Solar Panels Cost 5.1k-15k in Westlake Village CDP, IL | November, 2024

Solar Panels Cost $5.1k-$15k in Westlake Village CDP, IL | November, 2024

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How much do solar panels cost in Westlake Village CDP, IL in 2024?

Going solar costs approximately $3.7/W in the month of November, 2024 in Westlake Village CDP, IL.

Based on the cost per watt, you can conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $3,700 for installation. A 5 kW solar panel install in Westlake Village CDP is typically around $12,950 after accounting for the 30% federal income tax credit. However, it’s vital to realize that a higher capacity system may be necessary to adequately cover your energy needs.

On the left-hand side, you can choose your county to find out the typical roof size and the maximum capacity for solar panels in residences in your area. Outlined below are the costs, 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.
Westlake Village CDP: $12,950US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Westlake Village CDP: 8 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Westlake Village CDP: $13,838US Average: $16,169

Solar Potential in Westlake Village CDP

Estimated system size and solar electricity production per median viable roof in
Westlake Village CDP.

Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.4kkWh AC per yr.

Electricity Costs in Westlake Village CDP, IL & What that Means for Your Solar Panel Pricing

The average monthly electricity cost for a Westlake Village CDP consumer is $134.74, with an average usage of 641 kWh. Please note that this statistic covers smaller living spaces such as apartments, with less energy demands.

Westlake Village CDP, IL's electricity rate is on average 21.03¢ per kWh in November 2024.

Typical consumers in Westlake Village CDP will need a solar system of 6 kW or larger to meet their entire electricity consumption demands. The price of a a 6 kW solar installation is approximately $22,200 upfront, but the federal tax credit provides a 30% credit, lowering your final cost to $15,540.

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Average solar panel costs by system size in Westlake Village CDP

On the left side below, the price breakdown for multiple sizes of the solar panel systems set up in Westlake Village CDP can be seen. With larger solar systems, the price goes up, but so do the electricity savings and the income tax credits you can gain.

In the calculator located to the right and below, you will find a breakdown of solar panel costs and benefits, calculated with an average $134.74 electric bill for Westlake Village CDP. If you want more customized results, just modify the $134.74 to whichever your typical electricity bill is.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $622 a year
Est. Price
$5,180
Savings from a 2kWthis system
  • Est. yearly production 2,960 kWh
  • Est. monthly savings $52
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 0.89 tons a year
  • Equivalent to planting 41 trees a year
  • Equivalent to driving 2,206 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $932 a year
Est. Price
$7,770
Savings from a 3kWthis system
  • Est. yearly production 4,440 kWh
  • Est. monthly savings $78
  • Full payback in 5 years
Environmental Impacts
  • Reduces CO2 emissions by 1.34 tons a year
  • Equivalent to planting 61 trees a year
  • Equivalent to driving 3,309 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,243 a year
Est. Price
$10,360
Savings from a 4kWthis system
  • Est. yearly production 5,920 kWh
  • Est. monthly savings $104
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 1.78 tons a year
  • Equivalent to planting 82 trees a year
  • Equivalent to driving 4,412 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,554 a year
Est. Price
$12,950
Savings from a 5kWthis system
  • Est. yearly production 7,400 kWh
  • Est. monthly savings $129
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 2.23 tons a year
  • Equivalent to planting 102 trees a year
  • Equivalent to driving 5,515 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,865 a year
Est. Price
$15,540
Savings from a 6kWthis system
  • Est. yearly production 8,880 kWh
  • Est. monthly savings $135
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.32 tons a year
  • Equivalent to planting 107 trees a year
  • Equivalent to driving 5,749 mi less a year

Westlake Village CDP Solar Panel Installation Incentives & Rebates | 2024

If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your solar or wind turbine project. Believe you fall into this category? Verify your qualification with our REAP Grant eligibility tool.

The 30% federal income tax credit for residential solar is offered to most homeowners, which makes solar energy a wise choice in numerous regions nationwide. There are also a range of state and local efforts aimed at increasing solar energy use.

Various utilities and government organizations in Illinois have 7 solar rebate and incentive programs.

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?

