Solar Panels Cost 2.7k-13k in Homer Glen, IL | October, 2024

Solar Panels Cost $2.7k-$13k in Homer Glen, IL | October, 2024

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How much do solar panels cost in Homer Glen, IL in 2024?

Going solar averages out to $3.91 per watt in Homer Glen, IL in October, 2024.

Applying this cost, we are able to conclude that for every 1 kW (1000 watts) your solar panel system can generate, you will need to spend, on average, $3,910 for its installation. A 5 kW solar installation in Homer Glen is typically approximately $13,685 after accounting for the 30% federal income tax credit. Remember, a larger system may be necessary to satisfy your energy needs effectively.

On the left side, choose your county to see the average roof size and the maximum capacity of solar panels for homes in your area. Displayed below is a summary of the price, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Homer Glen: $13,685US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Homer Glen: 10 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Homer Glen: $7,863US Average: $15,784

Solar Potential in Homer Glen

Estimated system size and solar electricity production per median viable roof in
Homer Glen.

Roof size 715sq. ft.
Capacity 10kW DC
Electricity 11.5kkWh AC per yr.

Electricity Costs in Homer Glen, IL & What that Means for Your Solar Panel Pricing

The average electricity cost for Homer Glen consumers is $114.22 per month, with a usage of 601 kWh. Compact apartments are also encompassed in the figures noted in the previous sentence. The lower energy use in these types of residences impacts those averages.

In October 2024, the electricity rate in Homer Glen, IL averages 18.99¢ per kWh.

In Homer Glen, an average electricity consumer's needs probably will be completely accounted for by a solar system of 5 kW or higher. Before any incentives, a 5 kWsetup will cost approximately $19,550, but with a 30% federal tax credit, the price drops to $13,685.

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Average solar panel costs by system size in Homer Glen

Presented on the left, you will find a price breakdown for different solar panel system sizes set up in Homer Glen. Although a more extensive solar installation does come with a larger expense, it also offers greater electricity savings and higher income tax credits.

In the calculator provided down and to the right, you will find a breakdown of solar panel costs and benefits, calculated with an average $114.22 electric bill for Homer Glen. For a more detailed estimate, change the $114.22 with your average electricity bill amount.

System Size 1kW
Roof Size Min. space required
72 ft²
Electricity Value Annual Production $281 a year
Est. Price
$2,737
Savings from a 1kWthis system
  • Est. yearly production 1,480 kWh
  • Est. monthly savings $23
  • Full payback in 2 years
Environmental Impacts
  • Reduces CO2 emissions by 0.47 tons a year
  • Equivalent to planting 22 trees a year
  • Equivalent to driving 1,172 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $562 a year
Est. Price
$5,474
Savings from a 2kWthis system
  • Est. yearly production 2,960 kWh
  • Est. monthly savings $47
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 0.95 tons a year
  • Equivalent to planting 43 trees a year
  • Equivalent to driving 2,343 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $844 a year
Est. Price
$8,211
Savings from a 3kWthis system
  • Est. yearly production 4,440 kWh
  • Est. monthly savings $70
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 1.42 tons a year
  • Equivalent to planting 65 trees a year
  • Equivalent to driving 3,515 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,125 a year
Est. Price
$10,948
Savings from a 4kWthis system
  • Est. yearly production 5,920 kWh
  • Est. monthly savings $94
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 1.89 tons a year
  • Equivalent to planting 87 trees a year
  • Equivalent to driving 4,687 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,406 a year
Est. Price
$13,685
Savings from a 5kWthis system
  • Est. yearly production 7,400 kWh
  • Est. monthly savings $114
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.3 tons a year
  • Equivalent to planting 106 trees a year
  • Equivalent to driving 5,700 mi less a year

Homer Glen Solar Panel Installation Incentives & Rebates | 2024

For rural farms and small businesses, the REAP Grant might currently cover between 80% and 100% of the expenses for installing solar energy or wind energy systems. Think you might be eligible? Confirm your qualification with our REAP Grant eligibility tool.

