Solar Panel Cost Guide in Aledo, IL (2023 Update)
- Aledo Solar Installation Cost: $16,867
- 25-Year Savings: $7,562
- Payback Period: 21.3 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Aledo
Find out what the average cost of solar panels are in Aledo.
The national average cost of solar panels is $2.66 per watt, but in Aledo it's 2.73 per watt.The average Aledo homeowner needs a 6.4-kilowatt system, which would cost about $12,250 with the federal tax credit, or $17,518 before the 30% tax credit is applied.
These figures are only estimates, and how much solar costs for you will look different based on factors unique to your home and what company you choose to go with.Even with the high upfront cost, the average Aledo homeowner can save about $12,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in Aledo for a quote for your home.
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
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with an installer can make your swap to solar power much easier. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Aledo
Factors that Affect Solar Panel Costs in Aledo
The cost of installing a solar system in Aledo can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar system in Aledo, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,730 for each additional kilowatt you need.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Aledo average.
Solar Financing Terms
Many homeowners find the average cost of solar in Aledo to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Aledo, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 many companies available in Aledo, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Solar Panel Brands: The kind of solar panel you'd like plays a part in which installer you should choose, since different companies have different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 many factors. Broadly speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Aledo?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.