Solar Panel Cost Guide in Morris, IL (2024 Update)
- Morris Solar Installation Cost: $16,937
- 25-Year Savings: $10,314
- Payback Period: 18.7 Years
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Average Cost of Solar Panels in Morris
Find out how much it might cost to switch to solar power in Morris.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Morris, the average cost of a solar system is 4 per watt.The average Morris homeowner needs a 6.4-kilowatt system, which would cost about $16,937 with the federal tax credit, or $24,220 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Morris homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Morris see about $13,000 in savings on electricity bills over 20 years.
To receive a free quote from a highly rated solar installation company in Morris, you can click the button below.
Solar savings over time in Morris
| Year | Return on Investment |
|---|---|
| 1 years | $-15,781 |
| 3 years | $-13,469 |
| 5 years | $-11,157 |
| 7 years | $-8,844 |
| 9 years | $-6,532 |
| 11 years | $-4,219 |
| 13 years | $-1,907 |
| 15 years | $405 |
| 17 years | $2,718 |
| 19 years | $5,030 |
| 21 years | $7,342 |
| 23 years | $9,655 |
| 25 years | $11,967 |
Top Solar Installers in Morris
Installing solar panels yourself can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Plus, if you’re not certain what type of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you’d like to start using solar energy but still aren’t sure which solar system installer to go with, here are our recommendations for providers 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 Morris
Factors that Affect Solar Panel Costs in Morris
The cost of installing a solar system in Morris can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Morris average.
Solar Financing Terms
Most solar companies in Morris provide solar loans, which reduce your upfront costs of installing solar panels.Even though solar loans make switching to solar energy more accessible for Morris homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Morris, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally 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 vehicle 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 | $3.91 | $16,424 | $4,659 | 19.5 years |
| 8 kW | $3.84 | $21,477 | $6,633 | 19.1 years |
| 10 kW | $3.76 | $26,320 | $8,817 | 18.7 years |
| 12 kW | $3.68 | $30,952 | $11,212 | 18.4 years |
| 14 kW | $3.61 | $35,374 | $13,818 | 18.0 years |
| 16 kW | $3.53 | $39,585 | $16,634 | 17.6 years |
| 18 kW | $3.46 | $43,586 | $19,661 | 17.2 years |
| 20 kW | $3.38 | $47,376 | $22,899 | 16.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: Look through the contract terms carefully to make sure you understand the overall cost, completion timeline rebates and warranties.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide good-quality solar panel installation and expertise.
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 Morris, IL Solar Cost FAQs
What is the average cost of installing solar panels in Morris?
This is a difficult question to answer precisely, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Morris have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels should I get to power 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 typically produce about 250 to 400 watt-hours per hour, the average household 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.
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.