With the availability of a 30% federal income tax credit, solar energy becomes a practical solution for nearly all homeowners, notably in various parts of the country. Alongside federal incentives, there are many state and local efforts to support solar energy adoption.

Illinois residents have access to 7 solar rebate and incentive programs from different utilities and governmental organizations.

Solar incentives in IL

Illinois Clean Energy Community Foundation Grants

Value:Varies

Commonwealth Edison funds the Illinois Clean Energy Community Foundation (ICECF). The foundation supports private investment in renewable energy for Illinois through a variety of grant initiatives targeted at communities and schools. Eligible projects for a grant include solar, wind, and biomass installations interconnected to the grid. One initiative funding wind power for schools also supports related educational programs. Additional information is available through the ICECF website.

Net Metering

Value:Varies

Renewable energy and distributed generation customers in Illinois may enter net metering or "dual metering" arrangements with their utility. By using their generation system, customers generate renewable energy credits. By law, they hold ownership of the RECs they generate, but they may choose to sell them to the utility upon signing a net metering contract. Dual metering is for property types in a "competitive class". Utilities should install a dual-channel meter to measure net excess generation (NEG) sent back to the grid. The customer will receive a bill credit for monthly NEG at a variable rate. Net metering operates in a similar fashion, but uses a single bidirectional meter and is designed for residential and certain commercial properties (these are "non-competitive classes".) Additional information is available from the Illinois Department of Energy.

Interconnection Standards

Value:Varies

Illinois has adopted various state standards for distributed generation and interconnection using systems rated for less than 10 MW. Regulations are amended and enforced by the Illinois Commerce Commission (ICC). Each connected generation system is sorted into one of four tiers based on capacity. Which tier a system falls into determines engineering standards, permit processes, and the minimum liability insurance coverage that the system's owner must carry. Distributed generation for systems over 10 MW is also standardized under a different set of rules. Additional information is available from the ICC website.

Renewable Portfolio Standard

Value:Varies

The Illinois legislature enacted the state's first renewable portfolio standard in 2007 and established the Illinois Power Agency for its enforcement. The current standard requires 25% of the state's renewable energy to come from renewable sources by 2026, with 6% coming from solar installations, 75% from wind turbines, and 1% from distributed generation systems. Compliance is measured using a renewable energy credit (REC) system pegging electric capacity to an adjusted dollar value. Utilities in the state must obtain these credits through their own generation activities or by purchasing them from distributed generation customers.

Energy Efficiency in State Government

Value:Varies

New government buildings or renovation projects in Illinois should comply with certain green building standards. Any new occupied state building or renovation affecting a maximum of 10,000 square feet should meet the highest feasible LEED standard, though the state does not need to apply for formal LEED certification. New buildings or renovation projects over 10,000 square feet must meet LEED Silver standards and apply for formal certification. A project may be exempt if costs toward meeting green building standards exceed benefits. Historic buildings may carry an exemption by default if improvements would negatively affect their aesthetics or status. Additional information is available from the Illinois Department of Commerce website.

Illinois Municipal Electric Agency - Electric Efficiency Program

Value:Varies

Residential, commercial, and wholesale customers of the Illinois Municipal Electric Agency may be eligible for a variety of financial incentives on energy efficiency equipment and projects. Eligible items and services will change from time to time. Current programs include rebate offers on HVAC, lighting, motors, and generation equipment. For each of these projects, the rebate amount averages at 7 cents per saved kilowatt hour for the first year of the improvements' deployment. The application process involves project reviews. Customers should submit copies of the city permits they have obtained for their proposed projects. To ensure accountability, IMEA requires the submission of receipts and a final inspection upon completion of the project. Additional information is available from the IMEA website.

Solar Renewable Energy Credits

Value:Varies

The Illinois Power Agency is a legislative organization that aids several private electrical utilities (Commonwealth Edison and Ameren, specifically) in purchasing renewable energy credits, including credits designated exclusively for solar energy. To meet renewable portfolio standards, the IPA acts as a diplomatic middleman to create purchasing agreements between utilities. As IPA both designs and operates procurement programs using a variety of tracking systems, customers participating in arrangements such as net metering may interface directly with the IPA. Additional information is available from the agency website.

