How to Choose a Solar Installer to Finance in Illinois
Published on
May 31, 2024

How to Choose a Solar Installer to Finance in Illinois

Discover essential tips on choosing the best solar installer for financing in Illinois. Learn what to look for in terms of costs, benefits, and incentives to make an informed decision about your solar investment.
Michael W
Solar Energy
News

Key Takeaways

  • Evaluate installer reputation, experience, and customer feedback to ensure reliability and professional service.
  • Compare costs and financing options from multiple installers to find the best financial fit for your budget.
  • Check the installer’s knowledge of local incentives and their ability to manage related paperwork and applications.
  • Assess the quality of equipment and the comprehensiveness of warranties to ensure long-term reliability and efficiency.
  • Consider the installer's post-installation services like system monitoring and maintenance for ongoing support.

Introduction: The Importance of Choosing the Right Solar Installer

With the solar market booming in Illinois, many residents are considering the switch to solar energy. The state's commitment to reaching 50% renewable energy by 2040 and the availability of various incentives make this a wise economic decision. However, choosing the right solar installer is crucial to maximize these benefits, especially when considering financing options. This article provides a detailed guide on selecting a reliable solar installer in Illinois, ensuring you get the best value and service.

Understanding the Solar Market in Illinois

The solar industry in Illinois is valued at $4.7 billion, with over 340 solar companies operating statewide. Residents typically pay $3.61 per watt for solar installations, higher than the national average of $2.85 per watt. Given these figures, it's essential to choose an installer that not only offers competitive prices but also reliable installation and favorable financing terms.

Key Factors to Consider When Selecting a Solar Installer

  1. Reputation and Experience

Look for companies with a strong reputation in Illinois. Consider their years in business and reviews from past customers.

Check the installer’s credentials and certifications. Ensure they are licensed and insured, which indicates professionalism and credibility.

  1. Cost and Financing Options

Compare the costs quoted by different installers. Remember, the cheapest option may not always be the best.

Examine the financing options they offer. Some companies provide loans, leases, or Power Purchase Agreements (PPAs). Choose the one that aligns with your financial situation.

  1. Incentives and Rebates

Illinois offers various incentives like the Illinois Shines Adjustable Block Program, Commonwealth Edison rebates, and federal tax credits. Ensure the installer is knowledgeable and can help you maximize these benefits.

Ask if they handle the paperwork and applications for these incentives, which can significantly reduce the hassle for you.

  1. Equipment Quality and Warranty

Assess the quality of the solar panels and other equipment the installer uses. Higher quality often means more durability and efficiency.

Check the warranties provided. A good warranty covers the panels and the workmanship for several years.

  1. Post-Installation Services

Inquire about the post-installation services offered, such as monitoring and maintenance. Reliable after-service is crucial for the long-term performance of your solar system.

Evaluating Local Installers

Given the competitive landscape in Illinois, with major providers like SunPower, Palmetto Solar, and Tesla Solar, it’s important to evaluate each based on the above factors. For instance:

SunPower offers systems ranging from $24,000 to $36,000, which is on the higher end. However, they are known for high-efficiency panels and comprehensive warranties.

Palmetto and Sunrun tend to offer systems between $20,000 to $25,000, competitive pricing combined with good service reputations.

Comparison of Major Solar Panel Providers in Illinois

SunPower

Pricing: Typically ranges from $24,000 to $36,000 for solar systems.

Technology and Efficiency: Known for having some of the most efficient solar panels on the market, which can generate more power per square foot, making them ideal for smaller roofs or shaded areas.

Warranties: Offers comprehensive warranties that cover both the equipment and the performance, ensuring that the solar panels perform to certain standards over the life of the system.

Special Features: Their panels feature an all-black design that many homeowners find more aesthetically pleasing.

Blue Raven Solar

Pricing: Offers competitive pricing, generally lower than SunPower, aiming to make solar more accessible.

Technology and Efficiency: Uses reliable solar technology but may not reach the high efficiency levels of SunPower panels.

Warranties: Provides standard industry warranties; however, less comprehensive in comparison to SunPower.

Special Features: Known for its fast installation process and customer service, making the transition to solar smooth and straightforward.

Palmetto Solar

Pricing: Systems are generally priced between $20,000 and $25,000.

Technology and Efficiency: Offers high-quality panels, though they may not be as efficient as SunPower. Efficiency is suitable for most typical residential needs.

Warranties: Good warranty coverage that competes closely with industry leaders.

Special Features: Strong focus on user experience, providing clear pricing and system monitoring tools that help homeowners track energy production.

Tesla Solar

Pricing: Competitive pricing similar to Palmetto, with options that can be customized to fit different budgets.

Technology and Efficiency: Offers solar tiles and traditional panels. While the solar tiles are unique and aesthetically pleasing, they may not be as efficient as traditional panels offered by other providers.

Warranties: Offers a notable warranty that covers the lifetime of the house on which the solar tiles are installed, reflecting strong confidence in product longevity.

Special Features: Integration with Tesla Powerwall, a battery storage solution that provides energy storage for self-consumption, load shifting, and backup power.

Sunrun

Pricing: Comparable to Palmetto and Tesla, typically between $20,000 and $25,000.

Technology and Efficiency: Offers various solar panel options to cater to different efficiency needs and budgets.

Warranties: Warranties are comprehensive, covering components, performance, and labor.

Special Features: Offers a lease option with little to no upfront costs, which can be attractive for homeowners not willing to make a large initial investment.

Tron Solar

Pricing: Offers competitive pricing within the same range as Sunrun and Palmetto.

Technology and Efficiency: Uses standard technology that fits most residential needs but might not offer the cutting-edge efficiency of SunPower.

Warranties: Standard warranties similar to other major providers.

Special Features: Known for excellent local customer service and fast response times, which is a significant plus for many homeowners.

Case Studies and Success Stories

Consider looking into case studies or seeking testimonials from customers who have used these services. For example, residents in the Chicago area, where the average electricity rate is $0.180 per kWh, have reported significant savings, especially when utilizing state and federal incentives effectively.

Conclusion: Making an Informed Decision

Choosing the right solar installer in Illinois involves careful consideration of various factors including cost, quality, financing, and the ability to leverage state-specific incentives. By doing thorough research and comparing your options, you can ensure that you select an installer that will meet your needs and help you achieve long-term savings and sustainability goals.

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