For those in Westlake Village CDP looking to stay in their homes past the payback period of their solar system, solar panels make perfect sense. A 5 kW solar system in Westlake Village CDP, IL might save you an average of $19,387.6 over 20 years, with the break even point typically being 8 years.

The cost of not having solar panels in Westlake Village CDP, IL

Forgoing the installation of solar panels or an alternative backup energy source results in missing the earlier mentioned savings and total reliance on your electric utility for power. Several recent examples in the news have revealed that total dependence on your utility company isn't always ideal.

There are about 0.54 outages per customer annually in Westlake Village CDP. The typical duration of each outage is 44.56 minutes. When significant events such as tornadoes, equipment failure, or construction accidents occur, these time frames can become much longer.

Owning a solar panel system, with or without a backup battery, could reduce the strain of any future outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in Winnebago County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Westlake Village CDP, IL?

Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is greater. Individuals often realize that installing a solar system to offset their electric bill is a beneficial decision, resulting in the most savings.

Make & Model - Solar panels are offered in a range of makes and models. The potential system preferences of your selected installer make it crucial to pick a highly rated company. For a better long-term experience, buyers should consider superior quality makes and models.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. They have a higher price but are better at generating energy. The majority of solar panel installers use panels made of this material.

Your Property - Each property and home presents unique challenges. Trees, irregular terrain, or other impediments may complicate the installation process. Today, the many solar installers can evaluate your home with satellite images and factor in these factors in the preliminary cost estimate.

Labor Rates - The varied employee wages paid by companies cause costs that consumers ultimately paying . Companies that invest in higher wages often see higher reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees vary locally and will impact your installation cost. Quality local installers will include these figures in your first estimates to ensure transparency.

See what solar panels cost in other IL cities

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Who are the best solar installers in Westlake Village CDP?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • 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.

Solar SME

Duncanville, TX(832) 626-2337

Services

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

YellowLite

Cleveland, OH(216) 333-1364

Services

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

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

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

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

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

Core Development Group

(201) 825-2195

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.
  • Consulting on all things solar related.

Plug PV

Troy, NY(518) 948-5316

Services

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

SunPro Solar

Mandeville, LA(866) 599-3643

Services

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

Power Home Solar

Mooresville, NC(704) 870-3670

Services

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

RISE Power

Richardson, TX(855) 747-3769

Services

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

Dividend Finance

Cincinnati, OH(415) 805-7000

Services

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

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

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

Palmetto Solar

Charleston, SC(855) 339-1831

Services

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

SunPower Corporation

San Jose, CA(800) 786-7693

Services

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

Silver Sun Solar

Deltona, FL(407) 832-42452

Services

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

Continental Energy Solutions

Oak Brook, IL(630) 637-2150

Services

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

Tick Tock Energy

Effingham, IL(217) 994-9020

Services

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

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

Sunnova Energy

Houston, TX(866) 786-6682

Services

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

Sunrun

San Francisco, CA(833) 394-3384

Services

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

GRNE Solar

Palatine, IL(312) 859-3417

Services

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

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

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

Entegrity

Little Rock, AR(800) 700-1414

Services

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

Ideal Energy

Fairfield, IA(800) 634-4454

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.
  • Reparation 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 solar arrays.
  • Installation of batteries for energy storage.

City Electric Supply

Dallas, TX(866) 634-9853

Services

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

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

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

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

Badass Energy

Claremont, CA(909) 320-9860

Services

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

Westlake Village CDP, IL Solar Panel Cost FAQs

  • As of November, 2024, the typical cost for solar panels in Westlake Village CDP, IL is $3.7/W. After federal tax credits, the installation of a 5 kW solar panel system in Westlake Village CDP, IL is estimated to cost $12,950.
  • Illinois offers 7 different rebates and incentives from a range of utilities and government organizations. In addition, nearly all people are eligible for the 30%federal tax credit.
  • Even though paying cash yields the most savings, there are now several financing options for solar panels that also are cost-effective. Initial quotes from installers will frequently detail information about available financing options.
  • Yes, the average 5 kW solar panel payback period in Westlake Village CDP, IL stands at 8 years, yielding average electricity savings of $19,387.6 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-11-01