Solar Panel Cost Guide in Highland Park, IL (2023 Update)

  • Highland Park Solar Installation Cost: $12,084
  • 25-Year Savings: $10,528
  • Payback Period: 13.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Highland Park

We break down average solar pricing in Highland Park.

The average cost of a solar system in Highland Park is 2.73 per watt. Since a 6.3-kW system is needed to cover the energy consumption of a typical home in Highland Park, the average price of going solar will be about $12,078 after claiming the federal solar tax credit of 30%.

Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar system you choose, your solar contractor and more. With typical savings of about $14,000 on electricity bills over 20 years, many homeowners in Highland Park find installing solar panels can be quite rewarding.

You can click the button below to get connected with a pre-vetted solar installer in Highland Park that can help you get a more accurate cost estimate for your home.

Solar savings over time in Highland Park

Year Return on Investment
1 years $-12,008
3 years $-11,858
5 years $-11,707
7 years $-11,556
9 years $-11,405
11 years $-11,255
13 years $-11,104
15 years $-10,953
17 years $-10,802
19 years $-10,652
21 years $-10,501
23 years $-10,350
25 years $-10,199

Top Solar Installers in Highland Park

Putting up solar panels yourself can be a dangerous task, which is why using a solar installation company is a good option for many homeowners. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.

If you'd like to start using solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers near you:

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 Warranty Coverage

ADT Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Highland Park

Factors that Affect Solar Panel Costs in Highland Park

There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment

The size of the solar panel 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 around $2,730. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Most solar installers in Highland Park provide solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also adds to your all-in costs, so it's vital to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

Finally, the company you get to install your solar panels can influence how much you pay. Highland Park's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Highland Park know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.

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 $9,531 13.9 years
8 kW $2.78 $15,594 $13,014 13.6 years
10 kW $2.73 $19,110 $16,649 13.4 years
12 kW $2.68 $22,473 $20,438 13.1 years
14 kW $2.62 $25,684 $24,379 12.8 years
16 kW $2.57 $28,741 $28,473 12.6 years
18 kW $2.51 $31,646 $32,721 12.3 years
20 kW $2.46 $34,398 $37,121 12.0 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Contract: Before you sign a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
  • Solar Panel Brands: The brand of solar panel you need to get plays a role in which company you should go with, since different companies have access to different panels.
  • Installation Process: When making the switch to solar, it's crucial to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time 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 Warranty Coverage

ADT Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Highland Park, IL Solar Cost FAQs

What is the average cost of installing solar panels in Highland Park?

The average cost of solar panels in Highland Park 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Highland Park?

You can't get solar panels for free in Highland Park. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Is making the switch to solar worth it?

Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.

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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