Solar Panel Cost Guide in Mount Pleasant, IL (2024 Update)
- Mount Pleasant Solar Installation Cost: $17,039
- 25-Year Savings: $15,756
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Mount Pleasant
Find out what the average cost of installing solar panels is in Mount Pleasant.
In Mount Pleasant, solar panels cost about 4 per watt on average.Using this figure, a typical 6.5-kW system would cost about $17,039 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you want to get, your solar contractor and more.Many homeowners find adopting solar power is a solid investment. The average homeowner in Mount Pleasant can save around $17,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a customized estimate.
Solar savings over time in Mount Pleasant
| Year | Return on Investment |
|---|---|
| 1 years | $-15,882 |
| 3 years | $-13,570 |
| 5 years | $-11,258 |
| 7 years | $-8,945 |
| 9 years | $-6,633 |
| 11 years | $-4,321 |
| 13 years | $-2,008 |
| 15 years | $304 |
| 17 years | $2,616 |
| 19 years | $4,929 |
| 21 years | $7,241 |
| 23 years | $9,554 |
| 25 years | $11,866 |
Top Solar Installers in Mount Pleasant
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar company can make your swap to solar power much easier. Another great thing about choosing a vetted solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Mount Pleasant
Factors that Affect Solar Panel Costs in Mount Pleasant
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Mount Pleasant: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
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. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 over time on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Mount Pleasant average.
Solar Financing Terms
Many homeowners find the average cost of solar in Mount Pleasant to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you select will influence your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $9,645 | 15.8 years |
| 8 kW | $3.84 | $21,477 | $13,282 | 15.4 years |
| 10 kW | $3.76 | $26,320 | $17,129 | 15.1 years |
| 12 kW | $3.68 | $30,952 | $21,186 | 14.8 years |
| 14 kW | $3.61 | $35,374 | $25,454 | 14.5 years |
| 16 kW | $3.53 | $39,585 | $29,932 | 14.2 years |
| 18 kW | $3.46 | $43,586 | $34,621 | 13.9 years |
| 20 kW | $3.38 | $47,376 | $39,521 | 13.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you’re worried about the durability of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Contract: Before signing a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 Mount Pleasant, IL Solar Cost FAQs
How much does it cost to install solar panels in Mount Pleasant?
This is a difficult question to answer precisely, 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. You can expect to pay more if you want other 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 choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Mount Pleasant?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to 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 savings from going solar.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.