Solar Panel Cost Guide in Sycamore, IL (2023 Update)
- Sycamore Solar Installation Cost: $12,402
- 25-Year Savings: $10,209
- Payback Period: 13.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Sycamore
Let's have a look at the average cost of solar panels in Sycamore.
In Sycamore, solar panels cost about 2.73 per watt on average. Because a 6.5-kW system is needed to cover the energy costs of a typical home in Sycamore, the average price of going solar will be about $12,402 after claiming the federal solar tax credit of 30%.
How much you pay can be above or below the average in Sycamore based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Sycamore can save about $13,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Sycamore for a custom estimate.
Solar savings over time in Sycamore
| Year | Return on Investment |
|---|---|
| 1 years | $-11,498 |
| 3 years | $-9,689 |
| 5 years | $-7,880 |
| 7 years | $-6,071 |
| 9 years | $-4,262 |
| 11 years | $-2,453 |
| 13 years | $-644 |
| 15 years | $1,165 |
| 17 years | $2,974 |
| 19 years | $4,783 |
| 21 years | $6,591 |
| 23 years | $8,400 |
| 25 years | $10,209 |
Top Solar Installers in Sycamore
Although you can install solar panels yourself, it involves extra effort and expertise. That's why the majority of homeowners choose to hire a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Sycamore
Factors that Affect Solar Panel Costs in Sycamore
There are a number of factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar panel 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 nearly $2,730. The type 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. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Sycamore average.
Solar Financing Terms
Most solar installers in Sycamore provide solar loans, which reduce your upfront costs of installing solar. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Sycamore, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that has the products, warranties and services you're looking for and also is within your budget.
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 | $8,967 | 14.3 years |
| 8 kW | $2.78 | $15,594 | $12,262 | 14.0 years |
| 10 kW | $2.73 | $19,110 | $15,709 | 13.7 years |
| 12 kW | $2.68 | $22,473 | $19,310 | 13.4 years |
| 14 kW | $2.62 | $25,684 | $23,063 | 13.2 years |
| 16 kW | $2.57 | $28,741 | $26,969 | 12.9 years |
| 18 kW | $2.51 | $31,646 | $31,028 | 12.6 years |
| 20 kW | $2.46 | $34,398 | $35,240 | 12.3 years |
How to Save on Solar Panels
There are many companies available in Sycamore, 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: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
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 Sycamore, IL Solar Cost FAQs
What is the average cost of installing solar panels in Sycamore?
The average cost of solar panels in Sycamore is about $13,650 for a 5-kW system and $27,300 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 use.
Are solar panels free in Sycamore?
You can't get solar panels for free in Sycamore. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact my property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
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 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 buy 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.
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.