Solar Panel Cost Guide in Indian Grove, IL (2025 Update)
- Indian Grove Solar Installation Cost: $16,775
- 25-Year Savings: $13,370
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Indian Grove
Find out what the average cost of a solar system is in Indian Grove.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Indian Grove, the average cost of a solar system is 4 per watt.The average Indian Grove homeowner needs a 6.4-kilowatt system, which would cost about $16,775 with the federal tax credit, or $23,988 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.With typical savings of about $15,000 on utility bills over 20 years, many homeowners in Indian Grove find investing in solar has a decent ROI.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Indian Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-15,619 |
| 3 years | $-13,307 |
| 5 years | $-10,994 |
| 7 years | $-8,682 |
| 9 years | $-6,370 |
| 11 years | $-4,057 |
| 13 years | $-1,745 |
| 15 years | $567 |
| 17 years | $2,880 |
| 19 years | $5,192 |
| 21 years | $7,505 |
| 23 years | $9,817 |
| 25 years | $12,129 |
Top Solar Installers in Indian Grove
Although it's possible to install solar panels by yourself, it takes extra effort and expertise. For that reason, most people choose a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Indian Grove
Factors that Affect Solar Panel Costs in Indian Grove
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Indian Grove: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of solar panels in Indian Grove, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $3,760 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose 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
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Indian Grove, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.While solar loans make going solar more accessible for Indian Grove homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Indian Grove, you’ll have many options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $7,628 | 17.1 years |
| 8 kW | $3.84 | $21,477 | $10,592 | 16.7 years |
| 10 kW | $3.76 | $26,320 | $13,767 | 16.4 years |
| 12 kW | $3.68 | $30,952 | $17,152 | 16.1 years |
| 14 kW | $3.61 | $35,374 | $20,747 | 15.8 years |
| 16 kW | $3.53 | $39,585 | $24,554 | 15.4 years |
| 18 kW | $3.46 | $43,586 | $28,570 | 15.1 years |
| 20 kW | $3.38 | $47,376 | $32,798 | 14.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Contract: When reading over your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
EcoWatch's Indian Grove, IL Solar Cost FAQs
How much does it cost to install solar panels in Indian Grove?
The average cost of solar panels in Indian 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How will solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Indian Grove is currently $123,925, so you can expect a value of about $5,081 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Indian Grove is a rewarding investment.
How long do solar panels last in Indian Grove?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose 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.