Solar Panel Cost Guide in Roselle, IL (Feb 2023)
- Roselle Solar Installation Cost: $12,345
- 25-Year Savings: $10,267
- Payback Period: 13.7 Years
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Top Solar Installers in Roselle
When making the switch to solar, many homeowners decide to hire a solar installation company since handling can be a challenging project. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
If you'd like to start using solar energy but still aren't sure which solar company to go with, here are our recommendations for providers nearby:
See all of the solar companies in Roselle
Factors that Affect Solar Panel Costs in Roselle
While the average cost of a solar system in Roselle is $12,345, your actual cost may be above or below the average. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,730. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Roselle, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of 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
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Roselle, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Roselle is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services at different price points. Additionally, some companies in Roselle are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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||$9,074||14.2 years|
|8 kW||$2.78||$15,594||$12,404||13.9 years|
|10 kW||$2.73||$19,110||$15,887||13.7 years|
|12 kW||$2.68||$22,473||$19,523||13.4 years|
|14 kW||$2.62||$25,684||$23,312||13.1 years|
|16 kW||$2.57||$28,741||$27,254||12.8 years|
|18 kW||$2.51||$31,646||$31,349||12.6 years|
|20 kW||$2.46||$34,398||$35,596||12.3 years|
How to Save on Solar Panels
There are many companies to choose from in Roselle, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Different companies offer various brands and models of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
EcoWatch's Roselle, 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.