Solar Panels Cost $2.6k-$13k in Mendota, IL | October, 2024

Electricity Costs in Mendota, IL & What that Means for Your Solar Panel Pricing

The typical electric bill for a Mendota energy consumer is $114.22, with monthly usage typically at 601 kWh. Bear in mind, this figure encompasses smaller residential units such as apartments, which usually have lower energy needs.

In October 2024, the average electricity rate in Mendota, IL amounts to 18.99¢ per kWh.

In Mendota, the average electricity user must have a solar power setup of 5 kW or higher to satisfy their full energy needs. Presently, a 5 kW solar system will be priced at around $18,850upfront, but thanks to the 30% federal tax credit, you receive 30% back, bringing the cost down to $13,195.

Are solar panels worth it in Illinois?

If you plan to own your residence longer than the solar system's payback period, solar panels are a good investment in Mendota. Over a 20 year time frame, a 5 kW solar system in Mendota, IL could save you approximately $14,217.8, with the average break even time being 10 years.

The cost of not having solar panels in Mendota, IL

The absence of solar panels or an alternative energy backup means that you forgo the savings mentioned earlier and are wholly reliant on your electric utility for electricity. As shown by numerous recent news reports, complete dependence on your utility is not always ideal.

The average number of outages per customer per year in Mendota is 0.59. The average length of an outage is 48.99 minutes. However, during significant events such as vandalism, overloaded power grids or hurricanes, this duration can grow considerably.

A solar energy system could reduce the effects of future outages, whether or not it has a backup battery.

What impacts the cost of solar panels in Mendota, IL?

Your Energy Needs - Investing in larger solar panel systems costs more upfront, but the price per watt is decreased as the system size grows. Installing a solar panel system that can cover the electric bill is useful to individuals because of the reduced long-term costs.

Make & Model - Just like other products, solar panels come in a wide variety of makes and models. The system preferences of your chosen installer can make it essential to choose a reputable company. Opting for better quality equipment can provide a much better long-term experience for the buyer.

Solar Panel Type - For valid reasons, monocrystalline panels have become the standard in the industry. They are costlier but provide more energy. Many professionals in solar installation work with panels made from this material.

Your Property - Every home and property differs in its own way. Challenges such as sloping terrain, trees, or other considerations can increase the difficulty of installing solar panels. Solar installers now have the ability to leverage satellite images to evaluate your home and include these considerations in the initial cost estimate.

Labor Rates - The pay employees receive from their employers differ, and these expenses are borne by the consumers. Paying higher wages frequently results in companies receiving better reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees differ locally and will influence your installation cost. Quality local installers will integrate these numbers into your initial quotes to avoid any surprises.