Solar Panel Cost Guide in Aroma, IL (2024 Update)
- Aroma Solar Installation Cost: $16,867
- 25-Year Savings: $11,092
- Payback Period: 18.1 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Aroma
We break down average solar pricing in Aroma.
The national average cost of solar panels is $2.66 per watt, but in Aroma it’s 4 per watt.To account for the typical energy usage of the average home in Aroma, most homeowners require a 6.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,867, or $24,120 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.Even with the large initial cost, the average Aroma homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Aroma
Year | Return on Investment |
---|---|
1 years | $-15,710 |
3 years | $-13,398 |
5 years | $-11,086 |
7 years | $-8,773 |
9 years | $-6,461 |
11 years | $-4,149 |
13 years | $-1,836 |
15 years | $476 |
17 years | $2,789 |
19 years | $5,101 |
21 years | $7,413 |
23 years | $9,726 |
25 years | $12,038 |
Top Solar Installers in Aroma
Although it's possible to install solar panels on your own, it requires extra effort and knowledge. For that reason, the majority of homeowners choose to hire a solar panel installer. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Aroma
Factors that Affect Solar Panel Costs in Aroma
The cost of installing a solar system in Aroma can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,760 per kilowatt in Aroma.There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Aroma, and each can charge varying amounts for labor and equipment.Additionally, some companies in Aroma know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $5,428 | 18.8 years |
8 kW | $3.84 | $21,477 | $7,658 | 18.4 years |
10 kW | $3.76 | $26,320 | $10,099 | 18.1 years |
12 kW | $3.68 | $30,952 | $12,751 | 17.7 years |
14 kW | $3.61 | $35,374 | $15,613 | 17.3 years |
16 kW | $3.53 | $39,585 | $18,686 | 17.0 years |
18 kW | $3.46 | $43,586 | $21,969 | 16.6 years |
20 kW | $3.38 | $47,376 | $25,463 | 16.3 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 brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: If you’re worried about the endurance of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- 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.
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 Aroma, IL Solar Cost FAQs
How much does it cost to install solar panels in Aroma?
The average cost of solar panels in Aroma is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Aroma?
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.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.