Solar Panel Cost Guide in Mission, IL (2023 Update)
- Mission Solar Installation Cost: $12,298
- 25-Year Savings: $11,127
- Payback Period: 13.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mission
We break down average solar pricing in Mission.
The average cost of a solar panel system in Mission is 2.73 per watt. The average Mission homeowner needs a 6.4-kilowatt system, which would cost about $12,307 with the federal tax credit, or $17,599 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. Despite the large upfront cost, the average Mission homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free quote from a vetted solar installer in Mission, you can click the button below.
Solar savings over time in Mission
| Year | Return on Investment |
|---|---|
| 1 years | $-12,220 |
| 3 years | $-12,064 |
| 5 years | $-11,908 |
| 7 years | $-11,752 |
| 9 years | $-11,595 |
| 11 years | $-11,439 |
| 13 years | $-11,283 |
| 15 years | $-11,127 |
| 17 years | $-10,971 |
| 19 years | $-10,815 |
| 21 years | $-10,658 |
| 23 years | $-10,502 |
| 25 years | $-10,346 |
Top Solar Installers in Mission
Many homeowners choose to hire a solar panel installer since installing solar panels on your own can be time-consuming. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
If you're on the hunt for a solar installer in Mission, we've put together a list of our top suggestions here:
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 Mission
Factors that Affect Solar Panel Costs in Mission
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Mission: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
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 $2,730. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Mission, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Mission have solar loans, which reduce the initial cost of installing solar panels. While solar loans make adopting solar energy more accessible for Mission homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Mission, you'll have many options to choose from, but each comes at various price points for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $2.84 | $11,925 | $9,916 | 13.6 years |
| 8 kW | $2.78 | $15,594 | $13,527 | 13.4 years |
| 10 kW | $2.73 | $19,110 | $17,291 | 13.1 years |
| 12 kW | $2.68 | $22,473 | $21,207 | 12.9 years |
| 14 kW | $2.62 | $25,684 | $25,277 | 12.6 years |
| 16 kW | $2.57 | $28,741 | $29,499 | 12.3 years |
| 18 kW | $2.51 | $31,646 | $33,875 | 12.1 years |
| 20 kW | $2.46 | $34,398 | $38,403 | 11.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the longevity of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: Before signing 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 sure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mission, IL Solar Cost FAQs
What is the average cost of installing solar panels in Mission?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,650 for a 5-kW system and $27,300 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Mission?
You can't get solar panels for free in Mission. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does Mission have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.