Solar Panel Cost Guide in Rosewood Heights, IL (Jan 2023)
- Rosewood Heights Solar Installation Cost: $11,695
- 25-Year Savings: $8,135
- Payback Period: 14.7 Years
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Top Solar Installers in Rosewood Heights
Many homeowners decide to hire a solar panel company since figuring out how to install solar panels yourself can be time-consuming. Another good thing about using a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Rosewood Heights
Factors that Affect Solar Panel Costs in Rosewood Heights
The cost of installing a solar system in Rosewood Heights can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,730 per kilowatt in Rosewood Heights. The type of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Rosewood Heights homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Rosewood Heights, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. The company's size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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||$7,525||15.3 years|
|8 kW||$2.78||$15,594||$10,339||15.0 years|
|10 kW||$2.73||$19,110||$13,306||14.7 years|
|12 kW||$2.68||$22,473||$16,426||14.4 years|
|14 kW||$2.62||$25,684||$19,698||14.1 years|
|16 kW||$2.57||$28,741||$23,124||13.9 years|
|18 kW||$2.51||$31,646||$26,702||13.6 years|
|20 kW||$2.46||$34,398||$30,434||13.3 years|
How to Save on Solar Panels
There are many companies to choose from in Rosewood Heights, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Warranty: If you care about the durability of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Rosewood Heights, 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.