Solar Panel Cost Guide in Byron, IL (Mar 2023)
- Byron Solar Installation Cost: $12,402
- 25-Year Savings: $10,209
- Payback Period: 13.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Byron
Let's have a look at the average cost of solar panels in Byron.
Although the national average of solar panels is $2.66 per watt, solar panels in Byron typically cost about 2.73. Because a 6.5-kW system is needed to cover the energy needs of a typical home in Byron, the average price of going solar will be about $12,402 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Byron can save about $13,000 on their energy bills over 20 years.
To receive a free estimate from a top solar installer in Byron, you can click the button below.
Solar savings over time in Byron
| Year | Return on Investment |
|---|---|
| 1 years | $-11,498 |
| 3 years | $-9,689 |
| 5 years | $-7,880 |
| 7 years | $-6,071 |
| 9 years | $-4,262 |
| 11 years | $-2,453 |
| 13 years | $-644 |
| 15 years | $1,165 |
| 17 years | $2,974 |
| 19 years | $4,783 |
| 21 years | $6,591 |
| 23 years | $8,400 |
| 25 years | $10,209 |
Top Solar Installers in Byron
Many homeowners opt for a solar installation company since figuring out how to install solar panels on your own can be hard. The expertise that solar installers offer can be useful as well, particularly if you don't quite know what type of solar equipment you need.
If you'd like to start using solar energy but still aren't sure which solar system company to go with, here are our suggestions for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- 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 Byron
Factors that Affect Solar Panel Costs in Byron
The cost of installing a solar system in Byron can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Byron, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,730 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Byron, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Byron homeowners choose to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your overall costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $8,964 | 14.3 years |
| 8 kW | $2.78 | $15,594 | $12,258 | 14.0 years |
| 10 kW | $2.73 | $19,110 | $15,705 | 13.7 years |
| 12 kW | $2.68 | $22,473 | $19,305 | 13.4 years |
| 14 kW | $2.62 | $25,684 | $23,057 | 13.2 years |
| 16 kW | $2.57 | $28,741 | $26,963 | 12.9 years |
| 18 kW | $2.51 | $31,646 | $31,021 | 12.6 years |
| 20 kW | $2.46 | $34,398 | $35,232 | 12.4 years |
How to Save on Solar Panels
The solar installer you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: If you're worried about the endurance of your solar panel system, making sure your company 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 (coming 2022)
Best Technology
Tesla Energy
- 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 Byron, IL Solar Cost FAQs
What is the average cost of installing solar panels in Byron?
The average cost of solar panels in Byron is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Byron?
You can't get solar panels for free in Byron. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Byron, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with 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 larger level 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.