top of page
Search

Solar Energy in Elgin Illinois: Facts, Statistics, Companies

map of elgin illinois

Exploring Solar Energy in Elgin


Elgin, Illinois, is advancing in the solar energy sector, with its adoption of solar power influenced by system sizes, costs, and local incentives.



Solar Potential in Elgin

Elgin's suitability for solar energy is highlighted by its average roof size and system capacity:

Roof Size (sq. ft.)

System Capacity (kW DC)

Annual Electricity Production (kWh AC)

661

9.25

10.7k


Cost Analysis of Solar Systems in Elgin

The cost of a solar installation in Elgin varies, influenced by local price-per-watt and system size. Here's a breakdown:

System Size (kW)

Average Cost in Elgin

Residential Price-per-Watt

6

$22,500

$3.75


Cost Comparison with National Averages

Comparative costs in Elgin and the national average are outlined below:

Aspect

Elgin

US Average

Out-of-Pocket Cost (5 kW)

$18,750

$18,172

Average Payback Period

13 years

11 years

Net 20-Year Savings

$10,492

$14,915


Solar System Sizes and Their Benefits

Various solar system sizes offer different benefits in terms of electricity production and savings:

System Size

Annual Production (kWh)

Annual Savings

2kW

2,772

$532

3kW

4,158

$798

4kW

5,544

$1,064

5kW

6,930

$1,330

6kW

8,316

$1,596


Environmental Impact

A 2kW solar system in Elgin significantly reduces carbon emissions:

CO2 Reduction (tons/year)

Equivalent Trees Planted

Reduced Driving Miles

1.05

48

2,596



Solar Incentives and Rebates in Elgin


Elgin provides several incentives for solar adoption:



Solar Installation Services in Elgin


Elgin boasts 45 verified solar installers, offering a range of services from installation to solar financing consultancy.



Frequently Asked Questions - Solar Energy in Elgin Illinois


What factors limit solar panel installations in Elgin homes?

Limitations include roof space, electricity usage patterns, net metering rules, and home electrical capacity.


What is the cost of installing solar panels in Elgin?

The average price per installed watt in Elgin is $3.75, leading to about $37,500 for a 10kW system, with variations depending on the project.


How do solar panels affect property values in Elgin?

In line with a 2019 Zillow study, homes with solar panels in Elgin typically sell for roughly 4.1% more.



Comentarios


bottom of page