Solar Panel Cost Guide in Patton, IL (2024 Update)
- Patton Solar Installation Cost: $16,780
- 25-Year Savings: $13,094
- Payback Period: 16.6 Years
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Average Cost of Solar Panels in Patton
Let’s have a look at the average cost of solar in Patton.
The national average cost of solar panels is $2.66 per watt, but in Patton it’s 4 per watt.The average Patton homeowner needs a 6.4-kilowatt system, which would cost about $16,780 with the federal tax credit, or $23,995 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on a few factors, such as what size system you need, your energy consumption and what company you go with.Even with the large initial cost, the average Patton homeowner can save around $15,000 on their power bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a vetted solar installer in Patton, you can click the button below.
Solar savings over time in Patton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,930 |
| 3 years | $-14,228 |
| 5 years | $-12,527 |
| 7 years | $-10,826 |
| 9 years | $-9,125 |
| 11 years | $-7,423 |
| 13 years | $-5,722 |
| 15 years | $-4,021 |
| 17 years | $-2,319 |
| 19 years | $-618 |
| 21 years | $1,083 |
| 23 years | $2,784 |
| 25 years | $4,486 |
Top Solar Installers in Patton
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make switching to solar power much easier. Another upside of working with a solar company is that they can help you optimize your return of investment by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Patton
Factors that Affect Solar Panel Costs in Patton
For many Patton homeowners, the decision to adopt solar energy rests on 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 a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,760 per kilowatt in Patton.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Patton, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Patton to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Patton is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services at different costs.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $7,364 | 17.3 years |
| 8 kW | $3.84 | $21,477 | $10,240 | 16.9 years |
| 10 kW | $3.76 | $26,320 | $13,327 | 16.6 years |
| 12 kW | $3.68 | $30,952 | $16,624 | 16.3 years |
| 14 kW | $3.61 | $35,374 | $20,132 | 15.9 years |
| 16 kW | $3.53 | $39,585 | $23,850 | 15.6 years |
| 18 kW | $3.46 | $43,586 | $27,778 | 15.3 years |
| 20 kW | $3.38 | $47,376 | $31,918 | 14.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: The type of solar panel you need to get plays a part in which company you should go with, since different companies offer different panels.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Patton, IL Solar Cost FAQs
What is the average cost of installing solar panels in Patton?
The average cost of solar panels in Patton is about $18,800 for a 5-kW system and $37,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Patton?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $792.94 per year.
How long do solar panels last in Patton?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.