Solar Panel Cost Guide in Bloomingdale, IL (Oct 2022)

  • Bloomingdale Solar Installation Cost: $12,479
  • 25-Year Savings: $10,133
  • Payback Period: 13.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Bloomingdale

We go over average solar pricing in Bloomingdale.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Bloomingdale, the average cost of a solar system is $3 per watt. Because a 6.5-kW system is needed to cover the energy costs of a typical home in Bloomingdale, the average price of going solar will be about $12,479 before claiming the federal solar tax credit of 30%.

How much you pay can go higher or lower than the average in Bloomingdale depending on several factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a sound investment. The average homeowner in Bloomingdale can save around $13,000 on their electricity bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in Bloomingdale that can help you get a more accurate cost estimate for your home.

Solar savings over time in Bloomingdale

Year Return on Investment
1 years $-11,574
3 years $-9,765
5 years $-7,956
7 years $-6,148
9 years $-4,339
11 years $-2,530
13 years $-721
15 years $1,088
17 years $2,897
19 years $4,706
21 years $6,515
23 years $8,324
25 years $10,133

Top Solar Installers in Bloomingdale

Trying to install solar panels on your own can be a challenging undertaking, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar installers provide can be helpful as well, especially if you aren't sure what kind of solar equipment would be right for your home.

If you'd like to start using solar energy but still aren't certain which solar panel company to go with, here are our recommendations for providers in Bloomingdale:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Bloomingdale

Factors that Affect Solar Panel Costs in Bloomingdale

Though the average cost of solar panels in Bloomingdale is $12,479, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.

Solar Equipment Size

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size. Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,730. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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 more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Bloomingdale, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make switching to solar energy more accessible for Bloomingdale homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar panel installer you choose will impact your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have 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 promotion can bring their pricing down to compete with bigger names.

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 $8,840 14.4 years
8 kW $2.78 $15,594 $12,093 14.1 years
10 kW $2.73 $19,110 $15,498 13.8 years
12 kW $2.68 $22,473 $19,057 13.5 years
14 kW $2.62 $25,684 $22,768 13.3 years
16 kW $2.57 $28,741 $26,632 13.0 years
18 kW $2.51 $31,646 $30,649 12.7 years
20 kW $2.46 $34,398 $34,819 12.4 years

Solar Incentives in Bloomingdale

Name Special Assessment for Solar Energy Systems
Incentive Amount Varies
More Info Click here

Name ComEd - Energy Efficiency Program for Residential
Website Visit here
More Info Click here

Name Solar Renewable Energy Credits
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are numerous companies available in Bloomingdale, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
  • 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 not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
  • Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the project completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Bloomingdale, IL Solar Cost FAQs

What is the average cost of installing solar panels in Bloomingdale?

The average cost of solar panels in Bloomingdale 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider apart from cost when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Can solar panels eliminate my energy bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Bloomingdale, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

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.

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