Solar Panel Cost Guide in Westmont, IL (Jan 2023)
- Westmont Solar Installation Cost: $12,479
- 25-Year Savings: $10,133
- Payback Period: 13.8 Years
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Top Solar Installers in Westmont
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with a solar company can make your swap to solar power much easier. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Westmont
Factors that Affect Solar Panel Costs in Westmont
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Westmont: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,730. The brand and kind of equipment you get for your solar system can increase or decrease 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. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Westmont have solar loans, which reduce the initial cost of installing solar panels. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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||$8,840||14.4 years|
|8 kW||$2.78||$15,594||$12,093||14.1 years|
|10 kW||$2.73||$19,110||$15,498||13.8 years|
|12 kW||$2.68||$22,473||$19,057||13.5 years|
|14 kW||$2.62||$25,684||$22,768||13.3 years|
|16 kW||$2.57||$28,741||$26,632||13.0 years|
|18 kW||$2.51||$31,646||$30,649||12.7 years|
|20 kW||$2.46||$34,398||$34,819||12.4 years|
How to Save on Solar Panels
The company that does your solar panel 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 difficult, we have some tips to help you, such as:
- Reputation: Long-standing 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 quality aftercare and customer support, such as part repairs and replacements.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which installer you should opt for, since different companies have different panels.
EcoWatch's Westmont, 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.