Solar Panel Cost Guide in Six Mile, IL (2024 Update)
- Six Mile Solar Installation Cost: $15,990
- 25-Year Savings: $10,480
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in Six Mile
Let’s have a look at the average cost of solar in Six Mile.
The average cost of a solar panel system in Six Mile is 4 per watt.To account for the typical energy usage of the average home in Six Mile, most homeowners require a 6.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,990, or $22,866 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and your own solar costs will differ based on your specific situation and what company you go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on utility bills.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Six Mile
| Year | Return on Investment |
|---|---|
| 1 years | $-15,139 |
| 3 years | $-13,438 |
| 5 years | $-11,736 |
| 7 years | $-10,035 |
| 9 years | $-8,334 |
| 11 years | $-6,633 |
| 13 years | $-4,931 |
| 15 years | $-3,230 |
| 17 years | $-1,529 |
| 19 years | $173 |
| 21 years | $1,874 |
| 23 years | $3,575 |
| 25 years | $5,277 |
Top Solar Installers in Six Mile
When making the switch to solar, many homeowners choose to use a solar installation company since putting up solar panels yourself can be a challenging project. In addition, if you’d like to maximize your investment in solar energy, using a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to go solar but still aren’t certain which solar installer to go with, here are our recommendations 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 Six Mile
Factors that Affect Solar Panel Costs in Six Mile
The cost of installing a solar system in Six Mile can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most important 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 energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,760 per kilowatt in Six Mile.There are several different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to get 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
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Six Mile, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you select will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $5,393 | 18.8 years |
| 8 kW | $3.84 | $21,477 | $7,611 | 18.5 years |
| 10 kW | $3.76 | $26,320 | $10,041 | 18.1 years |
| 12 kW | $3.68 | $30,952 | $12,680 | 17.7 years |
| 14 kW | $3.61 | $35,374 | $15,531 | 17.4 years |
| 16 kW | $3.53 | $39,585 | $18,592 | 17.0 years |
| 18 kW | $3.46 | $43,586 | $21,863 | 16.6 years |
| 20 kW | $3.38 | $47,376 | $25,345 | 16.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Six Mile, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Warranty: If you’re worried about the longevity of your solar panels, making sure your company 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 Six Mile, IL Solar Cost FAQs
How much does it cost to install solar panels in Six Mile?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost when buying solar panels?
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 trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Does Six Mile have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Six Mile?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.