Powering America,
One Watt at a Time.
Protecting your family, lighting our future, and powering America. One watt at a time.
Are solar panels worth it in your area?
Yes, solar is worth it in your area! In fact, solar panels are worth it in most areas, though certain factors – including the cost of electricity, available incentives, the climate, and sun angle – will all impact how quickly you break even on your investment relative to other areas. Over 20 years you can expect to save $36,721 by installing an average-sized solar system (assuming you pay upfront with cash). If you choose to finance your system with a $0-down loan, you can start saving on day one.
How much do solar
panels cost in 2023?
As of July 2023, the average solar panel cost is $3.45/W. Given a solar panel system size of 10 kilowatts (kW), an average solar installation ranges in cost from $34,500 to $55,500, with the average gross price for solar coming in at $45,000. After accounting for the 30% federal investment tax credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.
What determines the cost of solar panels?
The price you pay for solar depends on many factors:
1. System size
The bigger your solar panel system, the pricier it will be. Importantly, the average per-unit price for solar decreases with increasing system size.
2. Panel brand and quality
Like any product or appliance, solar panels come in varying quality which can be highly dependent on brand.
3. Panel type
The type of panel you install (typically monocrystalline, polycrystalline, or thin-film) directly impacts the overall quality of your installation. Higher quality = higher prices.
4. Your roof
The cost of a solar panel installation doesn’t just come from equipment. Your solar installer will also charge for the difficulty of the installation, meaning if you have a complex roof your system may cost more.
5. Installation company
Solar companies all charge different labor rates for their work. You may opt to pay more for a more reputable company with better reviews and a shorter time period until installation.
6. Permitting and interconnection
While it’s not a large factor, paying for permits and your interconnection fee to the grid will add a little to the top of your total solar installation price.
ILLINOIS
Corporate Office:
1755 Park St suite #200,
Naperville, IL 60563
Sales & Training Facility:
650 Warrenville Rd, Suite 100,
Lisle, IL 60532
Installation Warehouse:
1930 Donmaur Dr,
Crest Hill, IL 60403
ARIZONA
Office
610 S Park Ave D Tucson,
AZ 85719
Visit our headquarters in Tucson:
SOLAR AMERICA CITY
- US Dept of Energy.
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