Solar Panel Cost Guide in Dwight, IL (2024 Update)
- Dwight Solar Installation Cost: $16,775
- 25-Year Savings: $10,432
- Payback Period: 18.5 Years
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Average Cost of Solar Panels in Dwight
Find out what the average cost of a solar system is in Dwight.
While the national average of solar panels is $2.66 per watt, solar panels in Dwight generally cost about 4.The average Dwight homeowner needs a 6.4-kilowatt system, which would cost about $16,775 with the federal tax credit, or $23,988 before the 0 tax credit is applied.
These figures are just estimates, and your own solar costs will most likely look different based on your energy needs and what company you want to go with.For most homeowners, the upfront cost of solar is worth paying. On average Dwight homeowners see about $13,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar company in Dwight that can help you get a more accurate cost estimate for your home.
Solar savings over time in Dwight
| Year | Return on Investment |
|---|---|
| 1 years | $-15,619 |
| 3 years | $-13,307 |
| 5 years | $-10,994 |
| 7 years | $-8,682 |
| 9 years | $-6,370 |
| 11 years | $-4,057 |
| 13 years | $-1,745 |
| 15 years | $567 |
| 17 years | $2,880 |
| 19 years | $5,192 |
| 21 years | $7,505 |
| 23 years | $9,817 |
| 25 years | $12,129 |
Top Solar Installers in Dwight
Although it's possible to install solar panels on your own, it involves extra energy and expertise. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're searching for a solar installer in Dwight, we've put together a list of our top suggestions here:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Dwight
Factors that Affect Solar Panel Costs in Dwight
There are several criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,760. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Dwight, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.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 original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and go with the company that has the products, warranties and services you want and also fit into your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.91 | $16,424 | $4,863 | 19.3 years |
| 8 kW | $3.84 | $21,477 | $6,905 | 18.9 years |
| 10 kW | $3.76 | $26,320 | $9,157 | 18.5 years |
| 12 kW | $3.68 | $30,952 | $11,620 | 18.2 years |
| 14 kW | $3.61 | $35,374 | $14,294 | 17.8 years |
| 16 kW | $3.53 | $39,585 | $17,178 | 17.4 years |
| 18 kW | $3.46 | $43,586 | $20,273 | 17.1 years |
| 20 kW | $3.38 | $47,376 | $23,578 | 16.7 years |
How to Save on Solar Panels
The solar company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The type of solar panel you need to get plays a role in which company you should choose, since different companies have access to different panels.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Dwight, IL Solar Cost FAQs
How much does it cost to install solar panels in Dwight?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Dwight?
A solar panel system isn’t free in Dwight, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does Dwight have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage 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 buy between 20 and 35 panels to cover 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.