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.
Bear in mind that the figures above are only estimates based on the average Burr Ridge homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the significant upfront cost, the average Burr Ridge homeowner can save around $13,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized estimate.
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
When making the switch to solar, many homeowners prefer to hire a solar installer since overseeing your solar installation yourself can be a challenging project. Some solar companies, especially local ones, can help you make the most of incentives in Burr Ridge, thereby optimizing your ROI.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Burr Ridge:
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 above or below the average. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $3,760 per kilowatt in Burr Ridge.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, like solar batteries, can bring your total well above the Burr Ridge average.
Solar Financing Terms
Most solar installers in Burr Ridge offer solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Burr Ridge, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater 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 discount can bring their pricing down 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
There are a lot of companies available in Burr Ridge, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: If you care about the durability of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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?
The average cost of solar panels in Burr Ridge 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Burr Ridge?
A solar panel system isn’t free in Burr Ridge, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Burr Ridge have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
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 goes down 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.