Solar Panel Cost Guide in Yorkville, IL (2023 Update)
- Yorkville Solar Installation Cost: $12,384
- 25-Year Savings: $10,809
- Payback Period: 13.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Yorkville
Find out what the average cost of installing solar panels is in Yorkville.
In Yorkville, solar panels cost about 2.73 per watt on average. Using this figure, a typical 6.5-kW system would cost about $12,383 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. For most homeowners, the upfront investment in solar power is worth paying. On average Yorkville homeowners see about $14,000 in savings on utility bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a custom quote.
Solar savings over time in Yorkville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,306 |
| 3 years | $-12,152 |
| 5 years | $-11,997 |
| 7 years | $-11,842 |
| 9 years | $-11,688 |
| 11 years | $-11,533 |
| 13 years | $-11,379 |
| 15 years | $-11,224 |
| 17 years | $-11,069 |
| 19 years | $-10,915 |
| 21 years | $-10,760 |
| 23 years | $-10,605 |
| 25 years | $-10,451 |
Top Solar Installers in Yorkville
Trying to install solar panels on your own can be a dangerous undertaking, which is why using a solar installer is a good option for many homeowners. The expertise that solar installers offer can be valuable as well, particularly if you aren't sure what type of solar equipment would be right for your home.
If you'd like to start using solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers in Yorkville:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Yorkville
Factors that Affect Solar Panel Costs in Yorkville
There are many factors that can affect 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
When it comes to estimating the price of solar panels in Yorkville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by around $2,730 for each additional kilowatt you need. The type of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable route because they reduce 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 include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Yorkville, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Yorkville are more knowledgeable 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 | $2.84 | $11,925 | $9,550 | 13.9 years |
| 8 kW | $2.78 | $15,594 | $13,039 | 13.6 years |
| 10 kW | $2.73 | $19,110 | $16,680 | 13.3 years |
| 12 kW | $2.68 | $22,473 | $20,475 | 13.1 years |
| 14 kW | $2.62 | $25,684 | $24,423 | 12.8 years |
| 16 kW | $2.57 | $28,741 | $28,523 | 12.5 years |
| 18 kW | $2.51 | $31,646 | $32,777 | 12.3 years |
| 20 kW | $2.46 | $34,398 | $37,183 | 12.0 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 find the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The model of solar panel you'd like to install plays a part in which installer you should opt for, since different companies provide different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Yorkville, IL Solar Cost FAQs
How much does it cost to install solar panels in Yorkville?
The average cost of solar panels in Yorkville 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Yorkville, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.