Solar Panel Cost Guide in Tyrone, IL (2025 Update)
- Tyrone Solar Installation Cost: $15,990
- 25-Year Savings: $10,103
- Payback Period: 18.4 Years
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Average Cost of Solar Panels in Tyrone
We go over average solar pricing in Tyrone.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Tyrone, the average cost of a solar system is 4 per watt.The average solar panel system size in Tyrone is around 6.1 kilowatts, meaning a cost of about $15,990 for a solar installation, or $22,866 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy consumption and what company you go with.For many homeowners, the upfront investment in solar is worth paying. On average Tyrone homeowners see about $14,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Tyrone for a quote for your home.
Solar savings over time in Tyrone
| Year | Return on Investment |
|---|---|
| 1 years | $-15,139 |
| 3 years | $-13,438 |
| 5 years | $-11,736 |
| 7 years | $-10,035 |
| 9 years | $-8,334 |
| 11 years | $-6,633 |
| 13 years | $-4,931 |
| 15 years | $-3,230 |
| 17 years | $-1,529 |
| 19 years | $173 |
| 21 years | $1,874 |
| 23 years | $3,575 |
| 25 years | $5,277 |
Top Solar Installers in Tyrone
Installing solar panels by yourself can be a time-consuming project, which is why getting a solar installation company is a good option for many homeowners. Because solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
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 Tyrone
Factors that Affect Solar Panel Costs in Tyrone
While the average cost of a solar system in Tyrone is $15,990, your final cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar system in Tyrone, one of the most important 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 around $3,760 for each additional kilowatt you need.The brand of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Tyrone homeowners decide to finance their solar panel systems to make going solar more affordable.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Tyrone, and each can charge different amounts for labor and equipment.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that offers the products, warranties and services you want and also is within your budget.
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 | $5,021 | 19.1 years |
| 8 kW | $3.84 | $21,477 | $7,115 | 18.8 years |
| 10 kW | $3.76 | $26,320 | $9,421 | 18.4 years |
| 12 kW | $3.68 | $30,952 | $11,937 | 18.0 years |
| 14 kW | $3.61 | $35,374 | $14,663 | 17.7 years |
| 16 kW | $3.53 | $39,585 | $17,600 | 17.3 years |
| 18 kW | $3.46 | $43,586 | $20,747 | 16.9 years |
| 20 kW | $3.38 | $47,376 | $24,105 | 16.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide high-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 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 Tyrone, IL Solar Cost FAQs
How much does it cost to install solar panels in Tyrone?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $18,800 for a 5-kW system and $37,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Tyrone?
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 property 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 financial benefits from going solar.
Is going solar worth it?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.