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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Average Cost of Solar Panels in Aroma
We break down average solar pricing in Aroma.
The average cost of a solar system in Aroma is 4 per watt.Using this figure, a typical 6.4-kW system would cost about $16,867 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you want, your solar contractor and more.Despite the high initial cost, the average Aroma homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a top solar installer in Aroma for a quote for your home.
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
When making the switch to solar, many homeowners choose to go with a solar company since DIY solar panel installation can be a difficult project. The expertise that solar companies offer can be invaluable as well, especially if you aren’t sure what type of solar equipment you need.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Aroma:
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
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 $16,867, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,760.There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install 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
Many homeowners find the average cost of solar in Aroma to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time due to interest.You’ll have to consider the long-term cost of financing options, 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 original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Aroma, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Aroma have more knowledge about local solar incentives and can help you learn about 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 | $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 models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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
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
What is the average cost of installing 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is definitely one of the most important factors you should consider 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 local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.