Solar Panel Cost Guide in Boulder Hill, IL (2023 Update)
- Boulder Hill Solar Installation Cost: $12,383
- 25-Year Savings: $10,228
- Payback Period: 13.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Boulder Hill
We go over average solar pricing in Boulder Hill.
The average cost of solar panels in Boulder Hill is 2.73 per watt. To account for the typical energy needs of the average home in Boulder Hill, most homeowners require a 6.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,383, or $17,708 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you want, your solar contractor and more. Even with the significant initial cost, the average Boulder Hill homeowner can save around $13,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a top solar company in Boulder Hill for a quote for your home.
Solar savings over time in Boulder Hill
| Year | Return on Investment |
|---|---|
| 1 years | $-11,479 |
| 3 years | $-9,670 |
| 5 years | $-7,861 |
| 7 years | $-6,052 |
| 9 years | $-4,243 |
| 11 years | $-2,434 |
| 13 years | $-625 |
| 15 years | $1,184 |
| 17 years | $2,993 |
| 19 years | $4,802 |
| 21 years | $6,611 |
| 23 years | $8,420 |
| 25 years | $10,228 |
Top Solar Installers in Boulder Hill
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring a solar company can make swapping over to solar power much easier. Another benefit of going with a solar company is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Boulder Hill
Factors that Affect Solar Panel Costs in Boulder Hill
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater 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 $2,730. There are a lot of different solar panel brands and the one you choose also changes the cost. In general, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you only 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 Boulder Hill provide solar loans, which reduce the initial cost of installing solar panels. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Boulder Hill, and each can charge different amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that provides the products, warranties and services you're looking for and also fit into your budget.
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 | $9,011 | 14.2 years |
| 8 kW | $2.78 | $15,594 | $12,321 | 14.0 years |
| 10 kW | $2.73 | $19,110 | $15,783 | 13.7 years |
| 12 kW | $2.68 | $22,473 | $19,399 | 13.4 years |
| 14 kW | $2.62 | $25,684 | $23,167 | 13.1 years |
| 16 kW | $2.57 | $28,741 | $27,088 | 12.9 years |
| 18 kW | $2.51 | $31,646 | $31,162 | 12.6 years |
| 20 kW | $2.46 | $34,398 | $35,389 | 12.3 years |
How to Save on Solar Panels
The solar installer you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The type of solar panel you want plays a role in which installer you should opt for, since different companies offer different panels.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Warranty: A quality company rises above other companies by offering 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Boulder Hill, IL Solar Cost FAQs
How much does it cost to install solar panels in Boulder Hill?
The average cost of solar panels in Boulder Hill 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Boulder Hill have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can 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 get between 20 and 35 panels to account for 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.