Solar Panel Cost Guide in Kildeer, IL (Jan 2023)
- Kildeer Solar Installation Cost: $12,078
- 25-Year Savings: $10,534
- Payback Period: 13.4 Years
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Top Solar Installers in Kildeer
Although it's possible to install solar panels on your own, it involves extra labor and handiness. That's one of the reasons most homeowners choose to go with a solar panel installer. Plus, if you're unsure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar installer in Kildeer, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Kildeer
Factors that Affect Solar Panel Costs in Kildeer
There are several factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,730. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Kildeer average.
Solar Financing Terms
Many homeowners find the average cost of solar in Kildeer to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. 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 more than the original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Kildeer, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment 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||$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
Since the model of solar panels and the installer you choose significantly affects your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Installation Process: When making the switch to solar power, it's necessary to maintain an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project completion timeline.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
EcoWatch's Kildeer, 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.