Solar Panel Cost Guide in Bolingbrook, IL (2024 Update)
- Bolingbrook Solar Installation Cost: $17,096
- 25-Year Savings: $10,199
- Payback Period: 18.9 Years
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Average Cost of Solar Panels in Bolingbrook
Let’s have a look at the average cost of solar panels in Bolingbrook.
The national average cost of solar panels is $2.66 per watt, but in Bolingbrook it’s 4 per watt.Because a 6.5-kW system is needed to cover the energy costs of a typical home in Bolingbrook, the average price of going solar will be about $17,096 after claiming the federal solar tax credit of 0.
Remember 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 to get, your solar contractor and more.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Bolingbrook can save about $13,000 on their electricity bills over 20 years.
To get a free estimate from a vetted solar installer in Bolingbrook, you can click the button below.
Solar savings over time in Bolingbrook
| Year | Return on Investment |
|---|---|
| 1 years | $-15,940 |
| 3 years | $-13,628 |
| 5 years | $-11,315 |
| 7 years | $-9,003 |
| 9 years | $-6,691 |
| 11 years | $-4,378 |
| 13 years | $-2,066 |
| 15 years | $246 |
| 17 years | $2,559 |
| 19 years | $4,871 |
| 21 years | $7,184 |
| 23 years | $9,496 |
| 25 years | $11,808 |
Top Solar Installers in Bolingbrook
Trying to install solar panels by yourself can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Bolingbrook
Factors that Affect Solar Panel Costs in Bolingbrook
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Bolingbrook: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require 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 $3,760.There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Bolingbrook have solar loans, which reduce the initial cost of installing solar.When trying to figure out 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 reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a role in determining how much it costs. Bolingbrook’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $3.91 | $16,424 | $4,463 | 19.7 years |
| 8 kW | $3.84 | $21,477 | $6,372 | 19.3 years |
| 10 kW | $3.76 | $26,320 | $8,491 | 18.9 years |
| 12 kW | $3.68 | $30,952 | $10,821 | 18.5 years |
| 14 kW | $3.61 | $35,374 | $13,361 | 18.1 years |
| 16 kW | $3.53 | $39,585 | $16,112 | 17.8 years |
| 18 kW | $3.46 | $43,586 | $19,074 | 17.4 years |
| 20 kW | $3.38 | $47,376 | $22,246 | 17.0 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which model 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 take a look at their list of options before making your decision.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- 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.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Bolingbrook, IL Solar Cost FAQs
How much does it cost to install solar panels in Bolingbrook?
The average cost of solar panels in Bolingbrook is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost 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 Bolingbrook?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.