Solar Panel Cost Guide in Champaign City, IL (Jan 2023)
- Champaign City Solar Installation Cost: $12,058
- 25-Year Savings: $10,106
- Payback Period: 13.6 Years
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Top Solar Installers in Champaign City
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make switching to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our suggestions for providers near you:
See all of the solar companies in Champaign City
Factors that Affect Solar Panel Costs in Champaign City
For many Champaign City homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Champaign City, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
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 energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,730 per kilowatt in Champaign City. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Champaign City, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Champaign City, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. Even though solar loans make adopting solar energy more accessible for Champaign City homeowners, they can also raise 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
The solar installer you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Champaign City are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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|
How to Save on Solar Panels
There are many companies available in Champaign City, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
EcoWatch's Champaign City, 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.