Solar Panel Cost Guide in Watseka, IL (Jan 2023)
- Watseka Solar Installation Cost: $12,192
- 25-Year Savings: $13,085
- Payback Period: 12.1 Years
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Top Solar Installers in Watseka
When switching to solar energy, many homeowners choose to hire a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Some solar installers, particularly local ones, can help you take advantage of incentives in Watseka, optimizing your ROI.
If you're looking for a solar installer in Watseka, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Watseka
Factors that Affect Solar Panel Costs in Watseka
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Watseka: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
The size of the solar energy system you need to offset your energy usage, 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 brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof 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 add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Watseka homeowners decide to finance their solar panel systems to make paying for solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and bulk 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 discount can bring their pricing down 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||$11,841||12.5 years|
|8 kW||$2.78||$15,594||$16,094||12.3 years|
|10 kW||$2.73||$19,110||$20,500||12.1 years|
|12 kW||$2.68||$22,473||$25,059||11.8 years|
|14 kW||$2.62||$25,684||$29,770||11.6 years|
|16 kW||$2.57||$28,741||$34,635||11.3 years|
|18 kW||$2.51||$31,646||$39,652||11.1 years|
|20 kW||$2.46||$34,398||$44,822||10.9 years|
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
EcoWatch's Watseka, 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.