Solar Panel Cost Guide in Northville, IL (2024 Update)
- Northville Solar Installation Cost: $16,938
- 25-Year Savings: $11,127
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in Northville
Find out what the average cost of a solar system is in Northville.
The average cost of solar panels in Northville is 4 per watt.To cover the typical energy needs of the average home in Northville, most homeowners require a 6.4-kilowatt system. Using the figure above, a solar installation costs about $16,938, or $24,221 before the federal solar tax credit of 0 is applied.
The true price you pay can go above or below the average in Northville depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $14,000 over 20 years on utility bills.
To get a free estimate from a pre-vetted solar installation company in Northville, you can click the button below.
Solar savings over time in Northville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,833 |
| 3 years | $-13,622 |
| 5 years | $-11,412 |
| 7 years | $-9,201 |
| 9 years | $-6,991 |
| 11 years | $-4,780 |
| 13 years | $-2,570 |
| 15 years | $-359 |
| 17 years | $1,851 |
| 19 years | $4,062 |
| 21 years | $6,272 |
| 23 years | $8,483 |
| 25 years | $10,693 |
Top Solar Installers in Northville
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be a lot of work. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to switch to solar energy but still aren’t certain which solar system installer to go with, here are our recommendations for providers near you:
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 Northville
Factors that Affect Solar Panel Costs in Northville
There are a number of criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,760 per kilowatt in Northville.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Northville, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Northville, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.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 lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Northville is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different costs.Additionally, some companies in Northville know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $5,417 | 18.8 years |
| 8 kW | $3.84 | $21,477 | $7,643 | 18.4 years |
| 10 kW | $3.76 | $26,320 | $10,081 | 18.1 years |
| 12 kW | $3.68 | $30,952 | $12,728 | 17.7 years |
| 14 kW | $3.61 | $35,374 | $15,587 | 17.4 years |
| 16 kW | $3.53 | $39,585 | $18,656 | 17.0 years |
| 18 kW | $3.46 | $43,586 | $21,935 | 16.6 years |
| 20 kW | $3.38 | $47,376 | $25,425 | 16.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- 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.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
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 Northville, IL Solar Cost FAQs
What is the average cost of installing solar panels in Northville?
The average cost of solar panels in Northville 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Northville?
A solar panel system isn’t free in Northville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.