Solar Panel Cost Guide in Peru, IL (2025 Update)
- Peru Solar Installation Cost: $16,938
- 25-Year Savings: $12,128
- Payback Period: 17.3 Years
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Average Cost of Solar Panels in Peru
Let’s have a look at the average cost of solar in Peru.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Peru, the typical cost of solar panels is 4 per watt.Using this figure, a typical 6.4-kW system would cost about $16,938 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will most likely vary based on the amount of energy your home requires and what company you go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on utility bills.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Peru
| Year | Return on Investment |
|---|---|
| 1 years | $-15,986 |
| 3 years | $-14,081 |
| 5 years | $-12,176 |
| 7 years | $-10,271 |
| 9 years | $-8,366 |
| 11 years | $-6,461 |
| 13 years | $-4,556 |
| 15 years | $-2,651 |
| 17 years | $-746 |
| 19 years | $1,159 |
| 21 years | $3,064 |
| 23 years | $4,969 |
| 25 years | $6,874 |
Top Solar Installers in Peru
Trying to install solar panels yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar, opting for a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Peru
Factors that Affect Solar Panel Costs in Peru
For many Peru homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Peru, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,760. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Peru, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Peru offer solar loans, which reduce the initial cost of installing solar.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Peru, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $3.91 | $16,424 | $6,350 | 18.0 years |
| 8 kW | $3.84 | $21,477 | $8,887 | 17.7 years |
| 10 kW | $3.76 | $26,320 | $11,636 | 17.3 years |
| 12 kW | $3.68 | $30,952 | $14,595 | 17.0 years |
| 14 kW | $3.61 | $35,374 | $17,764 | 16.6 years |
| 16 kW | $3.53 | $39,585 | $21,144 | 16.3 years |
| 18 kW | $3.46 | $43,586 | $24,734 | 15.9 years |
| 20 kW | $3.38 | $47,376 | $28,535 | 15.6 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 models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- 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.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: Different companies have different brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
EcoWatch's Peru, IL Solar Cost FAQs
How much does it cost to install solar panels in Peru?
This is a difficult question to answer precisely, because the cost depends on a few different 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 extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Peru?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
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 uses 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 household 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.