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Best 5 Solar Companies in Algonquin, IL

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Written By Max Peterson|Last Updated: February 05, 2024

Algonquin homeowners are intentional about conserving resources and living sustainably. That includes using alternative energy sources like solar. Local homeowners might go for solar to break free of high power costs from sources like nuclear. A skilled solar company can help you set up and adjust a system that fulfills your energy needs without being too expensive. In this guide, we'll show you Algonquin's best solar providers and offer tips for your company choice, so you can find the right one for your home.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Most Reputable
4.4
  • Offers high-efficiency panels and storage options
  • Provides unique in-house financing options
  • Recognized as one of the most reputable solar companies
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions

Top Algonquin Solar Companies

Nelnet Renewable Energy Logo

Nelnet Renewable Energy

4.5/5
Based on 140 customer reviews.

Services Offered

Cleaning And MaintenanceBattery StorageFinancing AssistanceConsultationPanel Installation

Highlights

  • Clear pricing policy
  • Informative resources
  • Reliable customer support
230 N Hicks Pl, Palatine, IL 888-202-5630 nelnetenergy.com
Phoenix Exteriors Roofing & Solar Logo

Phoenix Exteriors Roofing & Solar

4.5/5
Based on 160 customer reviews.

Services Offered

Panel InstallationFinancing AssistanceSkilled Repairs

Highlights

  • Free quotes
  • Reliable customer support
  • Clear pricing policy
1066 National Pkwy, Schaumburg, IL 630-998-8140 phoenixexteriors.com
Certasun Logo

Certasun

4.6/5
Based on 206 customer reviews.

Services Offered

Battery StorageFinancing AssistancePanel InstallationConsultationPermit Assistance

Highlights

  • Free quotes
  • Informative resources
  • Clear pricing policy
1582 Barclay Blvd, Buffalo Grove, IL 312-638-0800 certasun.com
Greentech Renewables North Chicago Logo

Greentech Renewables North Chicago

4.7/5
Based on 16 customer reviews.

Services Offered

Panel InstallationBattery Storage

Highlights

  • Informative resources
  • Reliable customer support
  • Clear pricing policy
1305 Busch Pkwy, Buffalo Grove, IL 847-549-0300 greentechrenewables.com

More Local Solar Companies

TruHome Pros Solar

User Reviews: 4.2/5 

1701 Woodfield Rd # 950
Schaumburg, IL 60173

Smart Sky Solar

User Reviews: 4.6/5 

250 Parkway Dr Ste 150
Lincolnshire, IL 60069

Kapital Electric, Inc.

User Reviews: 5/5 

1270 Mark St
Bensenville, IL 60106

Midwest Solutions Inc

User Reviews: 4.7/5 

372 North Ave
Antioch, IL 60002

JD Pro Electric Inc

User Reviews: 4.7/5 

9230 Grand Ave
Franklin Park, IL 60131

Illinois Solar Express, LLC

User Reviews: 4.7/5 

1 Mid America Plaza 3rd Floor
Oakbrook Terrace, IL 60181

Reficiency Solar

User Reviews: 4.6/5 

4513 Lincoln Ave # 110
Lisle, IL 60532

93Energy Solar

User Reviews: 4.6/5 

4517 Oakton St
Skokie, IL 60076

Safeguard Solar LLC

User Reviews: 4.7/5 

2819 Village Green Dr
Aurora, IL 60504

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Ranking Methodology

Our team focuses on the following criteria to determine the best Algonquin solar companies.

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Facts about Algonquin
Average Max Temp:56°F
Solar Payback Period:13.8 years
Average Daily Sunlight:52%
Homes Powered by Solar:191
Average Annual Energy Bill:$1,156
Solar Power per Capita Percentile:48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy provides multiple advantages that will enhance your home for years to come.

  • Lowered energy bills: With a solar array, you generate power without paying the tacked-on costs of grid-connected power. Going off-grid can eliminate your bills completely.
  • Reduced carbon footprint: Solar is the universe's most abundant clean energy source, meaning you can minimize or conquer your home's dependence on "traditional" sources.
  • Better energy independence: Photovoltaic systems with battery storage function through power outages and emergencies, and you won't have to depend on the power grid for your safety and comfort.

What Solar Incentives Are Available to Algonquin Homeowners?

Illinois homeowners who go solar could qualify for reimbursements, tax credits, rebates and special financing. Here are just a few of the area's incentive programs.

