Solar Panel Cost Guide in Aurora, IL (Jan 2023)
- Aurora Solar Installation Cost: $12,422
- 25-Year Savings: $11,530
- Payback Period: 13.0 Years
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Top Solar Installers in Aurora
Although you can install solar panels on your own, it requires extra time and handiness. Because of that, most homeowners choose to go with a solar panel installer. Plus, if you're unsure what kind of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Aurora
Factors that Affect Solar Panel Costs in Aurora
For many Aurora homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Aurora, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
When it comes to estimating the cost of a solar panel system in Aurora, 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 power bills. Your overall cost can increase by about $2,730 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Aurora, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Aurora provide solar loans, which reduce your upfront costs of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Aurora is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for example, you'll have many options for solar installers that provide a range of services at different costs. The company's size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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||$10,184||13.5 years|
|8 kW||$2.78||$15,594||$13,884||13.2 years|
|10 kW||$2.73||$19,110||$17,737||13.0 years|
|12 kW||$2.68||$22,473||$21,743||12.7 years|
|14 kW||$2.62||$25,684||$25,902||12.4 years|
|16 kW||$2.57||$28,741||$30,214||12.2 years|
|18 kW||$2.51||$31,646||$34,679||11.9 years|
|20 kW||$2.46||$34,398||$39,296||11.7 years|
How to Save on Solar Panels
There are many companies available in Aurora, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
EcoWatch's Aurora, IL Solar Cost FAQs
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.