Solar Panel Cost Guide in Yorkville, IL (Mar 2023)
- Yorkville Solar Installation Cost: $12,383
- 25-Year Savings: $10,810
- Payback Period: 13.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Yorkville
Let's take a look at the average cost of solar in Yorkville.
The average cost of a solar system in Yorkville is 2.73 per watt. The average Yorkville homeowner needs a 6.5-kilowatt system, which would cost about $12,383 with the federal tax credit, or $17,708 before the 30% tax credit is applied.
How much you pay can go above or below the average in Yorkville based on several factors, such as the model of solar panels you choose and the solar contractor you hire. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $14,000 over 20 years on power bills.
To get a free estimate from a highly rated solar installation company in Yorkville, you can click the button below.
Solar savings over time in Yorkville
| Year | Return on Investment |
|---|---|
| 1 years | $-11,456 |
| 3 years | $-9,600 |
| 5 years | $-7,745 |
| 7 years | $-5,889 |
| 9 years | $-4,034 |
| 11 years | $-2,178 |
| 13 years | $-323 |
| 15 years | $1,533 |
| 17 years | $3,388 |
| 19 years | $5,243 |
| 21 years | $7,099 |
| 23 years | $8,954 |
| 25 years | $10,810 |
Top Solar Installers in Yorkville
Installing solar panels yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Yorkville
Factors that Affect Solar Panel Costs in Yorkville
Even though the average cost of a solar system in Yorkville is $12,383, your actual cost may differ. There are several 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
When it comes to estimating the price of solar panels in Yorkville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,730 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to think 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 looking into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Yorkville homeowners decide to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can affect the cost. Yorkville's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you want and also is within your budget.
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
The solar panel company you go with will be a major factor in determining 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 take into account, including:
- 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.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Yorkville?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
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 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.