Are solar panels worth it in Illinois?

If your plan is to stay in your home past the time it takes to pay off your solar system, installing solar panels is a good move in Homer Glen. A 5 kW solar system in Homer Glen, IL might save you an average of $13,727.8 over 20 years, with the break even point usually being 10 years.

The cost of not having solar panels in Homer Glen, IL

The lack of solar panels or an alternative energy backup means you'll miss out on the earlier mentioned savings and be entirely reliant on your electric utility for power. The news has given several examples showing that total dependence on your utility isn't always the best idea.

Residents in Homer Glen have encountered an average of 0.59 utility outages per year in recent times. The average duration of each outage is 48.99 minutes. During severe events like construction accidents, overloaded power grids or hurricanes, these times can grow significantly longer.

A solar panel system, whether or not it has a backup battery, could help reduce the impact of future outages you might encounter.

Power Outages

Currently, 0 customers are being tracked in Will County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Homer Glen, IL?

Your Energy Needs - Larger solar panel systems come with a greater upfront cost, but the price per watt is reduced. Individuals often find that installing a solar system that can replace their electric bill is very advantageous. This method leads to maximum savings.

Make & Model - Just like other industries, the solar energy sector features a wide range of solar panel and mounting equipment brands and designs. Given the particular system preferences an contractor might have, selecting a highly rated contractor is crucial. The utilization of high-quality materials is likely to result in a more favorable long-term experience for buyers.

Solar Panel Type - It's obvious why monocrystalline panels are now the preferred option in the industry. These panels are more expensive, yet they provide more energy. Many installers tend to utilize panels made from this material.

Your Property - Every property and home is distinct. Sloped land, trees, or other considerations can make the installation more difficult. Many solar installers these days are able to utilize satellite imagery to assess your home and factor in these aspects in the initial cost estimate.

Labor Rates - Companies offer different wages to their employees, and these costs are eventually borne by the consumers. Often, businesses paying more in wages also enjoy higher ratings for their services and customer service.

Permitting & Interconnection - Depending on the location, permitting and utility interconnection fees will influence your installation price. Reliable installers will factor these costs into your initial quotes to prevent unexpected expenses.

See what solar panels cost in other IL cities

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Who are the best solar installers in Homer Glen?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Solar SME Inc.

Duncanville, TX(832) 626-2337

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

YellowLite

Cleveland, OH(877) 743-8757

Services

  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Auditing of energy requirements for independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Reparation of solar arrays.
  • Installation of solar arrays.

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Plug PV

Albany, NY(518) 948-5316

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of solar arrays.

RISE Power

Richardson, TX(855) 747-3769

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Consulting on all things solar related.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Tick Tock Energy

Effingham, IL(217) 994-9020

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

AES Solar

Carterville, IL(618) 988-0888

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Soltage

Jersey City, NJ(201) 432-1786

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Engie North America

Houston, TX(713) 636-0000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

LightEdison

Denver, CO(888) 966-6377

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

Homer Glen, IL Solar Panel Cost FAQs

  • As of October, 2024, the average cost for solar panels in Homer Glen, IL is $3.91/W. For a 5 kW solar panel system, the total cost in Homer Glen, IL after federal tax credits is around $13,685.
  • Residents of Illinois can currently take advantage of 7 rebates and incentives offered by various utilities and government bodies. Moreover, the 30% federal tax credit is accessible to nearly everyone.
  • Although cash payments offer the greatest savings, numerous financing options for solar panels now exist that are also beneficial. Many installers work with financing partners and will include this information in your initial quotes.
  • Yes, homeowners in Homer Glen, IL can expect 5 kW solar panels to pay off in 10 years, with an estimated $13,727.8 in electricity savings during a 20-year span.
Matt Hope
Last Reviewed By: Matt Hope
Published: 2024-10-01