Solar Panel Cost Guide in Williams, IL (Feb 2023)
- Williams Solar Installation Cost: $11,944
- 25-Year Savings: $14,739
- Payback Period: 11.2 Years
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Top Solar Installers in Williams
Although you can install solar panels yourself, it takes extra effort and knowledge. That's why almost all homeowners choose to go with a solar panel installer. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar company too, which can save you more money over time.
If you'd like to switch to solar energy but still aren't certain which solar system installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Williams
Factors that Affect Solar Panel Costs in Williams
Even though the average cost of a solar system in Williams is $11,944, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,730. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 raise the cost.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher 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
A final factor to consider when trying to figure out the cost of solar for your home or business in Williams is the company you choose to install your solar system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets. Additionally, some companies in Williams know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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||$13,674||11.6 years|
|8 kW||$2.78||$15,594||$18,537||11.4 years|
|10 kW||$2.73||$19,110||$23,554||11.2 years|
|12 kW||$2.68||$22,473||$28,723||11.0 years|
|14 kW||$2.62||$25,684||$34,045||10.8 years|
|16 kW||$2.57||$28,741||$39,520||10.5 years|
|18 kW||$2.51||$31,646||$45,148||10.3 years|
|20 kW||$2.46||$34,398||$50,929||10.1 years|
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The kind of solar panel you need to install plays a part in which company you should choose, since different companies offer different panels.
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- 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 company, such as what permits you should secure and how long the project will take.
EcoWatch's Williams, 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.