Solar Panel Cost Guide in Oswego, IL (Feb 2023)

  • Oswego Solar Installation Cost: $12,383
  • 25-Year Savings: $10,500
  • Payback Period: 13.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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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 Oswego

Find out what the average cost of installing solar panels is in Oswego.

In Oswego, solar panels cost about $3 per watt on average. The average solar panel system size in Oswego is around 6.5 kilowatts, meaning a cost of about $12,383 for a solar installation, or $9,163 after the 30% federal solar tax credit is applied.

The actual price you pay can go higher or lower than the average in Oswego based on several factors, such as the model of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar panels is worth paying. On average Oswego homeowners see about $13,000 in savings on electricity bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in Oswego that can help you get a more accurate cost estimate for your home.

Solar savings over time in Oswego

Year Return on Investment
1 years $-11,468
3 years $-9,637
5 years $-7,807
7 years $-5,976
9 years $-4,145
11 years $-2,315
13 years $-484
15 years $1,347
17 years $3,177
19 years $5,008
21 years $6,838
23 years $8,669
25 years $10,500

Top Solar Installers in Oswego

Although you can install solar panels yourself, it involves extra energy and knowledge. That's why most homeowners choose a solar panel installer. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for your home.

Working with a vetted solar installer can make going solar easier. Here are our recommendations:

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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Oswego

Factors that Affect Solar Panel Costs in Oswego

There are a number of factors that can influence 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.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Oswego average.

Solar Financing Terms

If paying for a solar system in cash is out of reach, solar loans are an affordable option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Oswego, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 $9,263 14.1 years
8 kW $2.78 $15,594 $12,656 13.8 years
10 kW $2.73 $19,110 $16,202 13.5 years
12 kW $2.68 $22,473 $19,901 13.3 years
14 kW $2.62 $25,684 $23,753 13.0 years
16 kW $2.57 $28,741 $27,758 12.7 years
18 kW $2.51 $31,646 $31,916 12.4 years
20 kW $2.46 $34,398 $36,226 12.2 years

How to Save on Solar Panels

The solar panel company you choose 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 have access to. When choosing a solar company, there are several important things you should consider, such as:

  • Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
  • Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
  • Solar Panel Brands: Different companies will offer various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.

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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Oswego, IL Solar Cost FAQs

How much does it cost to install solar panels in Oswego?

The average cost of solar panels in Oswego is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.

Are solar panels free in Oswego?

Solar panels aren't free in Oswego, 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 you can take advantage of.

Do solar panels increase the value of your home?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Oswego is currently $245,972, which means you could be looking at a value of about $10,085 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Oswego is a fruitful investment.

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.

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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