Cost of Solar in Chicago
Solar panels are more affordable than ever. Find out what works for your home!
Going solar in the Chicago area has become more affordable over time.
Over time, going solar has become more affordable for Chicago homeowners. The cost of a solar system will depend on a few different factors unique to you, though: your home, electricity use and future energy goals. Our experts can help you assess these factors and design a custom solution tailored around your home’s specific situation, down to how many solar panels will be needed.
Calculating Your Solar Panel Cost
Because every home is different, the average cost of going solar can be hard to calculate. The solar systems we install are designed to address each home’s unique energy situation. You can, however, roughly estimate your personal cost for going solar using dollars per watt. Watts are the unit of measurement for solar production, and also show how much home your energy uses.
Our experts will determine how many panels your Chicago home will need based on how many watts your home typically uses. From that, we can effectively create a solar system for your home. The number of solar panels needed for your home plus installation costs will determine your specific cost for going solar.
Your Chicago Solar Panel Installation Cost Includes The Following:
Step
1
Installation Equipment
Everything needed for installation is included here, from solar panels, battery, inverters, conduit, wiring, to mounting racks and mounting hardware.
Step
2
A Custom-Designed Solar System
Once the contract is signed, our team will design your system, filing relevant permits and getting everything ready for your installation.
Step
3
All Installation Day Procedures
On installation day, our team will install and carefully test out your system to make sure everything is in working order, before cleaning up your property and leaving you to enjoy your potential savings!4
Cost of Solar FAQs
How much do solar panels cost in Chicago?
It depends on the number of panels required for your home’s unique needs as well as your home’s location. Pink Energy calculates the cost based on dollars per watt. Keep in mind that installation costs will factor into how much a solar panel system will be as well.
Do solar panels increase home value in Chicago?
Potentially! According to this 2018 Zillow study, homes with solar panels installed may sell by up to 4.1% more than homes without. Buyers appreciate energy-efficient homes powered by renewable energy sources!
Are solar panels a good investment in Chicago?
Solar panels are an excellent investment. Given their longevity (about 25 years), solar panels can potentially save you thousands of dollars off your electric bills over time.
How much is the federal tax credit for solar panels?
The federal solar tax credit is 26% of your total solar investment through the end of 2022. This percentage goes down to 22% through the end of 2023 and is unavailable for residential solar systems after that. Tax credits are subject to change and eligibility for federal tax credits depends on your individual and financial circumstances, so we recommend you always consult with your accountant or tax advisor to determine your eligibility.⁵
