Solar Panel Cost Guide in Mount Pleasant, IL (2023 Update)
- Mount Pleasant Solar Installation Cost: $12,364
- 25-Year Savings: $15,763
- Payback Period: 11.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mount Pleasant
We break down average solar pricing in Mount Pleasant.
The average cost of a solar panel system in Mount Pleasant is 2.73 per watt. Using this figure, a typical 6.5-kW system would cost about $12,364 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you will look different based on factors unique to your home and what company you go with. Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Mount Pleasant can save around $17,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Mount Pleasant for a custom estimate.
Solar savings over time in Mount Pleasant
| Year | Return on Investment |
|---|---|
| 1 years | $-11,239 |
| 3 years | $-8,989 |
| 5 years | $-6,739 |
| 7 years | $-4,489 |
| 9 years | $-2,238 |
| 11 years | $12 |
| 13 years | $2,262 |
| 15 years | $4,512 |
| 17 years | $6,762 |
| 19 years | $9,013 |
| 21 years | $11,263 |
| 23 years | $13,513 |
| 25 years | $15,763 |
Top Solar Installers in Mount Pleasant
Although you can install solar panels yourself, it involves extra energy and know-how. That's one of the reasons almost all homeowners choose a solar panel installer. The expertise that solar installers provide can be invaluable as well, particularly if you aren't sure what kind of solar equipment you need.
If you're looking for a solar company in Mount Pleasant, we've organized a list of our top suggestions here:
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 Mount Pleasant
Factors that Affect Solar Panel Costs in Mount Pleasant
There are a number of criteria that can determine your total 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 for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase 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. However, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Mount Pleasant average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Mount Pleasant, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Mount Pleasant is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $2.84 | $11,925 | $14,144 | 11.4 years |
| 8 kW | $2.78 | $15,594 | $19,165 | 11.2 years |
| 10 kW | $2.73 | $19,110 | $24,339 | 11.0 years |
| 12 kW | $2.68 | $22,473 | $29,665 | 10.8 years |
| 14 kW | $2.62 | $25,684 | $35,144 | 10.6 years |
| 16 kW | $2.57 | $28,741 | $40,776 | 10.3 years |
| 18 kW | $2.51 | $31,646 | $46,561 | 10.1 years |
| 20 kW | $2.46 | $34,398 | $52,499 | 9.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which company you should go with, since different companies provide different panels.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
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 Mount Pleasant, IL Solar Cost FAQs
What is the average cost of installing solar panels in Mount Pleasant?
The average cost of solar panels in Mount Pleasant 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Mount Pleasant?
You can't get solar panels for free in Mount Pleasant. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Mount Pleasant, 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.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.
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.