Solar Panel Cost Guide in Poplar Grove, IL (2025 Update)
- Poplar Grove Solar Installation Cost: $17,201
- 25-Year Savings: $12,123
- Payback Period: 17.5 Years
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Average Cost of Solar Panels in Poplar Grove
Find out what the average cost of a solar system is in Poplar Grove.
In Poplar Grove, solar panels cost about 4 per watt on average.To cover the typical energy needs of the average home in Poplar Grove, most homeowners require a 6.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,201, or $24,597 before the federal solar tax credit of 0 is applied.
The true cost of your system can be higher or lower than the average in Poplar Grove depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire.But, once you've paid the upfront cost of installation, the payback for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on power bills.
To get a free estimate from a vetted solar installer in Poplar Grove, you can click the button below.
Solar savings over time in Poplar Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-16,045 |
| 3 years | $-13,733 |
| 5 years | $-11,421 |
| 7 years | $-9,108 |
| 9 years | $-6,796 |
| 11 years | $-4,484 |
| 13 years | $-2,171 |
| 15 years | $141 |
| 17 years | $2,454 |
| 19 years | $4,766 |
| 21 years | $7,078 |
| 23 years | $9,391 |
| 25 years | $11,703 |
Top Solar Installers in Poplar Grove
Although you can install solar panels yourself, it involves extra labor and knowledge. That's why almost all homeowners choose to go with a solar panel installer. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by offering warranties and repairs.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Poplar Grove:
See all of the solar companies in Poplar Grove
Factors that Affect Solar Panel Costs in Poplar Grove
There are several factors 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
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can raise 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 raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Poplar Grove are more knowledgeable about local solar incentives and can help you learn about 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 | $3.91 | $16,424 | $6,172 | 18.2 years |
| 8 kW | $3.84 | $21,477 | $8,650 | 17.8 years |
| 10 kW | $3.76 | $26,320 | $11,339 | 17.5 years |
| 12 kW | $3.68 | $30,952 | $14,239 | 17.1 years |
| 14 kW | $3.61 | $35,374 | $17,349 | 16.8 years |
| 16 kW | $3.53 | $39,585 | $20,669 | 16.4 years |
| 18 kW | $3.46 | $43,586 | $24,200 | 16.1 years |
| 20 kW | $3.38 | $47,376 | $27,942 | 15.7 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 some important things you should keep in mind, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- 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 unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
EcoWatch's Poplar Grove, IL Solar Cost FAQs
How much does it cost to install solar panels in Poplar Grove?
The average cost of solar panels in Poplar Grove is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost 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 areas 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.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.