Solar Panel Cost Guide in Aledo, IL (2024 Update)
- Aledo Solar Installation Cost: $16,867
- 25-Year Savings: $7,562
- Payback Period: 21.3 Years
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Average Cost of Solar Panels in Aledo
We break down average solar pricing in Aledo.
While the national average of solar panels is $2.66 per watt, solar panels in Aledo generally cost around 4.The average solar panel system size in Aledo is around 6.4 kilowatts, meaning a cost of about $16,867 for a solar installation, or $24,120 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar panels you choose, your solar contractor and more.For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Aledo see about $12,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar installer in your area for a custom estimate.
Solar savings over time in Aledo
| Year | Return on Investment |
|---|---|
| 1 years | $-16,026 |
| 3 years | $-14,344 |
| 5 years | $-12,662 |
| 7 years | $-10,980 |
| 9 years | $-9,298 |
| 11 years | $-7,616 |
| 13 years | $-5,934 |
| 15 years | $-4,252 |
| 17 years | $-2,570 |
| 19 years | $-888 |
| 21 years | $794 |
| 23 years | $2,476 |
| 25 years | $4,158 |
Top Solar Installers in Aledo
Installing solar panels on your own can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Another good thing about choosing a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
If you're looking for a solar company in Aledo, the EcoWatch team has organized a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Aledo
Factors that Affect Solar Panel Costs in Aledo
There are a number of criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The brand of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Aledo homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Aledo is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Aledo have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.91 | $16,424 | $2,123 | 22.1 years |
| 8 kW | $3.84 | $21,477 | $3,251 | 21.7 years |
| 10 kW | $3.76 | $26,320 | $4,591 | 21.3 years |
| 12 kW | $3.68 | $30,952 | $6,140 | 20.9 years |
| 14 kW | $3.61 | $35,374 | $7,901 | 20.4 years |
| 16 kW | $3.53 | $39,585 | $9,872 | 20.0 years |
| 18 kW | $3.46 | $43,586 | $12,053 | 19.6 years |
| 20 kW | $3.38 | $47,376 | $14,445 | 19.2 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: If you’re concerned about the longevity of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Aledo, IL Solar Cost FAQs
How much does it cost to install solar panels in Aledo?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Aledo?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.