Solar Panel Cost Guide in Mission, IL (2023 Update)
- Mission Solar Installation Cost: $12,307
- 25-Year Savings: $11,119
- Payback Period: 13.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mission
See how much it might cost to switch to solar power in Mission.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mission, the typical cost of a solar system 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.
Keep in mind that the figures above are only estimates based on the average energy use of Mission homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $14,000 on utility bills over 20 years, many homeowners in Mission find going solar can be quite rewarding.
To receive a free estimate from a vetted solar company in Mission, you can click the button below.
Solar savings over time in Mission
| Year | Return on Investment |
|---|---|
| 1 years | $-11,370 |
| 3 years | $-9,496 |
| 5 years | $-7,622 |
| 7 years | $-5,748 |
| 9 years | $-3,874 |
| 11 years | $-2,000 |
| 13 years | $-126 |
| 15 years | $1,748 |
| 17 years | $3,622 |
| 19 years | $5,497 |
| 21 years | $7,371 |
| 23 years | $9,245 |
| 25 years | $11,119 |
Top Solar Installers in Mission
Trying to install solar panels yourself can be a challenging project, which is why using a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Mission
Factors that Affect Solar Panel Costs in Mission
For many Mission homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Mission, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,730. The type 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, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Mission average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Mission, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make going solar more accessible for Mission homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Mission, and each can charge varying amounts for labor and equipment. Additionally, some companies in Mission have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $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
The solar company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a good company.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Different companies have various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Mission, IL Solar Cost FAQs
How much does it cost to install solar panels in Mission?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Mission?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How long do solar panels last in Mission?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.