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Best 5 Solar Companies in Peoria City, IL

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

Peoria City homeowners are privileged to live in abundant sunlight, both to enjoy and harness as energy. Local homeowners might consider solar to break free of high power costs from sources like nuclear. A professional solar installer can help you install and adjust a system that fulfills your energy needs without costing a fortune. In this article, we'll showcase Peoria City's best solar companies and offer advice for your company choice, so you can find the ideal 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 Peoria City Solar Companies

Sunrun Solar Logo

Sunrun Solar

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4.4/5
Based on 136 customer reviews.

Services Offered

Panel Installation Consultation Grid-Tied Solar System Battery Storage Permit Assistance Cleaning And Maintenance Skilled Repairs

Highlights

  • Informative resources
  • Reliable customer support
  • Free quotes
688 High Point Ln, East Peoria, IL 833-324-5886 sunrun.com
SOLAR PANTHER Logo

SOLAR PANTHER

4.7/5
Based on 49 customer reviews.

Services Offered

Financing Assistance Permit Assistance Panel Installation Skilled Repairs Cleaning And Maintenance Consultation Grid-Tied Solar System Battery Storage

Highlights

  • Clear pricing policy
  • Free quotes
  • Reliable customer support
4703 North Ellen Court, Peoria Heights, IL 309-886-6830 thesolarpanther.com
Sun Collectors Logo

Sun Collectors

4.7/5
Based on 222 customer reviews.

Services Offered

Cleaning And Maintenance Panel Installation Consultation Grid-Tied Solar System System Decommissioning

Highlights

  • Clear pricing policy
  • Informative resources
  • Reliable customer support
4507 N Sterling Ave #400, Peoria, IL 309-300-3875 suncollectors.solar
ROUTE 66 SOLAR Logo

ROUTE 66 SOLAR

4.5/5
Based on 53 customer reviews.

Services Offered

Panel Installation Financing Assistance Grid-Tied Solar System System Decommissioning

Highlights

  • Informative resources
  • Clear pricing policy
  • Reliable customer support
2619 W Heading Ave Suite 314, West Peoria, IL 309-336-7394 route66solar.com

More Local Solar Companies

Halo Solar LLC

User Reviews: 4.6/5 

7 Legacy Dr
Goodfield, IL 61742

StraightUp Solar of Bloomington

User Reviews: 4.6/5 

505 N Main St Suite A
Bloomington, IL 61701

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 has meticulously studied dozens of solar providers near Peoria City, emphasizing the following criteria:

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Facts about Peoria City
Average Max Temp: 60°F
Solar Payback Period: 13.8 years
Average Daily Sunlight: 53%
Homes Powered by Solar: 218
Average Annual Energy Bill: $851
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 has multiple advantages that will enhance your home for years to come.

  • Reduced carbon footprint: Embracing solar is a surefire way to lower your carbon footprint and home fossil fuel dependency.
  • Lower utility costs: Generating some or all of your own energy will save you money on your electric bills long-term.
  • Better energy independence: Photovoltaic systems with battery backups work through power outages and emergencies, and you won't have to depend on the power grid for your safety and well-being.

What Solar Incentives Are Available to Peoria City Homeowners?

Governments and power companies often incentivize homeowners for going solar. Here are some of the tax credits, rebates, or other programs you could qualify for.

Incentive Type: Property Tax Incentive

Incentive Amount:

Varies

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 Peoria City

The price and performance of solar panels often depend on the provider that mounted them. Make your choice based on the following important considerations.

Licensing and Training

In Illinois, the state Commerce Commission licenses distributed generation energy contractors, including solar installers. Solar providers can also earn certifications from trade groups and standards organizations. The top ones in the industry come from the NABCEP. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Peoria City

The type of solar panels you purchase decides how much electricity you can generate. Monocrystalline panels give you the best performance but cost more upfront. Polycrystalline panels produce less power, but they're worth it if you want a traditional panel style without the high cost. Thin-film panels aren't the best for large residential installations, but they are excellent accessories for non-traditional roofs.

If you need to charge an electric vehicle (EV) or use your solar power in cloudy weather, you can pay extra for accessories. By selecting the right components, you can make your panel array more productive and convenient to use. Not all solar contractors provide these add-ons, so look for a company that sells them if it's a priority for you.

You can expect to pay about $18,800 on average for a five-kilowatt solar energy system in Peoria City. Check the table in this section to get an idea of the amount Peoria City solar companies might quote for your specific system.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,165
Solar Polycrystalline $909
Thin-Film $531
Solar Battery $746
Solar Home EV Charger $2,796

Financing Solar Energy in Peoria City

Choosing the correct financing solution will impact your overall solar system cost and possible savings. Common payment options include loans, power purchase agreements, leases, and cash payments. Though it requires a large up-front payment, cash is the most affordable choice because it qualifies you for solar incentives and doesn't accrue interest. Solar loans are the second most effective option. As with a car loan or mortgage, 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 involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) allows you to pay a monthly rate based only on the energy you use, akin to an electric bill. We typically don’t recommend these two choices because you won't own the system and cannot use solar incentives. We recommend working with a contractor that offers multiple financing options. Talk to each consultant about what's available, and acquire more than one estimate for the best odds of staying within your spending limits.

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

The IRS allows you to claim a 26% federal tax credit on total system costs, so long as you purchase it before 2032. Municipal authorities and utilities might also offer their own incentives, financing programs, and rebates that could save you more money.

Solar System Capacity Estimated Payback period
1 kW 2.8 years
2 kW 5.5 years
5 kW 13.8 years
10 kW 27.6 years

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Frequently Asked Questions About Solar in Peoria City

How much energy and money could I save per year by switching to solar?

Most Peoria City homeowners spend about $851 on energy each year. Your costs could drop by $621.41 for each kilowatt you generate after you pay off a solar array.

How popular is solar energy in Peoria City?

Yes, solar energy is on the rise in Peoria City. Some homes already benefit from solar power on-site or through utility grids, and they're backed by a state solar economy with 5513 workers and counting.

Will a solar PV system improve my Peoria City home value?

Yes, new solar systems translate to higher property values according to the National Renewable Energy Laboratory (NREL.) Homeowners could project a $20 property value increase for each dollar they save on energy. Therefore, $600 in energy savings could increase your home's value by $12,000.

How can I assess my home's solar suitability?

One common way to calculate your home's solar viability is by using PVWatts. This powerful free tool considers tree cover, local weather and topography, system size, and panel efficiency to determine how much electricity your array could generate. However, it's not a substitute for consulting with a solar expert, who can build a full estimate with the most updated data.

How long does the solar panel installation process last?

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

What is the average payback period for Peoria City solar panels?

The average payback period for a solar loan in Peoria City is 21.2 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

What are some "red flags" to watch for as I research companies?

While many online reviews are positive, even the best solar providers might have complaints. You should know these early warning signs for the best chances of an exemplary job:
  • Pressuring you into signing a contract
  • Being evasive about warranties, cost, references and credentials and training
  • Limited or no customization
  • Not thoroughly inspecting your site
  • No references or testimonials

What's the difference between a PPA and a solar lease?

Choosing a leasing option means your solar company will handle panel maintenance while you make fixed monthly payments. PPAs differ slightly because you pay for just the electricity you produce.

You don't own the panels with either option, though you can choose to opt out of the contract for a fee.

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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