Solar Panel Cost Guide in Millstadt, IL (2024 Update)

  • Millstadt Solar Installation Cost: $16,000
  • 25-Year Savings: $13,612
  • Payback Period: 15.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Millstadt

We break down average solar pricing in Millstadt.

Although the national average of solar panels is $2.66 per watt, solar panels in Millstadt typically cost around 4.The average solar panel system size in Millstadt is around 6.1 kilowatts, meaning a cost of about $16,000 for a solar installation, or $22,880 before the 0 federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Millstadt homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With average savings of about $16,000 on energy bills over 20 years, many homeowners in Millstadt find installing solar panels can pay off big.

You can click the button below to get connected with a pre-vetted solar company in Millstadt for a quote for your home.

Solar savings over time in Millstadt

Year Return on Investment
1 years $-15,149
3 years $-13,448
5 years $-11,746
7 years $-10,045
9 years $-8,344
11 years $-6,643
13 years $-4,941
15 years $-3,240
17 years $-1,539
19 years $163
21 years $1,864
23 years $3,565
25 years $5,267

Top Solar Installers in Millstadt

Putting up solar panels on your own can be a dangerous project, which is why hiring a solar installation company is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar contractor too, which can save you more money over time.

Working with a licensed solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Millstadt

Factors that Affect Solar Panel Costs in Millstadt

Even though the average cost of a solar system in Millstadt is $16,000, your final cost may differ. There are many factors that can have a major impact on the cost of a residential 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 significant cost factor to consider. For every additional kilowatt you need, your total will most likely 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 Millstadt, 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

If paying for solar panels in cash is too expensive, solar loans are a popular choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.

Solar Panel Installation Company

The solar company you pick will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Millstadt are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.

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 $8,477 16.5 years
8 kW $3.84 $21,477 $11,724 16.2 years
10 kW $3.76 $26,320 $15,182 15.9 years
12 kW $3.68 $30,952 $18,850 15.5 years
14 kW $3.61 $35,374 $22,728 15.2 years
16 kW $3.53 $39,585 $26,817 14.9 years
18 kW $3.46 $43,586 $31,117 14.6 years
20 kW $3.38 $47,376 $35,627 14.3 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
  • Warranty: If you care about the endurance of your solar energy system, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Millstadt, IL Solar Cost FAQs

How much does it cost to install solar panels in Millstadt?

This is a hard question to answer exactly, because the cost depends on many factors. Broadly 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 higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

Are solar panels free in Millstadt?

You can’t get solar panels for free in Millstadt. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.

Is going solar worth it?

Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.

How long do solar panels last in Millstadt?

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 their energy production will have decreased significantly after that point. You can choose to replace them once you've had 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.

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.

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