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 panel system in Yorkville is 4 per watt.To account for the typical energy needs of the average home in Yorkville, most homeowners require a 6.5-kilowatt system. Using the figure above, a solar installation costs around $17,056, or $24,390 before the federal solar tax credit of 0 is applied.
How much you pay can go higher or lower than the average in Yorkville depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.Despite the significant initial cost, the average Yorkville homeowner can save around $14,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar company in Yorkville that can help you get a more accurate cost estimate for your home.
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 be a headache. Going with a solar panel installer can make your swap to solar power much easier. The payback period of solar panels will vary based on factors like your roof configuration and energy usage, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Yorkville:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Yorkville: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,760.The type 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, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Yorkville average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Yorkville, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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
Since the model of solar panels and the company you choose greatly affects 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:
- Warranty: A comprehensive, long-term 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 crucial to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: The type of solar panel you’d like plays a part in which company you should choose, since different companies offer different panels.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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?
The average cost of solar panels in Yorkville is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Yorkville?
A solar panel system isn’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 further reduce the cost.
Can you sell solar power back to the grid in Yorkville?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 cover 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.