Solar Panel Cost Guide in Aroma, IL (Mar 2023)
- Aroma Solar Installation Cost: $12,250
- 25-Year Savings: $11,089
- Payback Period: 13.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Aroma
Let's have a look at the average cost of solar panels in Aroma.
The average cost of a solar panel system in Aroma is 2.73 per watt. Since a 6.4-kW system is needed to cover the energy usage of a typical home in Aroma, the average price of going solar will be about $12,250 after claiming the federal solar tax credit of 30%.
How much you pay can be higher or lower than the average in Aroma depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire. With average savings of about $14,000 on utility bills over 20 years, many homeowners in Aroma find going solar can be quite rewarding.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Aroma
| Year | Return on Investment |
|---|---|
| 1 years | $-11,316 |
| 3 years | $-9,449 |
| 5 years | $-7,582 |
| 7 years | $-5,715 |
| 9 years | $-3,848 |
| 11 years | $-1,980 |
| 13 years | $-113 |
| 15 years | $1,754 |
| 17 years | $3,621 |
| 19 years | $5,488 |
| 21 years | $7,355 |
| 23 years | $9,222 |
| 25 years | $11,089 |
Top Solar Installers in Aroma
Trying to install solar panels on your own can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you're not certain what kind of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
Working with a professional 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 (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Aroma
Factors that Affect Solar Panel Costs in Aroma
Even though the average cost of a solar system in Aroma is $12,250, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
Solar 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 important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider 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 falls within 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 Aroma homeowners choose to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Aroma, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.84 | $11,925 | $9,927 | 13.6 years |
| 8 kW | $2.78 | $15,594 | $13,542 | 13.4 years |
| 10 kW | $2.73 | $19,110 | $17,309 | 13.1 years |
| 12 kW | $2.68 | $22,473 | $21,230 | 12.9 years |
| 14 kW | $2.62 | $25,684 | $25,303 | 12.6 years |
| 16 kW | $2.57 | $28,741 | $29,530 | 12.3 years |
| 18 kW | $2.51 | $31,646 | $33,909 | 12.1 years |
| 20 kW | $2.46 | $34,398 | $38,441 | 11.8 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Aroma is currently $121,066, so you can expect a value of about $4,964 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Aroma is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.