Solar Panel Cost Guide in Campton, IL (2023 Update)
- Campton Solar Installation Cost: $12,479
- 25-Year Savings: $12,398
- Payback Period: 12.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Campton
Find out what the average cost of installing solar panels is in Campton.
In Campton, solar panels cost about 2.73 per watt on average. To cover the typical energy usage of the average home in Campton, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs around $12,479, or $17,845 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Campton homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $14,000 on power bills over 20 years, many homeowners in Campton find installing solar panels has a decent ROI.
You can click the button below to get connected with a top solar installer in Campton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Campton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,323 |
| 3 years | $-9,011 |
| 5 years | $-6,698 |
| 7 years | $-4,386 |
| 9 years | $-2,074 |
| 11 years | $239 |
| 13 years | $2,551 |
| 15 years | $4,863 |
| 17 years | $7,176 |
| 19 years | $9,488 |
| 21 years | $11,800 |
| 23 years | $14,113 |
| 25 years | $16,425 |
Top Solar Installers in Campton
When going solar, many homeowners choose to go with a solar installation company since DIY solar panel installation can be a time-consuming project. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for your home.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Campton
Factors that Affect Solar Panel Costs in Campton
The cost of installing a solar system in Campton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,730 per kilowatt in Campton. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Campton, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Campton to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can influence the cost. Campton's solar companies all have different labor costs and add varying upcharges to equipment. You may come across 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 specials 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 | $10,933 | 13.0 years |
| 8 kW | $2.78 | $15,594 | $14,883 | 12.8 years |
| 10 kW | $2.73 | $19,110 | $18,985 | 12.5 years |
| 12 kW | $2.68 | $22,473 | $23,241 | 12.3 years |
| 14 kW | $2.62 | $25,684 | $27,650 | 12.0 years |
| 16 kW | $2.57 | $28,741 | $32,211 | 11.8 years |
| 18 kW | $2.51 | $31,646 | $36,926 | 11.5 years |
| 20 kW | $2.46 | $34,398 | $41,793 | 11.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, 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:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
- Warranty: If you care about the durability of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Contract: Before signing a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Campton, IL Solar Cost FAQs
How much does it cost to install solar panels in Campton?
The average cost of solar panels in Campton 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 Campton?
Solar panels aren't free in Campton, 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 further reduce the cost.
How will solar panels impact the value of my home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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 buy between 20 and 35 panels to cover 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.