Solar Panel Cost Guide in Oregon-Nashua, IL (2024 Update)
- Oregon-Nashua Solar Installation Cost: $17,094
- 25-Year Savings: $10,200
- Payback Period: 18.9 Years
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Average Cost of Solar Panels in Oregon-Nashua
Let’s take a look at the average cost of solar panels in Oregon-Nashua.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Oregon-Nashua, the average cost of solar panels is 4 per watt.Because a 6.5-kW system is needed to cover the energy needs of a typical home in Oregon-Nashua, the average price of going solar will be about $17,094 after claiming the federal solar tax credit of 0.
These figures are just estimates, and your own solar costs may look different based on the amount of energy your home requires and what company you go with.Despite the significant initial cost, the average Oregon-Nashua homeowner can save about $13,000 on their energy bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a top solar company in Oregon-Nashua for a quote for your home.
Solar savings over time in Oregon-Nashua
| Year | Return on Investment |
|---|---|
| 1 years | $-15,938 |
| 3 years | $-13,626 |
| 5 years | $-11,313 |
| 7 years | $-9,001 |
| 9 years | $-6,689 |
| 11 years | $-4,376 |
| 13 years | $-2,064 |
| 15 years | $248 |
| 17 years | $2,561 |
| 19 years | $4,873 |
| 21 years | $7,186 |
| 23 years | $9,498 |
| 25 years | $11,810 |
Top Solar Installers in Oregon-Nashua
When switching to solar energy, many homeowners choose to go with a solar installer since putting up a solar system yourself can be a challenging project. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Oregon-Nashua
Factors that Affect Solar Panel Costs in Oregon-Nashua
Though the average cost of a solar system in Oregon-Nashua is $17,094, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,760.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Oregon-Nashua, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.While solar loans make going solar more accessible for Oregon-Nashua homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can affect the cost. Oregon-Nashua’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 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 | $3.91 | $16,424 | $4,465 | 19.7 years |
| 8 kW | $3.84 | $21,477 | $6,375 | 19.3 years |
| 10 kW | $3.76 | $26,320 | $8,495 | 18.9 years |
| 12 kW | $3.68 | $30,952 | $10,826 | 18.5 years |
| 14 kW | $3.61 | $35,374 | $13,367 | 18.1 years |
| 16 kW | $3.53 | $39,585 | $16,119 | 17.8 years |
| 18 kW | $3.46 | $43,586 | $19,081 | 17.4 years |
| 20 kW | $3.38 | $47,376 | $22,254 | 17.0 years |
How to Save on Solar Panels
The solar panel company you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Oregon-Nashua, IL Solar Cost FAQs
What is the average cost of installing solar panels in Oregon-Nashua?
The average cost of solar panels in Oregon-Nashua 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Oregon-Nashua?
Solar panels aren’t free in Oregon-Nashua, 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 help lower the cost.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Oregon-Nashua, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.