Solar Panels Cost $2.6k-$13k in Chicago Heights, IL | October, 2024

Electricity Costs in Chicago Heights, IL & What that Means for Your Solar Panel Pricing

For Chicago Heights energy consumers, the average electric bill is $114.22 per month, with a usage of 601 kWh. Compact homes, including micro-apartments, are also encompassed in the data cited in the {previous|prior sentence.

The average electricity rate in Chicago Heights, IL in October 2024 is 18.99¢ per kWh.

To account for their full energy usage requirements of an average user in Chicago Heights, a solar panel system of 5 kW or more is required. At this time, a 5 kW solar setup has an upfront cost of about $18,950, but after a 30% tax credit, it drops to $13,265

Are solar panels worth it in Illinois?

Homeowners in Chicago Heights who intend to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. With a 5 kW solar system in Chicago Heights, IL, the average savings over a 20 period is $14,147.8, with break even typically occurring at 10 years.

The cost of not having solar panels in Chicago Heights, IL

If you don't have solar panels or an alternative backup power source, you forgo the aforementioned savings and your household is entirely dependent on your electric utility for electricity. The news has recently demonstrated that relying entirely on your utility provider isn't always ideal.

In a typical year, customers in Chicago Heights encounter around 0.59 outages. On average, each outage lasts for 48.99 minutes. Major events like wildlife damage, aging infrastructure or heavy rain and flooding can considerably extend these durations.

A solar panel system with (or without) a backup battery could ease the pressure of future outages you encounter.

What impacts the cost of solar panels in Chicago Heights, IL?

Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is higher. Setting up a solar system that produces sufficient electricity to eliminate their electric bill is beneficial to most homeowners, ensuring savings.

Make & Model - Just like other industries, the solar energy sector offers a range of solar panel and mounting equipment brands and designs. Since your installer may prefer certain brands, it's essential to pick a recommended company. Selecting superior quality materials usually ensures a more favorable long-term experience for the buyer.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. These panels are more expensive but offer a higher energy efficiency. Many installers in the industry use panels crafted of this material.

Your Property - Sloping terrain, trees, or additional considerations can increase the difficulty of the installation. These days, solar installers typically use satellite images to assess your home and include these elements into the first cost estimate.

Labor Rates - Various wages are paid to employees by various companies, and these costs are borne by the consumers. Businesses that invest in higher wages often see higher reviews for their services and customer service.

Permitting & Interconnection - The cost of your installation will be impacted by the local permitting and utility interconnection fees, which vary depending on the area. That said, quality local installers will be able to incorporate these numbers into your first quotes so there are no surprises.