Solar Panels Cost $2.6k-$13k in Hickory Hills, IL | October, 2024

Electricity Costs in Hickory Hills, IL & What that Means for Your Solar Panel Pricing

On average, a Hickory Hills energy consumer uses601 kWh and pays $114.22 per month for electricity. Small residences, such as lofts and duplexes, are also included in the statistics mentioned in the prior sentence.

The mean rate for electricity in Hickory Hills, IL during October, 2024 is 18.99¢ per kWh.

In Hickory Hills, the typical energy consumer will need a solar power setup of 5 kW or more to cover their entire power demands. Currently, a 5 kW solar installation will cost around $13,090 after incentives.

Are solar panels worth it in Illinois?

If your intention is to stay in your home beyond the solar payback period, choosing solar panels is a good option in Hickory Hills. Having a 5 kW solar system in Hickory Hills, IL can potentially save you roughly $14,322.8 over a span of 20 years, with an average break even point of 10 years.

The cost of not having solar panels in Hickory Hills, IL

Beyond forgoing the savings, the absence of solar panels or another backup energy source results in full dependence on your electric utility for your power needs. As shown by many recent news reports, full reliance on your utility is not always ideal.

Each year, customers in Hickory Hills experience about 0.59 outages. On average, each outage lasts for 48.99 minutes. Major events like wildlife damage, aging infrastructure or lightning strikes can considerably extend these durations.

Whether it includes a backup battery or not, a solar panel system could ease the burden of any future power interruptions you may experience.

What impacts the cost of solar panels in Hickory Hills, IL?

Your Energy Needs - The initial investment for larger solar panel installations is greater, but the average price per watt drops as the system grows. Many consumers realize it's a great idea to set up a solar system that can produce enough power to fully cover their electric bill, because it helps them save more money.

Make & Model - Just like other products, solar panels and mounting equipment are available in a range of makes and models. The potential brand preferences of your selected installer make it essential to choose a recommended company. For buyers desiring a better long-term experience, opting for higher quality makes and models is critical.

Solar Panel Type - For good reason why monocrystalline panels are now the industry standard. These panels cost more but yield a higher energy efficiency. The majority of installers in the industry work with panels made from this material.

Your Property - Each property and home has its own unique features. Uneven ground, trees, or other challenges may add to the difficulty of the installation. Solar installers today frequently utilize satellite imagery to evaluate your home and factor in these factors into the preliminary cost estimate.

Labor Rates - Employees receive varied wages from different companies, and these costs are passed on to the consumers. Usually, companies paying more in wages also enjoy higher ratings for their services and customer service.

Permitting & Interconnection - Installation costs will be impacted by varying local permitting and utility interconnection fees, depending on the region. Good installers will factor these costs into your preliminary quotes to prevent unexpected expenses.