Solar Panel Cost Guide in Gilberts, IL (Mar 2023)
- Gilberts Solar Installation Cost: $12,479
- 25-Year Savings: $10,133
- Payback Period: 13.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gilberts
See how much it might cost to go solar in Gilberts.
The average cost of solar panels in Gilberts is 2.73 per watt. Since a 6.5-kW system is needed to cover the energy costs of a typical home in Gilberts, the average price of going solar will be about $12,479 after claiming the federal solar tax credit of 30%.
How much you pay can go above or below the average in Gilberts depending on a few factors, such as the model of solar panels you choose and the solar company you hire. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Gilberts can save around $13,000 on their energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Gilberts
| Year | Return on Investment |
|---|---|
| 1 years | $-11,574 |
| 3 years | $-9,765 |
| 5 years | $-7,956 |
| 7 years | $-6,148 |
| 9 years | $-4,339 |
| 11 years | $-2,530 |
| 13 years | $-721 |
| 15 years | $1,088 |
| 17 years | $2,897 |
| 19 years | $4,706 |
| 21 years | $6,515 |
| 23 years | $8,324 |
| 25 years | $10,133 |
Top Solar Installers in Gilberts
Although you can install solar panels on your own, it involves extra energy and handiness. For that reason, most homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers in Gilberts:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Gilberts
Factors that Affect Solar Panel Costs in Gilberts
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better 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 $2,730. There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Gilberts homeowners decide to finance their solar panel systems to make going solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Gilberts, and each can charge varying amounts for labor and 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 cost more. It's best to do some research and decide on the company that provides the products, warranties and services you want and also is within 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 | $8,851 | 14.3 years |
| 8 kW | $2.78 | $15,594 | $12,107 | 14.1 years |
| 10 kW | $2.73 | $19,110 | $15,516 | 13.8 years |
| 12 kW | $2.68 | $22,473 | $19,077 | 13.5 years |
| 14 kW | $2.62 | $25,684 | $22,792 | 13.2 years |
| 16 kW | $2.57 | $28,741 | $26,660 | 13.0 years |
| 18 kW | $2.51 | $31,646 | $30,680 | 12.7 years |
| 20 kW | $2.46 | $34,398 | $34,853 | 12.4 years |
How to Save on Solar Panels
There are a large number of companies available in Gilberts, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Gilberts, IL Solar Cost FAQs
How much does it cost to install solar panels in Gilberts?
The average cost of solar panels in Gilberts is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Gilberts is currently $259,418, so you can expect a value of about $10,636 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Gilberts is a fruitful investment.
How long do solar panels last in Gilberts?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.