Solar Panel Cost Guide in Woodridge, IL (2025 Update)
- Woodridge Solar Installation Cost: $17,003
- 25-Year Savings: $10,841
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Woodridge
Here’s how much it might cost to install solar panels in Woodridge.
The average cost of solar panels in Woodridge is 4 per watt.To cover the typical energy usage of the average home in Woodridge, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs about $17,003, or $24,314 before the federal solar tax credit of 0 is applied.
The true price you pay can be higher or lower than the average in Woodridge based on several factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Woodridge can save around $14,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Woodridge
Year | Return on Investment |
---|---|
1 years | $-15,846 |
3 years | $-13,534 |
5 years | $-11,222 |
7 years | $-8,909 |
9 years | $-6,597 |
11 years | $-4,285 |
13 years | $-1,972 |
15 years | $340 |
17 years | $2,652 |
19 years | $4,965 |
21 years | $7,277 |
23 years | $9,589 |
25 years | $11,902 |
Top Solar Installers in Woodridge
Although it's possible to install solar panels on your own, it requires extra energy and knowledge. That's why almost all homeowners choose a solar panel installer. Plus, if you’d like to maximize your investment in solar, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Woodridge
Factors that Affect Solar Panel Costs in Woodridge
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Woodridge: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $3,760 per kilowatt in Woodridge.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Woodridge average.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.It’s a good idea to include 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can affect how much it costs. Woodridge’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Woodridge have more knowledge about local solar incentives and can help you learn about 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 | $3.91 | $16,424 | $5,111 | 19.1 years |
8 kW | $3.84 | $21,477 | $7,236 | 18.7 years |
10 kW | $3.76 | $26,320 | $9,571 | 18.3 years |
12 kW | $3.68 | $30,952 | $12,117 | 18.0 years |
14 kW | $3.61 | $35,374 | $14,873 | 17.6 years |
16 kW | $3.53 | $39,585 | $17,840 | 17.2 years |
18 kW | $3.46 | $43,586 | $21,018 | 16.9 years |
20 kW | $3.38 | $47,376 | $24,406 | 16.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Woodridge, IL Solar Cost FAQs
What is the average cost of installing solar panels in Woodridge?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Woodridge?
A solar panel system isn’t free in Woodridge, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Woodridge is currently $358,520, so you can look forward to a value of about $14,699 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Woodridge is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.