Solar Panel Cost Guide in Patton, IL (Mar 2023)
- Patton Solar Installation Cost: $12,192
- 25-Year Savings: $13,085
- Payback Period: 12.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Patton
See how much it might cost to switch to solar power in Patton.
The average cost of a solar system in Patton is 2.73 per watt. The average Patton homeowner needs a 6.4-kilowatt system, which would cost about $12,192 with the federal tax credit, or $17,435 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what company you go with. With average savings of about $15,000 on electricity bills over 20 years, many homeowners in Patton find investing in solar can be quite rewarding.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Patton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,181 |
| 3 years | $-9,159 |
| 5 years | $-7,137 |
| 7 years | $-5,115 |
| 9 years | $-3,092 |
| 11 years | $-1,070 |
| 13 years | $952 |
| 15 years | $2,974 |
| 17 years | $4,996 |
| 19 years | $7,019 |
| 21 years | $9,041 |
| 23 years | $11,063 |
| 25 years | $13,085 |
Top Solar Installers in Patton
When going solar, many homeowners choose to go with a solar company since installing solar panels yourself can be a time-consuming project. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for your family.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Patton
Factors that Affect Solar Panel Costs in Patton
For many Patton homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Patton, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Patton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,730 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment is more than just the solar panels themselves. You'll also need to consider 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 into a solar system that's in your budget.
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 Patton homeowners opt to finance their solar panel systems to make going solar more affordable. Even though solar loans make going solar more accessible for Patton homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Patton is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services at different price points. Larger national companies typically have lower costs, but some local companies compete with 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 car 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 | $2.84 | $11,925 | $11,863 | 12.5 years |
| 8 kW | $2.78 | $15,594 | $16,124 | 12.3 years |
| 10 kW | $2.73 | $19,110 | $20,537 | 12.1 years |
| 12 kW | $2.68 | $22,473 | $25,103 | 11.8 years |
| 14 kW | $2.62 | $25,684 | $29,822 | 11.6 years |
| 16 kW | $2.57 | $28,741 | $34,694 | 11.3 years |
| 18 kW | $2.51 | $31,646 | $39,718 | 11.1 years |
| 20 kW | $2.46 | $34,398 | $44,896 | 10.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- 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 brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Patton, IL Solar Cost FAQs
How much does it cost to install solar panels in Patton?
The average cost of solar panels in Patton is about $13,650 for a 5-kW system and $27,300 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Patton?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.
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.