Solar Panel Cost Guide in Burr Ridge, IL (2024 Update)
- Burr Ridge Solar Installation Cost: $17,005
- 25-Year Savings: $10,265
- Payback Period: 18.8 Years
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Average Cost of Solar Panels in Burr Ridge
Find out how much it might cost to switch to solar power in Burr Ridge.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Burr Ridge, the average cost of solar panels is 4 per watt.The average Burr Ridge homeowner needs a 6.5-kilowatt system, which would cost about $17,005 with the federal tax credit, or $24,317 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar panels you choose, your solar contractor and more.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $13,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Burr Ridge for a quote for your home.
Solar savings over time in Burr Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-15,849 |
| 3 years | $-13,537 |
| 5 years | $-11,224 |
| 7 years | $-8,912 |
| 9 years | $-6,600 |
| 11 years | $-4,287 |
| 13 years | $-1,975 |
| 15 years | $337 |
| 17 years | $2,650 |
| 19 years | $4,962 |
| 21 years | $7,274 |
| 23 years | $9,587 |
| 25 years | $11,899 |
Top Solar Installers in Burr Ridge
Putting up solar panels by yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. Some solar companies, especially local ones, can help you better understand incentives in Burr Ridge, optimizing your ROI.
Working with a licensed solar installer can help you make the most of your investment in solar. 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 Burr Ridge
Factors that Affect Solar Panel Costs in Burr Ridge
Although the average cost of a solar system in Burr Ridge is $17,005, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar panel 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 about $3,760. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to get 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Burr Ridge homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your total costs, so it’s important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating in Burr Ridge, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk 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 discount can bring their pricing lower to compete with bigger companies.
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 | $4,575 | 19.6 years |
| 8 kW | $3.84 | $21,477 | $6,521 | 19.2 years |
| 10 kW | $3.76 | $26,320 | $8,677 | 18.8 years |
| 12 kW | $3.68 | $30,952 | $11,044 | 18.4 years |
| 14 kW | $3.61 | $35,374 | $13,622 | 18.0 years |
| 16 kW | $3.53 | $39,585 | $16,410 | 17.7 years |
| 18 kW | $3.46 | $43,586 | $19,409 | 17.3 years |
| 20 kW | $3.38 | $47,376 | $22,618 | 16.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Burr Ridge, IL Solar Cost FAQs
How much does it cost to install solar panels in Burr Ridge?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Burr Ridge?
You can’t get solar panels for free in Burr Ridge. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Does Burr Ridge 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 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 larger 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.