Solar Panel Cost Guide in Paxton, IL (2025 Update)
- Paxton 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 Paxton
Let’s take a look at the average cost of solar in Paxton.
In Paxton, solar panels cost about 4 per watt on average.The average Paxton 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 true price you pay can be above or below the average in Paxton based on several factors, such as the model of solar panels you choose and the solar company you hire.With typical savings of about $15,000 on energy bills over 20 years, many homeowners in Paxton find investing in solar can pay off big.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Paxton
| 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 Paxton
When switching to solar energy, many homeowners opt to go with a solar installation company since putting up a solar system yourself can be a challenging project. Companies can also provide access to various kinds of the best solar panels and help you choose which one will be best for your home.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Paxton:
See all of the solar companies in Paxton
Factors that Affect Solar Panel Costs in Paxton
Though the average cost of a solar system in Paxton is $16,780, your final cost may be higher or lower than that. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
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 around $3,760. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Paxton, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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 Paxton to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can play a role in determining your pricing. Paxton’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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
Since the brand of solar panels and the installer you choose considerably influences 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:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
EcoWatch's Paxton, IL Solar Cost FAQs
What is the average cost of installing solar panels in Paxton?
The average cost of solar panels in Paxton 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Paxton?
Solar panels aren’t free in Paxton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels completely eradicate my power bills?
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 Paxton?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.