Solar Panel Cost Guide in Deer Park, IL (Jan 2023)
- Deer Park Solar Installation Cost: $12,154
- 25-Year Savings: $10,458
- Payback Period: 13.4 Years
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Top Solar Installers in Deer Park
Although it's possible to install solar panels yourself, it takes extra labor and knowledge. That's one of the reasons most people choose to go with a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
If you're searching for a solar company in Deer Park, we've compiled a list of our top suggestions here:
See all of the solar companies in Deer Park
Factors that Affect Solar Panel Costs in Deer Park
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Deer Park: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,730. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Deer Park provide solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can impact how much it costs. Deer Park's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Deer Park know more about local solar incentives and can help you take advantage 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 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||$9,419||14.0 years|
|8 kW||$2.78||$15,594||$12,864||13.7 years|
|10 kW||$2.73||$19,110||$16,463||13.4 years|
|12 kW||$2.68||$22,473||$20,214||13.2 years|
|14 kW||$2.62||$25,684||$24,118||12.9 years|
|16 kW||$2.57||$28,741||$28,175||12.6 years|
|18 kW||$2.51||$31,646||$32,384||12.4 years|
|20 kW||$2.46||$34,398||$36,747||12.1 years|
How to Save on Solar Panels
There are a large number of companies available in Deer Park, 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:
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Solar Panel Brands: The kind of solar panel you'd like to install plays a role in which installer you should choose, since different companies provide different panels.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
EcoWatch's Deer Park, 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.