Solar Panel Cost Guide in Cary, IL (Nov 2022)

  • Cary Solar Installation Cost: $12,460
  • 25-Year Savings: $10,152
  • Payback Period: 13.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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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 Cary

See how much it might cost to install solar panels in Cary.

The national average cost of solar panels is $2.66 per watt, but in Cary it's $3 per watt. Using this figure, a typical 6.5 would cost about $12,460 before the 30% federal solar tax credit is applied.

The true cost of your system can be above or below the average in Cary depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Cary can save around $13,000 on their energy bills over 20 years.

Click the button below to get connected to a reputable solar installer in your area for a customized quote.

Solar savings over time in Cary

Year Return on Investment
1 years $-11,555
3 years $-9,746
5 years $-7,937
7 years $-6,128
9 years $-4,319
11 years $-2,511
13 years $-702
15 years $1,107
17 years $2,916
19 years $4,725
21 years $6,534
23 years $8,343
25 years $10,152

Top Solar Installers in Cary

Installing solar panels yourself can be a challenging project, which is why using a solar installation company is a good option for many homeowners. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.

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

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Cary

Factors that Affect Solar Panel Costs in Cary

For many Cary homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Cary, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

System size is one of the largest factors that influences the overall cost of installing solar panels. That's why it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, 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 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

Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Cary homeowners opt to finance their solar panel systems to offset upfront costs. Although solar loans make going solar more accessible for Cary homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

Lastly, the company you hire to install your solar system can affect your pricing. Cary's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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 $8,875 14.3 years
8 kW $2.78 $15,594 $12,138 14.1 years
10 kW $2.73 $19,110 $15,555 13.8 years
12 kW $2.68 $22,473 $19,125 13.5 years
14 kW $2.62 $25,684 $22,848 13.2 years
16 kW $2.57 $28,741 $26,723 13.0 years
18 kW $2.51 $31,646 $30,751 12.7 years
20 kW $2.46 $34,398 $34,933 12.4 years

How to Save on Solar Panels

There are numerous companies available in Cary, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
  • Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
  • Solar Panel Brands: Different companies offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
  • Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Cary, IL Solar Cost FAQs

What is the average cost of installing solar panels in Cary?

The average cost of solar panels in Cary 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Cary?

Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Is it worth going solar in Cary?

Solar panels can be a great investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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 install between 20 and 35 panels to account for 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.

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