Solar Panel Cost Guide in Aurora, NE (2024 Update)
- Aurora Solar Installation Cost: $23,265
- 25-Year Savings: $18,239
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Aurora
Let’s take a look at the average cost of solar in Aurora.
In Aurora, solar panels cost about 4 per watt on average.Because a 9.3-kW system is needed to cover the energy usage of a typical home in Aurora, the average price of going solar will be about $23,265 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of making the switch to 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.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Aurora can save around $15,000 on their electricity bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Aurora
| Year | Return on Investment |
|---|---|
| 1 years | $-22,121 |
| 3 years | $-19,834 |
| 5 years | $-17,546 |
| 7 years | $-15,259 |
| 9 years | $-12,971 |
| 11 years | $-10,683 |
| 13 years | $-8,396 |
| 15 years | $-6,108 |
| 17 years | $-3,821 |
| 19 years | $-1,533 |
| 21 years | $755 |
| 23 years | $3,042 |
| 25 years | $5,330 |
Top Solar Installers in Aurora
When making the switch to solar, many homeowners opt to go with a solar installation company since putting up solar panels yourself can be a challenging project. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be right for your home.
If you're searching for a solar installer in Aurora, we've put together a list of our top suggestions here:
See all of the solar companies in Aurora
Factors that Affect Solar Panel Costs in Aurora
There are several criteria that can influence your 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
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only 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 Aurora to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest.You’ll have to consider the long-term cost of financing options, including the amount of 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 more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.72 | $15,637 | $8,036 | 16.5 years |
| 8 kW | $3.65 | $20,449 | $11,116 | 16.2 years |
| 10 kW | $3.58 | $25,060 | $14,396 | 15.9 years |
| 12 kW | $3.51 | $29,471 | $17,877 | 15.6 years |
| 14 kW | $3.44 | $33,681 | $21,558 | 15.2 years |
| 16 kW | $3.37 | $37,690 | $25,439 | 14.9 years |
| 18 kW | $3.29 | $41,499 | $29,521 | 14.6 years |
| 20 kW | $3.22 | $45,108 | $33,804 | 14.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Aurora, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you’re concerned about the endurance of your solar energy system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
EcoWatch's Aurora, NE Solar Cost FAQs
How much does it cost to install solar panels in Aurora?
The average cost of solar panels in Aurora is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors like 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 a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Aurora?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.