Solar Panel Cost Guide in Morris, IL (2024 Update)
- Morris Solar Installation Cost: $16,937
- 25-Year Savings: $10,314
- Payback Period: 18.7 Years
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Average Cost of Solar Panels in Morris
Find out how much it might cost to switch to solar power in Morris.
The average cost of a solar panel system in Morris is 4 per watt.The average Morris homeowner needs a 6.4-kilowatt system, which would cost about $16,937 with the federal tax credit, or $24,220 before the 0 tax credit is applied.
The actual price you pay can be higher or lower than the average in Morris depending on a few factors, such as the brand of solar panels you choose and the solar company you hire.Many homeowners find going solar is a fruitful investment. The average homeowner in Morris can save about $13,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a personalized quote.
Solar savings over time in Morris
| Year | Return on Investment |
|---|---|
| 1 years | $-15,781 |
| 3 years | $-13,469 |
| 5 years | $-11,157 |
| 7 years | $-8,844 |
| 9 years | $-6,532 |
| 11 years | $-4,219 |
| 13 years | $-1,907 |
| 15 years | $405 |
| 17 years | $2,718 |
| 19 years | $5,030 |
| 21 years | $7,342 |
| 23 years | $9,655 |
| 25 years | $11,967 |
Top Solar Installers in Morris
When making the switch to solar, many homeowners decide to hire a solar installation company since putting up a solar system yourself can be a difficult project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are a number of licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Morris
Factors that Affect Solar Panel Costs in Morris
The cost of installing a solar system in Morris can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,760.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Morris average.
Solar Financing Terms
Many homeowners find the average cost of solar in Morris to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.However, the interest on solar loans also increases your overall costs, so it’s crucial to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Morris, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have 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 | $3.91 | $16,424 | $4,659 | 19.5 years |
| 8 kW | $3.84 | $21,477 | $6,633 | 19.1 years |
| 10 kW | $3.76 | $26,320 | $8,817 | 18.7 years |
| 12 kW | $3.68 | $30,952 | $11,212 | 18.4 years |
| 14 kW | $3.61 | $35,374 | $13,818 | 18.0 years |
| 16 kW | $3.53 | $39,585 | $16,634 | 17.6 years |
| 18 kW | $3.46 | $43,586 | $19,661 | 17.2 years |
| 20 kW | $3.38 | $47,376 | $22,899 | 16.9 years |
How to Save on Solar Panels
There are a lot of companies available in Morris, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
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
EcoWatch's Morris, IL Solar Cost FAQs
How much does it cost to install solar panels in Morris?
The average cost of solar panels in Morris 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 use.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Morris?
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.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.