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Top Solar Installers in Champaign
When switching to solar energy, many homeowners decide to go with a solar installer since putting up a solar system yourself can be a challenging project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
See all of the solar companies in Champaign
Factors that Affect Solar Panel Costs in Champaign
Although the average cost of solar panels in Champaign is $12,058, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment Size
The size of the solar panel system you need is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,730. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Champaign average.
Solar Financing Terms
Many homeowners find the average cost of solar in Champaign to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time due to interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Champaign are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$2.84||$11,925||$9,143||14.2 years|
|8 kW||$2.78||$15,594||$12,497||13.9 years|
|10 kW||$2.73||$19,110||$16,003||13.6 years|
|12 kW||$2.68||$22,473||$19,662||13.3 years|
|14 kW||$2.62||$25,684||$23,474||13.1 years|
|16 kW||$2.57||$28,741||$27,439||12.8 years|
|18 kW||$2.51||$31,646||$31,557||12.5 years|
|20 kW||$2.46||$34,398||$35,828||12.2 years|
Solar Incentives in Champaign
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Warranty: If you're worried about the longevity of your solar panels, verifying your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
EcoWatch's Champaign, IL Solar Cost FAQs
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.