Solar Panel Cost Guide in Braceville, IL (2024 Update)
- Braceville Solar Installation Cost: $16,937
- 25-Year Savings: $10,314
- Payback Period: 18.7 Years
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Average Cost of Solar Panels in Braceville
Find out how much it might cost to install solar panels in Braceville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Braceville, the typical cost of solar panels is 4 per watt.Since a 6.4-kW system is needed to cover the energy consumption of a typical home in Braceville, the average price of going solar will be about $16,937 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what company you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Braceville can save about $13,000 on their electricity bills over 20 years.
To receive a free quote from a vetted solar installation company in Braceville, you can click the button below.
Solar savings over time in Braceville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,781 |
| 3 years | $-13,469 |
| 5 years | $-11,157 |
| 7 years | $-8,844 |
| 9 years | $-6,532 |
| 11 years | $-4,219 |
| 13 years | $-1,907 |
| 15 years | $405 |
| 17 years | $2,718 |
| 19 years | $5,030 |
| 21 years | $7,342 |
| 23 years | $9,655 |
| 25 years | $11,967 |
Top Solar Installers in Braceville
When going solar, many homeowners choose to use a solar company since DIY solar panel installation can be a time-consuming project. Plus, if you’d like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
If you’d like to start using solar energy but still aren’t certain which solar system installer to go with, here are our suggestions for providers nearby:
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 Braceville
Factors that Affect Solar Panel Costs in Braceville
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 installs your solar system.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production need 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.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Braceville average.
Solar Financing Terms
Many homeowners find the average cost of solar in Braceville to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.However, the interest on solar loans also adds to your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Braceville, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $4,659 | 19.5 years |
| 8 kW | $3.84 | $21,477 | $6,633 | 19.1 years |
| 10 kW | $3.76 | $26,320 | $8,817 | 18.7 years |
| 12 kW | $3.68 | $30,952 | $11,212 | 18.4 years |
| 14 kW | $3.61 | $35,374 | $13,818 | 18.0 years |
| 16 kW | $3.53 | $39,585 | $16,634 | 17.6 years |
| 18 kW | $3.46 | $43,586 | $19,661 | 17.2 years |
| 20 kW | $3.38 | $47,376 | $22,899 | 16.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: When making the switch to solar energy, it’s essential to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
- Reputation: Make sure your solar 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.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Warranty: If you care about the endurance of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 Braceville, IL Solar Cost FAQs
What is the average cost of installing solar panels in Braceville?
The average cost of solar panels in Braceville 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 things like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $702.75 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.