Solar Panel Cost Guide in Harvard, IL (Feb 2023)
- Harvard Solar Installation Cost: $12,460
- 25-Year Savings: $10,152
- Payback Period: 13.8 Years
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Top Solar Installers in Harvard
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar company can make swapping over to solar power much easier. The expertise that solar companies offer can be invaluable as well, especially if you don't quite know what brand of solar equipment would be right for your home.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Harvard
Factors that Affect Solar Panel Costs in Harvard
The cost of installing a solar system in Harvard can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,730. The kind of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to think about 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's in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your all-in costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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||$8,875||14.3 years|
|8 kW||$2.78||$15,594||$12,138||14.1 years|
|10 kW||$2.73||$19,110||$15,555||13.8 years|
|12 kW||$2.68||$22,473||$19,125||13.5 years|
|14 kW||$2.62||$25,684||$22,848||13.2 years|
|16 kW||$2.57||$28,741||$26,723||13.0 years|
|18 kW||$2.51||$31,646||$30,751||12.7 years|
|20 kW||$2.46||$34,398||$34,933||12.4 years|
How to Save on Solar Panels
There are a lot of companies available in Harvard, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: The model of solar panel you want plays a part in which company you should opt for, since different companies offer different panels.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
EcoWatch's Harvard, 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.