Solar Panel Cost Guide in Macomb, IL (2023 Update)
- Macomb Solar Installation Cost: $16,628
- 25-Year Savings: $13,072
- Payback Period: 16.5 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Macomb
Find out how much it might cost to go solar in Macomb.
In Macomb, solar panels cost about 2.73 per watt on average.Because a 6.3-kW system is needed to cover the energy consumption of a typical home in Macomb, the average price of going solar will be about $12,078 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Macomb homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $15,000 over 20 years on energy bills.
To receive a free estimate from a top solar company in Macomb, you can click the button below.
Solar savings over time in Macomb
| Year | Return on Investment |
|---|---|
| 1 years | $-15,778 |
| 3 years | $-14,077 |
| 5 years | $-12,375 |
| 7 years | $-10,674 |
| 9 years | $-8,973 |
| 11 years | $-7,271 |
| 13 years | $-5,570 |
| 15 years | $-3,869 |
| 17 years | $-2,168 |
| 19 years | $-466 |
| 21 years | $1,235 |
| 23 years | $2,936 |
| 25 years | $4,638 |
Top Solar Installers in Macomb
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make converting to solar power much easier. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Macomb
Factors that Affect Solar Panel Costs in Macomb
The cost of installing a solar system in Macomb can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Macomb average.
Solar Financing Terms
Many homeowners find the average cost of solar in Macomb to be too costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Macomb, and each can charge varying amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.91 | $16,424 | $7,456 | 17.2 years |
| 8 kW | $3.84 | $21,477 | $10,363 | 16.9 years |
| 10 kW | $3.76 | $26,320 | $13,480 | 16.5 years |
| 12 kW | $3.68 | $30,952 | $16,808 | 16.2 years |
| 14 kW | $3.61 | $35,374 | $20,346 | 15.9 years |
| 16 kW | $3.53 | $39,585 | $24,095 | 15.5 years |
| 18 kW | $3.46 | $43,586 | $28,054 | 15.2 years |
| 20 kW | $3.38 | $47,376 | $32,224 | 14.9 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: When making the switch to solar, it's necessary to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Macomb, IL Solar Cost FAQs
How much does it cost to install solar panels in Macomb?
The average cost of solar panels in Macomb is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is it worth going solar in Macomb?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.