Solar Panel Costs Near Elgin, IL (60120)
Opportunity Score
60
/ 100
Good
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 60120 is an urban area. with a population of 50,774 and household incomes above the national median ($80,305). There are 6 solar installers operations in ZIP 60120.
Area Profile
50,774
Population
$80,305
Median Income
+8% vs. national
Urban
Area Type
Median Age: 33.4 —
mixed-age market, broad menu appeal.
College-Educated: 12.2% —
value-focused market, keep prices competitive.
Competition
Solar Installers and related businesses in ZIP 60120.
6
Solar Installers
Moderate — proven market
1.2 per 10K residents
10
Roofing Contractors
2.0 per 10K residents
What this means:
Solar Installers are 37.5% of the relevant market in ZIP 60120 (6 vs. 10 related businesses).
Well-established market — differentiation is non-negotiable.
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$1,250
Median Gross Rent
$230 K
Median Home Value
7
Bank Branches
$1.1 M deposits
Compare with Another ZIP
Side-by-side: opportunity score, income, walkability, competition, and rent.
Quick Facts
- Area Type
- Urban
- Solar Installers
- 6
- Related Businesses
- 10
- Bank Branches
- 7
vs. National Average
Median Income
+8% vs. $74,580
Nearby Markets
Check Another Market
Or estimate costs with the SolarBreakeven calculator.
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits