Solar Panel Cost Guide in Macomb City, IL (2024 Update)
- Macomb City Solar Installation Cost: $16,628
- 25-Year Savings: $13,072
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Macomb City
Find out what the average cost of a solar system is in Macomb City.
Although the national average of solar panels is $2.66 per watt, solar panels in Macomb City typically cost around 4.Using this figure, a typical 6.3-kW system would cost about $16,628 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely look different based on your energy needs and what company you choose to go with.Despite the high upfront cost, the average Macomb City homeowner can save about $15,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a top solar installer in Macomb City for a customized quote.
Solar savings over time in Macomb City
| 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 City
Although it's possible to install solar panels on your own, it requires extra time and handiness. For that reason, the majority of homeowners choose to go with a solar panel installer. Some solar installers, especially local ones, can help you take advantage of incentives in Macomb City, optimizing your ROI.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Macomb City
Factors that Affect Solar Panel Costs in Macomb City
The cost of installing a solar system in Macomb City can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,760. 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. However, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Macomb City average.
Solar Financing Terms
Most solar companies in Macomb City have solar loans, which reduce the initial cost of installing solar panels.However, the interest on solar loans also adds to your all-in costs, so it’s vital to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Macomb City are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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
The solar installer you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Macomb City, IL Solar Cost FAQs
How much does it cost to install solar panels in Macomb City?
The average cost of solar panels in Macomb City is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Macomb City?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Macomb City is currently $96,346, so you could be looking at a value of about $3,950 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Macomb City is a rewarding investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.