Solar Panel Cost Guide in Byron, IL (2023 Update)
- Byron Solar Installation Cost: $12,411
- 25-Year Savings: $10,200
- Payback Period: 13.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Byron
We break down average solar pricing in Byron.
In Byron, solar panels cost about 2.73 per watt on average. The average solar panel system size in Byron is around 6.5 kilowatts, meaning a cost of about $12,402 for a solar installation, or $17,735 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Byron depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar is worth paying. On average Byron homeowners see about $13,000 in savings on energy bills over 20 years.
Click the button below to get connected to a reputable solar installer in Byron for a personalized quote.
Solar savings over time in Byron
| Year | Return on Investment |
|---|---|
| 1 years | $-12,336 |
| 3 years | $-12,185 |
| 5 years | $-12,035 |
| 7 years | $-11,884 |
| 9 years | $-11,733 |
| 11 years | $-11,582 |
| 13 years | $-11,432 |
| 15 years | $-11,281 |
| 17 years | $-11,130 |
| 19 years | $-10,979 |
| 21 years | $-10,829 |
| 23 years | $-10,678 |
| 25 years | $-10,527 |
Top Solar Installers in Byron
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar company can make swapping over to solar power much easier. The expertise that solar installers offer can be useful as well, especially if you don't quite know what kind of solar equipment would be right for your home.
If you're searching for a solar company in Byron, the EcoWatch team has put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Byron
Factors that Affect Solar Panel Costs in Byron
For many Byron homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Byron, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant 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 consumes, the larger your system will likely need to be. You can expect to pay around $2,730 per kilowatt in Byron. There are many different solar panel brands and the one you choose 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 install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Byron is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different costs. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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
There are a lot of companies to choose from in Byron, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Byron, IL Solar Cost FAQs
How much does it cost to install 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 real cost will depend on things 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?
Solar panels aren't free in Byron, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Byron?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.