Solar Panel Cost Guide in Mount Pleasant, IL (Jan 2023)
- Mount Pleasant Solar Installation Cost: $12,364
- 25-Year Savings: $15,763
- Payback Period: 11.0 Years
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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:
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.
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.
EcoWatch's Mount Pleasant, IL Solar Cost FAQs
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.