Solar Panel Cost Guide in Barrington Hills, IL (2025 Update)
- Barrington Hills Solar Installation Cost: $16,951
- 25-Year Savings: $10,304
- Payback Period: 18.7 Years
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Average Cost of Solar Panels in Barrington Hills
Find out what the average cost of a solar system is in Barrington Hills.
The average cost of a solar panel system in Barrington Hills is 4 per watt.The average Barrington Hills homeowner needs a 6.4-kilowatt system, which would cost about $16,951 with the federal tax credit, or $24,240 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary depending on several factors, such as how many panels you need, your energy usage and what installation company you go with.Even with the large initial cost, the average Barrington Hills homeowner can save about $13,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar installer in Barrington Hills that can help you get a more accurate cost estimate for your home.
Solar savings over time in Barrington Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-15,795 |
| 3 years | $-13,483 |
| 5 years | $-11,170 |
| 7 years | $-8,858 |
| 9 years | $-6,545 |
| 11 years | $-4,233 |
| 13 years | $-1,921 |
| 15 years | $392 |
| 17 years | $2,704 |
| 19 years | $5,016 |
| 21 years | $7,329 |
| 23 years | $9,641 |
| 25 years | $11,953 |
Top Solar Installers in Barrington Hills
Although you can install solar panels on your own, it involves extra time and expertise. Because of that, almost all homeowners choose to go with a solar panel installer. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company too, which can save you more money after your initial investment.
If you’d like to go solar but still aren’t certain which solar company to go with, here are our suggestions for providers in Barrington Hills:
See all of the solar companies in Barrington Hills
Factors that Affect Solar Panel Costs in Barrington Hills
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Barrington Hills: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,760. The brand and kind of equipment you get for your solar system can raise or lower 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Barrington Hills, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Barrington Hills, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Barrington Hills know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $4,642 | 19.5 years |
| 8 kW | $3.84 | $21,477 | $6,610 | 19.1 years |
| 10 kW | $3.76 | $26,320 | $8,789 | 18.7 years |
| 12 kW | $3.68 | $30,952 | $11,179 | 18.4 years |
| 14 kW | $3.61 | $35,374 | $13,779 | 18.0 years |
| 16 kW | $3.53 | $39,585 | $16,589 | 17.6 years |
| 18 kW | $3.46 | $43,586 | $19,610 | 17.2 years |
| 20 kW | $3.38 | $47,376 | $22,842 | 16.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
EcoWatch's Barrington Hills, IL Solar Cost FAQs
What is the average cost of installing solar panels in Barrington Hills?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $702.18 per year.
What solar power system size is right for my home?
To figure out what solar panel system size 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 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.