Solar Panel Cost Guide in Grover, IL (2023 Update)
- Grover Solar Installation Cost: $11,753
- 25-Year Savings: $13,644
- Payback Period: 11.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Grover
We break down average solar pricing in Grover.
While the national average of solar panels is $2.66 per watt, solar panels in Grover generally cost about 2.73. To cover the typical energy usage of the average home in Grover, most homeowners require a 6.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,753, or $16,807 before the federal solar tax credit of 30% is applied.
How much you pay can go above or below the average in Grover based on a few factors, such as the type of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $16,000 over 20 years on energy bills.
You can click the button below to get connected with a pre-vetted solar installer in Grover that can help you get a more accurate cost estimate for your home.
Solar savings over time in Grover
| Year | Return on Investment |
|---|---|
| 1 years | $-10,737 |
| 3 years | $-8,705 |
| 5 years | $-6,673 |
| 7 years | $-4,642 |
| 9 years | $-2,610 |
| 11 years | $-578 |
| 13 years | $1,454 |
| 15 years | $3,485 |
| 17 years | $5,517 |
| 19 years | $7,549 |
| 21 years | $9,581 |
| 23 years | $11,612 |
| 25 years | $13,644 |
Top Solar Installers in Grover
When switching to solar energy, many homeowners opt to use a solar installation company since overseeing your solar installation yourself can be a difficult project. The expertise that solar companies offer can be invaluable as well, especially if you don't quite know what kind of solar equipment would be right for your home.
If you're looking for a solar installer in Grover, the EcoWatch team has compiled a list of our top suggestions here:
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 Grover
Factors that Affect Solar Panel Costs in Grover
While the average cost of a solar system in Grover is $11,753, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,730. The brand and type of equipment you get for your solar system can increase or decrease 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 a small roof or just want maximum energy production, you will be looking at 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 a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Grover, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Grover, 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 come with an above-average 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 | $12,868 | 12.0 years |
| 8 kW | $2.78 | $15,594 | $17,463 | 11.8 years |
| 10 kW | $2.73 | $19,110 | $22,210 | 11.6 years |
| 12 kW | $2.68 | $22,473 | $27,111 | 11.3 years |
| 14 kW | $2.62 | $25,684 | $32,165 | 11.1 years |
| 16 kW | $2.57 | $28,741 | $37,371 | 10.9 years |
| 18 kW | $2.51 | $31,646 | $42,731 | 10.6 years |
| 20 kW | $2.46 | $34,398 | $48,243 | 10.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: If you care about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Grover, IL Solar Cost FAQs
What is the average cost of installing solar panels in Grover?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra 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 less efficient solar panels.
Is cost the most important consideration 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Grover?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.