Solar Panel Cost Guide in Yorkville, IL (2024 Update)
- Yorkville Solar Installation Cost: $17,056
- 25-Year Savings: $11,849
- Payback Period: 18.4 Years
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Average Cost of Solar Panels in Yorkville
Here’s how much it might cost to switch to solar power in Yorkville.
The average cost of a solar system in Yorkville is 4 per watt.The average Yorkville homeowner needs a 6.5-kilowatt system, which would cost about $17,056 with the federal tax credit, or $24,390 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy consumption and what company you go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on power bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Yorkville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,900 |
| 3 years | $-13,587 |
| 5 years | $-11,275 |
| 7 years | $-8,963 |
| 9 years | $-6,650 |
| 11 years | $-4,338 |
| 13 years | $-2,025 |
| 15 years | $287 |
| 17 years | $2,599 |
| 19 years | $4,912 |
| 21 years | $7,224 |
| 23 years | $9,536 |
| 25 years | $11,849 |
Top Solar Installers in Yorkville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make your switch to solar power much easier. Also, if you’d like to maximize your investment in solar, going with a solar installer can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
If you're looking for a solar company in Yorkville, we've put together a list of our top suggestions here:
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 Yorkville
Factors that Affect Solar Panel Costs in Yorkville
While the average cost of a solar system in Yorkville is $17,056, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,760.There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Yorkville to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time due to interest.It’s wise to add 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 back the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating in Yorkville, and each can charge different amounts for labor and equipment.Additionally, some companies in Yorkville have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $5,051 | 19.1 years |
| 8 kW | $3.84 | $21,477 | $7,155 | 18.8 years |
| 10 kW | $3.76 | $26,320 | $9,470 | 18.4 years |
| 12 kW | $3.68 | $30,952 | $11,996 | 18.0 years |
| 14 kW | $3.61 | $35,374 | $14,733 | 17.6 years |
| 16 kW | $3.53 | $39,585 | $17,679 | 17.3 years |
| 18 kW | $3.46 | $43,586 | $20,837 | 16.9 years |
| 20 kW | $3.38 | $47,376 | $24,205 | 16.5 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Installation Process: When making the switch to solar, it’s essential to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 Yorkville, IL Solar Cost FAQs
What is the average cost of installing solar panels in Yorkville?
This is a difficult question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Yorkville?
Solar panels aren’t free in Yorkville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Yorkville have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.