Solar Panel Cost Guide in Fondulac, IL (2023 Update)
- Fondulac Solar Installation Cost: $12,154
- 25-Year Savings: $7,676
- Payback Period: 15.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fondulac
Find out what the average cost of solar panel installation is in Fondulac.
The national average cost of solar panels is $2.66 per watt, but in Fondulac it's 2.73 per watt. Since a 6.4-kW system is needed to cover the energy usage of a typical home in Fondulac, the average price of going solar will be about $12,154 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Fondulac homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $12,000 over 20 years on electricity bills.
To receive a free estimate from a top solar company in Fondulac, you can click the button below.
Solar savings over time in Fondulac
| Year | Return on Investment |
|---|---|
| 1 years | $-11,361 |
| 3 years | $-9,774 |
| 5 years | $-8,188 |
| 7 years | $-6,601 |
| 9 years | $-5,015 |
| 11 years | $-3,429 |
| 13 years | $-1,842 |
| 15 years | $-256 |
| 17 years | $1,331 |
| 19 years | $2,917 |
| 21 years | $4,503 |
| 23 years | $6,090 |
| 25 years | $7,676 |
Top Solar Installers in Fondulac
Installing solar panels on your own can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Another great thing about using a top solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Fondulac:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Fondulac
Factors that Affect Solar Panel Costs in Fondulac
There are several criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The model of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Fondulac provide solar loans, which reduce your upfront costs of installing solar panels. Even though solar loans make going solar more accessible for Fondulac homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can impact your pricing. Fondulac's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 | $2.84 | $11,925 | $6,772 | 15.9 years |
| 8 kW | $2.78 | $15,594 | $9,336 | 15.6 years |
| 10 kW | $2.73 | $19,110 | $12,052 | 15.3 years |
| 12 kW | $2.68 | $22,473 | $14,921 | 15.0 years |
| 14 kW | $2.62 | $25,684 | $17,943 | 14.7 years |
| 16 kW | $2.57 | $28,741 | $21,117 | 14.4 years |
| 18 kW | $2.51 | $31,646 | $24,445 | 14.1 years |
| 20 kW | $2.46 | $34,398 | $27,925 | 13.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company 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:
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Fondulac, IL Solar Cost FAQs
How much does it cost to install solar panels in Fondulac?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Fondulac?
Solar panels aren't free in Fondulac, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can you sell solar power back to the grid in Fondulac?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.