Solar Panel Cost Guide in Candlewick Lake, IL (2024 Update)

  • Candlewick Lake Solar Installation Cost: $17,201
  • 25-Year Savings: $13,457
  • Payback Period: 16.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated June 24, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Candlewick Lake

We go over average solar pricing in Candlewick Lake.

In Candlewick Lake, solar panels cost about 4 per watt on average.Using this figure, a typical 6.5-kW system would cost about $17,201 before the 0 federal solar tax credit is applied.

The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what company you go with.For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Candlewick Lake see about $15,000 in savings on electricity bills over 20 years.

You can click the button below to get connected with a vetted solar company in Candlewick Lake that can help you get a more accurate cost estimate for your home.

Solar savings over time in Candlewick Lake

YearReturn on Investment
1 years$-16,045
3 years$-13,733
5 years$-11,421
7 years$-9,108
9 years$-6,796
11 years$-4,484
13 years$-2,171
15 years$141
17 years$2,454
19 years$4,766
21 years$7,078
23 years$9,391
25 years$11,703

Top Solar Installers in Candlewick Lake

When switching to solar energy, many homeowners choose to hire a solar installation company since installing a solar system yourself can be a challenging project. Another upside of going with a solar company is that they can help you optimize your investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.

If you’d like to go solar but still aren’t sure which solar panel company to go with, here are our recommendations for providers in Candlewick Lake:

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Candlewick Lake

Factors that Affect Solar Panel Costs in Candlewick Lake

While the average cost of a solar system in Candlewick Lake is $17,201, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to consider.

Solar Equipment

When it comes to estimating the cost of solar panels in Candlewick Lake, 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 determine by looking at past energy bills. Your total cost can increase by about $3,760 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Candlewick Lake, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.While solar loans make going solar more accessible for Candlewick Lake homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.

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 Candlewick Lake is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in Candlewick Lake know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.91$16,424$7,39617.2 years
8 kW$3.84$21,477$10,28316.9 years
10 kW$3.76$26,320$13,38016.6 years
12 kW$3.68$30,952$16,68716.2 years
14 kW$3.61$35,374$20,20615.9 years
16 kW$3.53$39,585$23,93415.6 years
18 kW$3.46$43,586$27,87415.2 years
20 kW$3.38$47,376$32,02314.9 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. Since picking a company can be difficult, we have some tips to help you, such as:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before deciding.
  • Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
  • Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • 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.

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0
  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Candlewick Lake, IL Solar Cost FAQs

What is the average cost of installing solar panels in Candlewick Lake?

The average cost of solar panels in Candlewick Lake is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Candlewick Lake?

A solar panel system isn’t free in Candlewick Lake, 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 further reduce the cost.

How much can I save on electricity bills after switching to solar?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Candlewick Lake, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.