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Top Solar Installers in Elk Grove Village
Many homeowners choose to hire a solar panel installer since figuring out how to install solar panels on your own can be a labor-intensive endeavor. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
See all of the solar companies in Elk Grove Village
Factors that Affect Solar Panel Costs in Elk Grove Village
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Elk Grove Village: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size. Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,730. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Elk Grove Village average.
Solar Financing Terms
Many homeowners find the average cost of solar in Elk Grove Village to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies in Elk Grove Village, and each can charge varying amounts for labor and equipment. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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||$9,074||14.2 years|
|8 kW||$2.78||$15,594||$12,404||13.9 years|
|10 kW||$2.73||$19,110||$15,887||13.7 years|
|12 kW||$2.68||$22,473||$19,523||13.4 years|
|14 kW||$2.62||$25,684||$23,312||13.1 years|
|16 kW||$2.57||$28,741||$27,254||12.8 years|
|18 kW||$2.51||$31,646||$31,349||12.6 years|
|20 kW||$2.46||$34,398||$35,596||12.3 years|
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
EcoWatch's Elk Grove Village, 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.