Solar Panel Cost Guide in Paris, IL (Mar 2023)
- Paris Solar Installation Cost: $12,039
- 25-Year Savings: $7,791
- Payback Period: 15.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Paris
Let's take a look at the average cost of solar panels in Paris.
The national average cost of solar panels is $2.66 per watt, but in Paris it's 2.73 per watt. Since a 6.3-kW system is needed to cover the energy consumption of a typical home in Paris, the average price of going solar will be about $12,039 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more. With typical savings of about $12,000 on power bills over 20 years, many homeowners in Paris find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Paris for a quote for your home.
Solar savings over time in Paris
| Year | Return on Investment |
|---|---|
| 1 years | $-11,246 |
| 3 years | $-9,660 |
| 5 years | $-8,073 |
| 7 years | $-6,487 |
| 9 years | $-4,900 |
| 11 years | $-3,314 |
| 13 years | $-1,728 |
| 15 years | $-141 |
| 17 years | $1,445 |
| 19 years | $3,032 |
| 21 years | $4,618 |
| 23 years | $6,205 |
| 25 years | $7,791 |
Top Solar Installers in Paris
When making the switch to solar, many homeowners prefer to go with a solar installer since putting up solar panels yourself can be a difficult project. The expertise that solar installers provide can be invaluable as well, particularly if you don't quite know what kind of solar equipment you need.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Paris
Factors that Affect Solar Panel Costs in Paris
Though the average cost of a solar system in Paris is $12,039, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The type 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. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Paris average.
Solar Financing Terms
Many homeowners find the average cost of solar in Paris to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence how much it costs. Paris' solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger 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 | $2.84 | $11,925 | $6,970 | 15.8 years |
| 8 kW | $2.78 | $15,594 | $9,599 | 15.5 years |
| 10 kW | $2.73 | $19,110 | $12,381 | 15.2 years |
| 12 kW | $2.68 | $22,473 | $15,316 | 14.9 years |
| 14 kW | $2.62 | $25,684 | $18,404 | 14.6 years |
| 16 kW | $2.57 | $28,741 | $21,645 | 14.3 years |
| 18 kW | $2.51 | $31,646 | $25,038 | 14.0 years |
| 20 kW | $2.46 | $34,398 | $28,585 | 13.7 years |
How to Save on Solar Panels
The solar company you opt for 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 some important things you should take into account, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
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 Paris, IL Solar Cost FAQs
How much does it cost to install solar panels in Paris?
The average cost of solar panels in Paris 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 kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Paris?
You can't get solar panels for free in Paris. 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 Paris is currently $87,000, which means you can expect a value of about $3,567 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Paris is a fruitful investment.
How often do you have to replace solar panels?
Even 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 the amount of energy they produce will have decreased significantly after that point. You can decide to 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.