Solar Panel Cost Guide in Ball, IL (2023 Update)
- Ball Solar Installation Cost: $11,952
- 25-Year Savings: $14,497
- Payback Period: 11.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ball
We break down average solar pricing in Ball.
In Ball, solar panels cost about 2.73 per watt on average. Since a 6.2-kW system is needed to cover the energy usage of a typical home in Ball, the average price of going solar will be about $11,944 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want, your solar contractor and more. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Ball can save around $16,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Ball
| Year | Return on Investment |
|---|---|
| 1 years | $-11,101 |
| 3 years | $-9,400 |
| 5 years | $-7,698 |
| 7 years | $-5,997 |
| 9 years | $-4,296 |
| 11 years | $-2,595 |
| 13 years | $-893 |
| 15 years | $808 |
| 17 years | $2,509 |
| 19 years | $4,211 |
| 21 years | $5,912 |
| 23 years | $7,613 |
| 25 years | $9,314 |
Top Solar Installers in Ball
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make switching to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:
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 Ball
Factors that Affect Solar Panel Costs in Ball
The cost of installing a solar system in Ball can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Ball, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $2,730 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Ball offer solar loans, which reduce the initial cost of installing solar panels. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $2.84 | $11,925 | $13,449 | 11.7 years |
| 8 kW | $2.78 | $15,594 | $18,238 | 11.5 years |
| 10 kW | $2.73 | $19,110 | $23,179 | 11.3 years |
| 12 kW | $2.68 | $22,473 | $28,274 | 11.1 years |
| 14 kW | $2.62 | $25,684 | $33,521 | 10.8 years |
| 16 kW | $2.57 | $28,741 | $38,922 | 10.6 years |
| 18 kW | $2.51 | $31,646 | $44,475 | 10.4 years |
| 20 kW | $2.46 | $34,398 | $50,181 | 10.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: The kind of solar panel you'd like plays a part in which company you should opt for, since different companies provide different panels.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Ball, IL Solar Cost FAQs
What is the average cost of installing solar panels in Ball?
The average cost of solar panels in Ball is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
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 Ball is currently $184,192, so you can look forward to a value of about $7,552 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Ball is a fruitful investment.
How long do solar panels last in Ball?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.