Solar Panel Cost Guide in Momence, IL (2024 Update)

  • Momence Solar Installation Cost: $16,867
  • 25-Year Savings: $10,366
  • Payback Period: 18.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Momence

Let’s have a look at the average cost of solar panels in Momence.

In Momence, solar panels cost about 4 per watt on average.Using this figure, a typical 6.4-kW system would cost about $16,867 before the 0 federal solar tax credit is applied.

The true price you pay can go above or below the average in Momence depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.But, after you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on electricity bills.

For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Momence

Year Return on Investment
1 years $-15,710
3 years $-13,398
5 years $-11,086
7 years $-8,773
9 years $-6,461
11 years $-4,149
13 years $-1,836
15 years $476
17 years $2,789
19 years $5,101
21 years $7,413
23 years $9,726
25 years $12,038

Top Solar Installers in Momence

Many homeowners choose to hire a solar panel installer since trying to install solar panels on your own can be challenging. The payback period on an investment in solar panels will vary based on factors like your location and energy usage, but working with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.

Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Momence

Factors that Affect Solar Panel Costs in Momence

The cost of installing a solar system in Momence can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $3,760 per kilowatt in Momence.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Most solar installers in Momence provide solar loans, which reduce the initial cost of installing a solar system.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.

Solar Panel Installation Company

The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Momence, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.The company’s size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.

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 $4,747 19.4 years
8 kW $3.84 $21,477 $6,751 19.0 years
10 kW $3.76 $26,320 $8,965 18.6 years
12 kW $3.68 $30,952 $11,390 18.3 years
14 kW $3.61 $35,374 $14,025 17.9 years
16 kW $3.53 $39,585 $16,871 17.5 years
18 kW $3.46 $43,586 $19,927 17.2 years
20 kW $3.38 $47,376 $23,194 16.8 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 decide on the right company for you, here are some tips to keep in mind:

  • Solar Panel Brands: Different companies carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
  • Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Installation Process: When making the switch to solar power, it’s essential to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
  • Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Momence, IL Solar Cost FAQs

How much does it cost to install solar panels in Momence?

This is a hard question to answer precisely, because the cost depends on a variety of 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Can you get solar panels for free in Momence?

Solar panels aren’t free in Momence, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Can solar panels significantly reduce my energy bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Momence, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

On average, the lifespan of solar panels is 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 higher amount 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.

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