Solar Panel Cost Guide in Six Mile, IL (2023 Update)
- Six Mile Solar Installation Cost: $11,619
- 25-Year Savings: $10,471
- Payback Period: 13.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Six Mile
Find out what the average cost of installing solar panels is in Six Mile.
The average cost of solar panels in Six Mile is 2.73 per watt. The average Six Mile homeowner needs a 6.1-kilowatt system, which would cost about $11,619 with the federal tax credit, or $16,615 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more. But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar company in Six Mile for a custom estimate.
Solar savings over time in Six Mile
| Year | Return on Investment |
|---|---|
| 1 years | $-10,735 |
| 3 years | $-8,968 |
| 5 years | $-7,201 |
| 7 years | $-5,434 |
| 9 years | $-3,667 |
| 11 years | $-1,900 |
| 13 years | $-132 |
| 15 years | $1,635 |
| 17 years | $3,402 |
| 19 years | $5,169 |
| 21 years | $6,936 |
| 23 years | $8,703 |
| 25 years | $10,471 |
Top Solar Installers in Six Mile
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be a lot of work. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Six Mile
Factors that Affect Solar Panel Costs in Six Mile
Even though the average cost of a solar system in Six Mile is $11,619, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar panel system you need, 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 about $2,730. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bring your total well above the Six Mile average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Six Mile homeowners opt to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your overall costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $9,892 | 13.7 years |
| 8 kW | $2.78 | $15,594 | $13,495 | 13.4 years |
| 10 kW | $2.73 | $19,110 | $17,251 | 13.1 years |
| 12 kW | $2.68 | $22,473 | $21,159 | 12.9 years |
| 14 kW | $2.62 | $25,684 | $25,221 | 12.6 years |
| 16 kW | $2.57 | $28,741 | $29,435 | 12.4 years |
| 18 kW | $2.51 | $31,646 | $33,803 | 12.1 years |
| 20 kW | $2.46 | $34,398 | $38,323 | 11.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Six Mile, IL Solar Cost FAQs
What is the average cost of installing solar panels in Six Mile?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from 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 places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Six Mile?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.