruptions you might face.
Power Outages
Currently, 0 customers are being tracked in Randolph County.
What impacts the cost of solar panels in Randolph County, IL?
Your Energy Needs - Though the initial cost of larger solar panel systems is larger, the price per watt diminishes as the system gets larger. It is often advantageous for individuals to set up a solar system that can generate enough electricity to completely replace their electric bill, which ensures substantial savings.
Make & Model - Solar panels and mounting equipment are available in a range of makes and models. Given the certain brand preferences an installer might have, picking a recommended company is critical. The employment of high-quality equipment is probably will provide a more satisfactory long-term experience for buyers.
Solar Panel Type - It's obvious why monocrystalline panels are now the standard in the industry. Although they are pricier, they deliver increased energy. Many installers utilize panels constructed of this material.
Your Property - Each property and home has its own unique features. Uneven landscapes, trees, or additional challenges may add to the difficulty of the installation. Nowadays, the most solar installers can evaluate your home with satellite images and factor in these elements in the initial cost estimate.
Labor Rates - The pay employees get from their employers vary, and these costs are transferred to the consumers. Higher reviews for work and customer service are generally associated with businesses that pay higher wages.
Permitting & Interconnection - Your installation cost will be impacted by area-specific permitting and utility interconnection fees. Reputable local installers will include these figures in your first estimates to ensure transparency.
See what solar panels cost in other Randolph County cities
The cost per watt for solar panels in Randolph County, IL during November of 2024 averages $3.7/W. For a 5 kW solar panel system, the total cost in Randolph County, IL after federal tax credits is around $12,950.
There are 10 rebates and incentives available in Illinois from a range of utility providers and government organizations. Moreover, nearly everyone is eligible for the 30% federal income tax credit.
Paying cash will result in the most savings, but these days there are several options for financing solar panels that are cost-effective as well. Installers typically partner with financing companies and will include this information into your initial quotes.
Yes, the average 5 kW solar panel payback time in Randolph County, IL is 7 years, with expected savings of $25,027.6 on electricity over 20 years.
Savings from 
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