Solar Panel Cost Guide in Lisle, IL (Mar 2023)
- Lisle Solar Installation Cost: $12,479
- 25-Year Savings: $10,994
- Payback Period: 13.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lisle
We break down average solar pricing in Lisle.
In Lisle, solar panels cost about 2.73 per watt on average. Since a 6.5-kW system is needed to cover the energy needs of a typical home in Lisle, the average price of going solar will be about $12,479 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy consumption and what installation company you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Lisle can save about $14,000 on their power bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lisle
| Year | Return on Investment |
|---|---|
| 1 years | $-11,540 |
| 3 years | $-9,662 |
| 5 years | $-7,784 |
| 7 years | $-5,907 |
| 9 years | $-4,029 |
| 11 years | $-2,151 |
| 13 years | $-273 |
| 15 years | $1,605 |
| 17 years | $3,482 |
| 19 years | $5,360 |
| 21 years | $7,238 |
| 23 years | $9,116 |
| 25 years | $10,994 |
Top Solar Installers in Lisle
Although it's possible to install solar panels on your own, it requires extra effort and handiness. That's why the majority of homeowners choose to go with a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for your home.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Lisle
Factors that Affect Solar Panel Costs in Lisle
Although the average cost of a solar system in Lisle is $12,479, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar 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. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Lisle, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can play a part in determining how much it costs. Lisle's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $9,631 | 13.8 years |
| 8 kW | $2.78 | $15,594 | $13,147 | 13.6 years |
| 10 kW | $2.73 | $19,110 | $16,816 | 13.3 years |
| 12 kW | $2.68 | $22,473 | $20,638 | 13.0 years |
| 14 kW | $2.62 | $25,684 | $24,612 | 12.8 years |
| 16 kW | $2.57 | $28,741 | $28,740 | 12.5 years |
| 18 kW | $2.51 | $31,646 | $33,020 | 12.2 years |
| 20 kW | $2.46 | $34,398 | $37,454 | 12.0 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Lisle, IL Solar Cost FAQs
What is the average cost of installing solar panels in Lisle?
The average cost of solar panels in Lisle is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $718.52 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 install 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.