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

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

On average, South Chicago Heights residents use 601 kWh each month, and the electric bill is $114.22. Keep in mind that apartments and smaller dwellings, which generally have reduced energy requirements, are included in this statistic.

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

In South Chicago Heights, a typical electricity user's needs will usually be entirely accounted for by a solar panel system of 5 kW or more. Upfront, a 5 kW setup will cost you $18,950, but after the 30% federal tax credit, the total cost is $13,265.

Are solar panels worth it in Illinois?

If your goal is to own your home well past the payback period of your solar system, solar panels are an clear choice in South Chicago Heights. A 5 kW solar system in South Chicago Heights, IL could potentially save you $14,147.8 over the course of 20 years, with the break even point averaging at 10 years.

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

Opting not to have solar panels or a separate backup energy solution results in you missing out on the savings noted earlier and leaves you fully reliant on your electric utility for electricity. As shown by recent news stories, total reliance on your utility company is not always ideal.

Annually, customers in South Chicago Heights face approximately 0.59 outages each year. Outages typically last for an average of 48.99 minutes. Major occurrences like planned maintenance, overloaded power grids or high winds can lead to a significant rise in these time frames.

Regardless of whether a backup battery is present, a solar panel system could reduce the impact of future power outages you might face.

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

Your Energy Needs - With larger solar panel systems, the cost per watt decreases, despite the greater upfront expense. Many consumers realize it's a great idea to install a solar system that can make enough power to replace their electric bill, because it helps them reduce costs.

Make & Model - Just like other products, solar panels come in a variety of makes and models. The brand preferences of your chosen installer can make it crucial to select a highly rated company. The utilization of high-quality models is expected to provide a more satisfactory long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have become the industry standard, and for valid reasons. Despite the higher price tag, these panels provide greater energy output. The majority of installation experts use panels constructed from this material.

Your Property - Things like rough terrain, trees, or other challenges may cause the installation to be more difficult. With the use of satellite images, the majority of solar installers nowadays can assess your home and incorporate these considerations into the initial cost estimate.

Labor Rates - The wages that companies offer their employees are different, and these expenses are inevitably reflected in consumer prices. Companies paying higher wages usually garner better reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees change by area and will affect your final install price. That said, reputable local installers will be able to build these numbers into your first quotes so there are no surprises.