Incentive Type: Property Tax Incentive

Incentive Amount:

Varies

Incentive Type: Rebate Program

Website: comed.com

Incentive Amount:

Appliances
Air Purifier: $50
Clothes Washer: $50
Dehumidifier: $50
Electric Clothes Dryer: $50
Freezer: $50
Refrigerator: $50
Room Air Conditioner: $25

Refrigerator/Freezer Recycling: Free pickup and $50, plus an additional $10 if recycling a room A/C at the same time
Heating & Cooling
Air Source Heat Pump: $400 - $600
Central A/C: $300 - $600
Ductless Mini-Split Heat Pump: $400
Geothermal Heat Pump: Up to $6,000/home
Furnace Blower Motor (ECM): $50 - $100
Miscellaneous
Advanced Power Strip: $10
Air Sealing: Up to $400/home
Attic Insulation: Up to $300/home
Duct Sealing: Up to $500/home
Lighting: In-store discounts, varies
Pool Pump: $275
Smart Thermostat: $100
Wall Insulation: Up to $400/home

Incentive Type: Solar Renewable Energy Credit Program

Website: icc.illinois.gov

Incentive Amount:

Negotiated with procurement administrators

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Algonquin

Choosing a company is the first step toward a well-oiled and valuable solar energy system. Here are some key items to remember while searching for a solar company.

Licensing and Training

In Illinois, the state Commerce Commission issues licenses to distributed generation energy contractors, including residential solar contractors. You should also visit a company's website to learn about its private certifications. Two of the most prestigious are the PV Installation Professional and Solar Heating Installer certificates, granted by the North American Board of Certified Energy Practitioners (NABCEP). Some companies don't publish this information online, so you should also ask your estimator about them.

Cost of Solar Panels in Algonquin

The style of solar panels you select determines how much power you can produce. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels work with a tried-and-true mechanism and cost less, but produce less power. Thin-film panels aren't recommended for large residential installations, but they are ideal for small projects like converting RVs and sheds.

You can also add battery backups and electric vehicle (EV) chargers. These will increase your total project price, but they can maximize your solar system's performance. Not all solar companies provide these extras, so look for a company that installs them if it's a priority for you.

A majority of Algonquin homeowners opt for solar systems sized for five kilowatts (kW) of electrical capacity. These systems cost about $18,800 to install, considering both parts and installation. You can see more specific cost information in the table.

Solar Panel CostAverage Cost
Solar Monocrystalline$1,134
Solar Polycrystalline$884
Thin-Film$517
Solar Battery$725
Solar Home EV Charger$2,721

Financing Solar Energy in Algonquin

Choosing the optimal financing option will impact your overall solar system cost and expected savings. Common payment options include leases, cash payments, power purchase agreements, and loans. Though it involves a large up-front payment, cash is the most cost-effective choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the runner-up option. As with a home or auto loan, you'll pay a monthly rate towards system ownership, including interest. You can still apply for cost-saving solar incentives, and depending on your lender, you could put as little as $0 down. Solar leases allow you to pay a monthly rate to rent your panels, while a power purchase agreement lets you pay a fluctuating rate based on only the energy you use. We generally advise against these options since you won't own your system and are disqualified from solar incentives, but they might be appropriate in specific circumstances. Look for companies that offer several payment plans to find the right fit for your wallet.

The table below lists the average payback periods for different capacities of solar systems in Algonquin.

A 26% federal tax credit applies to new residential solar equipment purchased through 2032. Extra incentives may be available through city and state governments, usually in the form of rebates and special financing programs.

Solar System CapacityEstimated Payback period
1 kW2.8 years
2 kW5.5 years
5 kW13.8 years
10 kW27.6 years

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Frequently Asked Questions About Solar in Algonquin

How much money could I save by going solar in Algonquin?

Most Algonquin homeowners spend about $1,156 on energy each year. Your costs could drop by $693.31 for each kilowatt you generate after you pay off a solar array.

How prevalent is solar energy in Algonquin?

Yes, solar energy is becoming increasingly popular in Algonquin. Some homes already generate solar power on-site or through utility grids, and they're fortified by a state solar economy with 5513 jobs and counting.

Should I anticipate a boost in my property value after switching to solar energy?

Yes, solar energy systems will increase your property value. According to the National Renewable Energy Laboratory, for every dollar you reduce on energy bills, your home value increases by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

Could I still use solar power if I live in a wooded, dark, or rainy area?

A solar setup could still work well in dark areas. Your technician will orient your panels to capture the most sunlight possible. They might also recommend a backup battery to keep your system performing at its best.

Is solar installation a fast job?

Your solar job's duration will depend on its size and complexity, as well as Algonquin's permit and inspection procedures. It could take several weeks to two months on average.

How long does it take to pay back a solar loan in Algonquin?

The average payback period for a solar loan in Algonquin is 19.0 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

How does "net metering" work, and do I need to participate?

Most states and utilities administrate net metering programs, and some mandate homeowners to join. Once you register, you can receive a bill credit or check for any surplus electricity you generate and send to the grid. Generally, power companies compensate solar homeowners at a wholesale or "avoided-cost" rate.

How are traditional solar loans and PPAs different?

The main differences between a PPA and traditional financing are that you pay a fluctuating monthly rate based on your energy usage and don't own your system. Your service provider installs and maintains the panels, and you pay for the generated electricity for 10–25 years. Afterward, you can continue the contract or purchase the system outright.

You might consider a PPA if you don’t want to be responsible for maintaining your panels and don’t want to invest in a system, but keep in mind you won’t be paying toward ownership or be able to access any cost-saving solar incentives. Many solar experts don’t recommend PPAs. Our guide covers other payment options above.

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

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