Solar Panel Cost Guide in Campton Hills, IL (2023 Update)
- Campton Hills Solar Installation Cost: $12,479
- 25-Year Savings: $12,965
- Payback Period: 12.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Campton Hills
Let's take a look at the average cost of solar in Campton Hills.
The national average cost of solar panels is $2.66 per watt, but in Campton Hills it's 2.73 per watt. Because a 6.5-kW system is needed to cover the energy usage of a typical home in Campton Hills, the average price of going solar will be about $12,479 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 actual cost of installing solar panels can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Campton Hills see about $15,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Campton Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-11,461 |
| 3 years | $-9,426 |
| 5 years | $-7,390 |
| 7 years | $-5,355 |
| 9 years | $-3,319 |
| 11 years | $-1,283 |
| 13 years | $752 |
| 15 years | $2,788 |
| 17 years | $4,823 |
| 19 years | $6,859 |
| 21 years | $8,894 |
| 23 years | $10,930 |
| 25 years | $12,965 |
Top Solar Installers in Campton Hills
When making the switch to solar, many homeowners prefer to hire a solar installer since installing a solar system yourself can be a difficult project. The expertise that solar companies offer can be invaluable as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Campton Hills
Factors that Affect Solar Panel Costs in Campton Hills
There are several factors that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
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 consumes, the larger your system will likely need to be. You can expect to pay around $2,730 per kilowatt in Campton Hills. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you choose 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 energy bills over many years, but they can also be a significant investment. That's why many Campton Hills homeowners opt to finance their solar panel systems to offset upfront costs. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, 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 estimate the cost of solar for your home or business in Campton Hills is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $11,453 | 12.8 years |
| 8 kW | $2.78 | $15,594 | $15,576 | 12.5 years |
| 10 kW | $2.73 | $19,110 | $19,853 | 12.3 years |
| 12 kW | $2.68 | $22,473 | $24,282 | 12.0 years |
| 14 kW | $2.62 | $25,684 | $28,864 | 11.8 years |
| 16 kW | $2.57 | $28,741 | $33,599 | 11.5 years |
| 18 kW | $2.51 | $31,646 | $38,487 | 11.3 years |
| 20 kW | $2.46 | $34,398 | $43,528 | 11.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before making your decision.
- Contract: Before signing a contract with a solar installer, make sure you look it over carefully 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 if there are any guarantees about energy production.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Campton Hills, IL Solar Cost FAQs
What is the average cost of installing solar panels in Campton Hills?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Campton Hills?
Solar panels aren't free in Campton Hills, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Campton Hills?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.