Solar Panel Cost Guide in Northville, IL (2024 Update)
- Northville Solar Installation Cost: $16,938
- 25-Year Savings: $11,127
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in Northville
Find out what the average cost of a solar system is in Northville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Northville, the typical cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in Northville, most homeowners require a 6.4-kilowatt system. Using the figure above, a solar installation costs around $16,938, or $24,221 before the federal solar tax credit of 0 is applied.
The true cost of your system can be higher or lower than the average in Northville based on several factors, such as the kind of solar panels you choose and the solar company you hire.With average savings of about $14,000 on electricity bills over 20 years, many homeowners in Northville find going solar can pay off big.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Northville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,833 |
| 3 years | $-13,622 |
| 5 years | $-11,412 |
| 7 years | $-9,201 |
| 9 years | $-6,991 |
| 11 years | $-4,780 |
| 13 years | $-2,570 |
| 15 years | $-359 |
| 17 years | $1,851 |
| 19 years | $4,062 |
| 21 years | $6,272 |
| 23 years | $8,483 |
| 25 years | $10,693 |
Top Solar Installers in Northville
Many homeowners choose to hire a solar installation company since trying to install solar panels yourself can be challenging. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Northville
Factors that Affect Solar Panel Costs in Northville
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Northville: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,760 per kilowatt in Northville.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Northville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Northville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.While solar loans make going solar more accessible for Northville homeowners, they can also add to 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 avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you choose will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $5,417 | 18.8 years |
| 8 kW | $3.84 | $21,477 | $7,643 | 18.4 years |
| 10 kW | $3.76 | $26,320 | $10,081 | 18.1 years |
| 12 kW | $3.68 | $30,952 | $12,728 | 17.7 years |
| 14 kW | $3.61 | $35,374 | $15,587 | 17.4 years |
| 16 kW | $3.53 | $39,585 | $18,656 | 17.0 years |
| 18 kW | $3.46 | $43,586 | $21,935 | 16.6 years |
| 20 kW | $3.38 | $47,376 | $25,425 | 16.3 years |
How to Save on Solar Panels
There are many companies to choose from in Northville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: If you’re concerned about the longevity of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Northville, IL Solar Cost FAQs
How much does it cost to install solar panels in Northville?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Northville?
You can’t get solar panels for free in Northville. 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.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Northville is currently $288,632, so you can expect a value of about $11,834 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Northville is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.