Solar Panel Cost Guide in Oglesby, IL (2024 Update)

  • Oglesby Solar Installation Cost: $16,938
  • 25-Year Savings: $11,725
  • Payback Period: 17.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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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 Oglesby

See how much it might cost to switch to solar power in Oglesby.

The average cost of a solar system in Oglesby is 4 per watt.The average solar panel system size in Oglesby is around 6.4 kilowatts, meaning a cost of about $16,938 for a solar installation, or $24,221 before the 0 federal solar tax credit is applied.

These figures are just estimates, and your own solar costs will most likely differ based on your energy needs and what company you choose to go with.Even with the large initial cost, the average Oglesby homeowner can save around $14,000 on their energy bills over 20 years, which is one of the perks of solar.

To receive a free quote from a top solar company in Oglesby, you can click the button below.

Solar savings over time in Oglesby

Year Return on Investment
1 years $-15,782
3 years $-13,469
5 years $-11,157
7 years $-8,845
9 years $-6,532
11 years $-4,220
13 years $-1,908
15 years $405
17 years $2,717
19 years $5,029
21 years $7,342
23 years $9,654
25 years $11,966

Top Solar Installers in Oglesby

When making the switch to solar, many homeowners prefer to use a solar installer since DIY solar panel installation can be a challenging project. Companies can also provide access to a large variety of the best solar panels and help you decide which one will be right for your home.

There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:

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 for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Oglesby

Factors that Affect Solar Panel Costs in Oglesby

For many Oglesby homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Oglesby, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

The size of the solar energy 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 $3,760. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Most solar installers in Oglesby have solar loans, which reduce the initial cost of installing solar.Although solar loans make adopting solar energy more accessible for Oglesby 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 make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The remaining key cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Oglesby, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.

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 $5,974 18.3 years
8 kW $3.84 $21,477 $8,386 18.0 years
10 kW $3.76 $26,320 $11,009 17.6 years
12 kW $3.68 $30,952 $13,843 17.3 years
14 kW $3.61 $35,374 $16,887 16.9 years
16 kW $3.53 $39,585 $20,141 16.6 years
18 kW $3.46 $43,586 $23,606 16.2 years
20 kW $3.38 $47,376 $27,282 15.9 years

How to Save on Solar Panels

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

  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
  • Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
  • Contract: It’s important to look over 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.

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 for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Oglesby, IL Solar Cost FAQs

What is the average cost of installing solar panels in Oglesby?

This is a difficult question to answer precisely, because the cost depends on many 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Can you get solar panels for free in Oglesby?

Solar panels aren’t free in Oglesby, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Does Oglesby have a net metering program?

The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy consumption and the amount of 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 buy 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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