Solar Panel Cost Guide in Mount Morris, IL (2025 Update)
- Mount Morris Solar Installation Cost: $17,094
- 25-Year Savings: $10,200
- Payback Period: 18.9 Years
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Average Cost of Solar Panels in Mount Morris
We go over average solar pricing in Mount Morris.
The national average cost of solar panels is $2.66 per watt, but in Mount Morris it’s 4 per watt.Because a 6.5-kW system is needed to cover the energy costs of a typical home in Mount Morris, the average price of going solar will be about $17,094 after claiming the federal solar tax credit of 0.
These figures are only averages, and your own solar costs will most likely look different based on factors unique to your home and what company you choose to go with.Even with the significant upfront cost, the average Mount Morris homeowner can save about $13,000 on their power bills over 20 years, which is one of the benefits of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Mount Morris
| Year | Return on Investment |
|---|---|
| 1 years | $-15,938 |
| 3 years | $-13,626 |
| 5 years | $-11,313 |
| 7 years | $-9,001 |
| 9 years | $-6,689 |
| 11 years | $-4,376 |
| 13 years | $-2,064 |
| 15 years | $248 |
| 17 years | $2,561 |
| 19 years | $4,873 |
| 21 years | $7,186 |
| 23 years | $9,498 |
| 25 years | $11,810 |
Top Solar Installers in Mount Morris
When going solar, many homeowners opt to use a solar installer since putting up solar panels yourself can be a time-consuming project. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Mount Morris
Factors that Affect Solar Panel Costs in Mount Morris
There are many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,760. The brand of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable route because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can play a role in determining the cost. Mount Morris’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $4,465 | 19.7 years |
| 8 kW | $3.84 | $21,477 | $6,375 | 19.3 years |
| 10 kW | $3.76 | $26,320 | $8,495 | 18.9 years |
| 12 kW | $3.68 | $30,952 | $10,826 | 18.5 years |
| 14 kW | $3.61 | $35,374 | $13,367 | 18.1 years |
| 16 kW | $3.53 | $39,585 | $16,119 | 17.8 years |
| 18 kW | $3.46 | $43,586 | $19,081 | 17.4 years |
| 20 kW | $3.38 | $47,376 | $22,254 | 17.0 years |
How to Save on Solar Panels
Since the type 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 select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been in business for many years 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: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
EcoWatch's Mount Morris, IL Solar Cost FAQs
What is the average cost of installing solar panels in Mount Morris?
The average cost of solar panels in Mount Morris is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on electricity bills after switching to solar?
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 $696.30 per year.
How long do solar panels last in Mount Morris?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.