Solar Panel Cost Guide in Spring Garden, IL (2023 Update)
- Spring Garden Solar Installation Cost: $11,676
- 25-Year Savings: $15,090
- Payback Period: 10.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Spring Garden
Find out what the average cost of solar panel installation is in Spring Garden.
The average cost of a solar system in Spring Garden is 2.73 per watt. Using this figure, a typical 6.1-kW system would cost about $11,676 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy consumption and what company you go with. With average savings of about $17,000 on utility bills over 20 years, many homeowners in Spring Garden find investing in solar has a decent ROI.
Click the button below to get connected to a vetted solar installer in Spring Garden for a customized quote.
Solar savings over time in Spring Garden
| Year | Return on Investment |
|---|---|
| 1 years | $-10,606 |
| 3 years | $-8,464 |
| 5 years | $-6,323 |
| 7 years | $-4,182 |
| 9 years | $-2,041 |
| 11 years | $101 |
| 13 years | $2,242 |
| 15 years | $4,383 |
| 17 years | $6,525 |
| 19 years | $8,666 |
| 21 years | $10,807 |
| 23 years | $12,948 |
| 25 years | $15,090 |
Top Solar Installers in Spring Garden
Installing solar panels yourself can be a difficult task, which is why using a solar installer is a good option for many homeowners. The expertise that solar companies provide can be invaluable as well, especially if you don't quite know what type of solar equipment would be right for your home.
If you'd like to switch to solar energy but still aren't sure which solar installer to go with, here are our recommendations for providers nearby:
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 Spring Garden
Factors that Affect Solar Panel Costs in Spring Garden
Though the average cost of a solar system in Spring Garden is $11,676, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Spring Garden homeowners choose to finance their solar panel systems to offset upfront costs. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in Spring Garden, and each can charge different amounts for labor and equipment. Additionally, some companies in Spring Garden have more knowledge about local solar incentives and can help you make good use of 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 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 | $2.84 | $11,925 | $14,340 | 11.4 years |
| 8 kW | $2.78 | $15,594 | $19,425 | 11.1 years |
| 10 kW | $2.73 | $19,110 | $24,664 | 10.9 years |
| 12 kW | $2.68 | $22,473 | $30,056 | 10.7 years |
| 14 kW | $2.62 | $25,684 | $35,600 | 10.5 years |
| 16 kW | $2.57 | $28,741 | $41,297 | 10.3 years |
| 18 kW | $2.51 | $31,646 | $47,147 | 10.0 years |
| 20 kW | $2.46 | $34,398 | $53,150 | 9.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Well-established 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 adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
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 Spring Garden, IL Solar Cost FAQs
How much does it cost to install solar panels in Spring Garden?
The average cost of solar panels in Spring Garden is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Spring Garden?
You can't get solar panels for free in Spring Garden. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Does Spring Garden have a net metering program?
Each state has some form 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 power bills.
How long do solar panels last in Spring Garden?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.