Solar Panel Cost Guide in Hall, IL (2024 Update)
- Hall Solar Installation Cost: $16,960
- 25-Year Savings: $11,317
- Payback Period: 17.9 Years
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Average Cost of Solar Panels in Hall
Let’s have a look at the average cost of solar in Hall.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hall, the typical cost of solar panels is 4 per watt.Using this figure, a typical 6.4-kW system would cost about $16,960 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar panels you want, your solar contractor and more.With typical savings of about $14,000 on power bills over 20 years, many homeowners in Hall find investing in solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in Hall for a quote for your home.
Solar savings over time in Hall
| Year | Return on Investment |
|---|---|
| 1 years | $-16,109 |
| 3 years | $-14,408 |
| 5 years | $-12,707 |
| 7 years | $-11,005 |
| 9 years | $-9,304 |
| 11 years | $-7,603 |
| 13 years | $-5,901 |
| 15 years | $-4,200 |
| 17 years | $-2,499 |
| 19 years | $-798 |
| 21 years | $904 |
| 23 years | $2,605 |
| 25 years | $4,306 |
Top Solar Installers in Hall
Although you can install solar panels by yourself, it involves extra time and expertise. For that reason, most homeowners choose a solar panel installer. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our suggestions for providers in Hall:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Hall
Factors that Affect Solar Panel Costs in Hall
The cost of installing a solar system in Hall can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Hall, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by about $3,760 for each additional kilowatt you need.The brand of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Hall to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.You’ll have to consider the long-term cost of loans, 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 APR could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Hall is the company you choose to install your PV system. Similar to choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that offer a range of services for different budgets.You may notice national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $5,580 | 18.7 years |
| 8 kW | $3.84 | $21,477 | $7,861 | 18.3 years |
| 10 kW | $3.76 | $26,320 | $10,352 | 17.9 years |
| 12 kW | $3.68 | $30,952 | $13,054 | 17.6 years |
| 14 kW | $3.61 | $35,374 | $15,967 | 17.2 years |
| 16 kW | $3.53 | $39,585 | $19,090 | 16.9 years |
| 18 kW | $3.46 | $43,586 | $22,424 | 16.5 years |
| 20 kW | $3.38 | $47,376 | $25,968 | 16.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which type 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 making your decision.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Hall, IL Solar Cost FAQs
What is the average cost of installing solar panels in Hall?
The average cost of solar panels in Hall is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Hall?
You can’t get solar panels for free in Hall. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Hall?
Each state has some kind 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 electricity bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can 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 install 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.