Solar Panel Cost Guide in Mission, IL (2025 Update)
- Mission Solar Installation Cost: $16,938
- 25-Year Savings: $11,127
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in Mission
Here’s how much it might cost to install solar panels in Mission.
In Mission, solar panels cost about 4 per watt on average.Since a 6.4-kW system is needed to cover the energy consumption of a typical home in Mission, the average price of going solar will be about $16,938 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Mission homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Mission can save about $14,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Mission
| Year | Return on Investment |
|---|---|
| 1 years | $-15,884 |
| 3 years | $-13,775 |
| 5 years | $-11,666 |
| 7 years | $-9,558 |
| 9 years | $-7,449 |
| 11 years | $-5,340 |
| 13 years | $-3,232 |
| 15 years | $-1,123 |
| 17 years | $986 |
| 19 years | $3,094 |
| 21 years | $5,203 |
| 23 years | $7,312 |
| 25 years | $9,420 |
Top Solar Installers in Mission
Although it's possible to install solar panels on your own, it involves extra time and handiness. Because of that, the majority of homeowners choose to go with a solar panel installer. Plus, if you aren’t sure what type of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a professional solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Mission
Factors that Affect Solar Panel Costs in Mission
For many Mission homeowners, the decision to adopt solar energy 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 various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Mission homeowners choose to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you pick will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $5,417 | 18.8 years |
| 8 kW | $3.84 | $21,477 | $7,643 | 18.4 years |
| 10 kW | $3.76 | $26,320 | $10,081 | 18.1 years |
| 12 kW | $3.68 | $30,952 | $12,728 | 17.7 years |
| 14 kW | $3.61 | $35,374 | $15,587 | 17.4 years |
| 16 kW | $3.53 | $39,585 | $18,656 | 17.0 years |
| 18 kW | $3.46 | $43,586 | $21,935 | 16.6 years |
| 20 kW | $3.38 | $47,376 | $25,425 | 16.3 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Warranty: If you care about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies will offer various brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
EcoWatch's Mission, IL Solar Cost FAQs
How much does it cost to install solar panels in Mission?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with 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 are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $728.01 per year.
How many solar panels should I get to power my home?
To figure out how many solar panels 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 typically produce about 250 to 400 watt-hours per hour, the average home 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.