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

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

The average electricity bill in Roselle, for a usage of 601 kWh per month, is $114.22. Smaller homes, such as micro-apartments, are also included in the data mentioned in the previous sentence.

As of October 2024, the mean rate for electricity per kWh in Roselle, IL amounts to 18.99¢.

The average electricity user in Roselle will require a 5 kW or more solar setup to account for their full electricity requirements. Upfront, a 5 kW solar panel installation is priced at around $18,900, with a 30% tax credit, the total comes down to $13,230.

Are solar panels worth it in Illinois?

If you expect to own your residence longer than the solar system's payback period, solar panels are a good investment in Roselle. If you install a 5 kW solar system in Roselle, IL, you might save $14,182.8 over 20 years on average, with a break even point at roughly 10 years.

The cost of not having solar panels in Roselle, IL

Opting not to install solar panels or a separate backup energy solution results in you missing out on the savings noted earlier and makes you fully reliant on your electric utility for electricity. As we've seen in numerous recent news reports, complete reliance on your utility is not always ideal.

Recently, utilities in Roselle have averaged an average of 0.59 outages per customer annually. On average, an outage lasts 48.99 minutes. When major events such as aging infrastructure, tornadoes or construction accidents occur, these durations can increase significantly

Whether featuring a backup battery or not, a solar panel system can help alleviate the stress of possible future outages.

What impacts the cost of solar panels in Roselle, IL?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is reduced as the system size grows. Many consumers realize it's a good idea to set up a solar system that can produce enough power to fully cover their electric bill, because it helps them reduce costs.

Make & Model - Solar panels and mounting equipment are available in a range of makes and models. It's important to choose a highly rated contractor, considering the brand preferences that contractors may have. Buyers often find that using better quality equipment leads to a more satisfactory long-term experience.

Solar Panel Type - The industry standard is now monocrystalline panels, and for good reason. Although they are pricier, they provide increased energy. The majority of installers utilize panels made from this material.

Your Property - Each property and home presents unique challenges. Irregular terrain, trees, or other obstructions may complicate the installation process. These days, the majority of solar installers can assess your home with satellite images and incorporate these considerations in the first cost estimate.

Labor Rates - Different companies have varying pay scales for their employees, and these costs are ultimately borne by consumers. It is often observed that businesses with higher wages garner superior reviews for their work and customer service.

Permitting & Interconnection - Your final installation price will be impacted by the permitting and utility interconnection fees, which differ by area. Quality local installers will incorporate these figures into your preliminary estimates to avoid any surprises.