Solar Panel Cost Guide in Morton, IL (2023 Update)
- Morton Solar Installation Cost: $12,154
- 25-Year Savings: $9,450
- Payback Period: 14.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Morton
Here's how much it might cost to install solar panels in Morton.
The national average cost of solar panels is $2.66 per watt, but in Morton it's 2.73 per watt. The average Morton homeowner needs a 6.4-kilowatt system, which would cost about $12,154 with the federal tax credit, or $17,380 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Morton homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar is worth paying. On average Morton homeowners see about $13,000 in savings on utility bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Morton for a personalized quote.
Solar savings over time in Morton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,290 |
| 3 years | $-9,562 |
| 5 years | $-7,833 |
| 7 years | $-6,105 |
| 9 years | $-4,377 |
| 11 years | $-2,648 |
| 13 years | $-920 |
| 15 years | $808 |
| 17 years | $2,536 |
| 19 years | $4,265 |
| 21 years | $5,993 |
| 23 years | $7,721 |
| 25 years | $9,450 |
Top Solar Installers in Morton
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your switch to solar power much easier. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
If you'd like to go solar but still aren't sure which solar system company to go with, here are our recommendations for providers nearby:
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 Morton
Factors that Affect Solar Panel Costs in Morton
The cost of installing a solar system in Morton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,730. The solar equipment you choose can bring your price up or down 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, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Morton average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Morton homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that has the products, warranties and services you're looking for and also fits within your budget.
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 | $8,444 | 14.6 years |
| 8 kW | $2.78 | $15,594 | $11,565 | 14.4 years |
| 10 kW | $2.73 | $19,110 | $14,838 | 14.1 years |
| 12 kW | $2.68 | $22,473 | $18,265 | 13.8 years |
| 14 kW | $2.62 | $25,684 | $21,844 | 13.5 years |
| 16 kW | $2.57 | $28,741 | $25,576 | 13.2 years |
| 18 kW | $2.51 | $31,646 | $29,461 | 12.9 years |
| 20 kW | $2.46 | $34,398 | $33,499 | 12.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: A high-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: The model of solar panel you need to get plays a role in which company you should choose, since different companies offer different panels.
- Contract: Before you sign a contract with a solar installer, make sure you look it over 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 if there are any guarantees about energy production.
- Reputation: Companies that have been operating for many years 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 adequate aftercare and customer service, such as part repairs and replacements.
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 Morton, IL Solar Cost FAQs
What is the average cost of installing solar panels in Morton?
The average cost of solar panels in Morton is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Morton?
Solar panels aren't free in Morton, 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 completely eradicate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Morton, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 install 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.