Solar Panel Cost Guide in Fox River Grove, IL (2024 Update)

  • Fox River Grove Solar Installation Cost: $16,901
  • 25-Year Savings: $10,340
  • Payback Period: 18.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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Average Cost of Solar Panels in Fox River Grove

Find out how much it might cost to make the switch to solar in Fox River Grove.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Fox River Grove, the average cost of solar panels is 4 per watt.Using this figure, a typical 6.4-kW system would cost about $16,901 before the 0 federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $13,000 over 20 years on power bills.

You can click the button below to get connected with a pre-vetted solar company in Fox River Grove for a quote for your home.

Solar savings over time in Fox River Grove

Year Return on Investment
1 years $-15,745
3 years $-13,433
5 years $-11,120
7 years $-8,808
9 years $-6,496
11 years $-4,183
13 years $-1,871
15 years $441
17 years $2,754
19 years $5,066
21 years $7,378
23 years $9,691
25 years $12,003

Top Solar Installers in Fox River Grove

Trying to put up solar panels yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. Some solar installers, particularly local ones, can help you better understand incentives in Fox River Grove, thereby optimizing your ROI.

You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Fox River Grove:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Fox River Grove

Factors that Affect Solar Panel Costs in Fox River Grove

Although the average cost of a solar system in Fox River Grove is $16,901, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,760.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Fox River Grove, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Fox River Grove homeowners opt to finance their solar panel systems to offset upfront costs.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

Finally, the company you hire to install your solar system can impact how much you pay. Fox River Grove’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 $4,704 19.4 years
8 kW $3.84 $21,477 $6,693 19.1 years
10 kW $3.76 $26,320 $8,892 18.7 years
12 kW $3.68 $30,952 $11,302 18.3 years
14 kW $3.61 $35,374 $13,923 17.9 years
16 kW $3.53 $39,585 $16,754 17.6 years
18 kW $3.46 $43,586 $19,796 17.2 years
20 kW $3.38 $47,376 $23,049 16.8 years

How to Save on Solar Panels

The solar installer you opt for 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 take into account, such as:

  • Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
  • Contract: When looking over your solar company’s contract, ask for clarification 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.
  • Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of 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.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Fox River Grove, IL Solar Cost FAQs

How much does it cost to install solar panels in Fox River Grove?

The average cost of solar panels in Fox River Grove is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Fox River Grove?

Solar panels aren’t free in Fox River Grove, 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 you can take advantage of.

Is it worth going solar in Fox River Grove?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you need to know 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 home 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.

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