Why you can trust EcoWatch
Top Solar Installers in Peoria City
Many homeowners opt for a solar installer since trying to put up solar panels by yourself can be a labor-intensive endeavor. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you'd like to make the switch to solar but still aren't sure which solar system installer to go with, here are our recommendations for providers in Peoria City:
See all of the solar companies in Peoria City
Factors that Affect Solar Panel Costs in Peoria City
There are several criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment Size
Size is one of the largest factors that determines the overall cost of going solar. Because of that, it's important 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 bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Peoria City average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. Even though solar loans make adopting solar energy more accessible for Peoria City 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 solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Peoria City, and each can charge different amounts for labor and equipment. Additionally, some companies in Peoria City have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$6,718||16.0 years|
|8 kW||$2.78||$15,594||$9,263||15.7 years|
|10 kW||$2.73||$19,110||$11,961||15.4 years|
|12 kW||$2.68||$22,473||$14,811||15.1 years|
|14 kW||$2.62||$25,684||$17,815||14.8 years|
|16 kW||$2.57||$28,741||$20,972||14.5 years|
|18 kW||$2.51||$31,646||$24,281||14.1 years|
|20 kW||$2.46||$34,398||$27,743||13.8 years|
Solar Incentives in Peoria City
How to Save on Solar Panels
The solar company you go with will influence 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:
- Solar Panel Brands: The kind of solar panel you'd like to get plays a role in which installer you should go with, since different companies provide different panels.
- Contract: Before you sign a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
EcoWatch's Peoria City, IL Solar Cost FAQs
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.