Solar Panels Cost $10k-$21k in Mount Carmel, IL | May, 2025

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

In Mount Carmel, energy consumers usually see an average electric bill of $147.62 each month, with an average consumption of 915 kWh. Flats and other smaller residences with reduced energy requirements are included in this data.

The average rate for electricity in Mount Carmel, IL during May, 2025 is 16.14¢ per kWh.

Typical citizens in Mount Carmel may need a solar panel system of 8 kW or larger to cover their entire electricity consumption requirements. Before any incentives, an 8 kWsolar system is priced at approximately $30,080, after the 30% federal tax credit, the final cost is $21,056.

Are solar panels worth it in Illinois?

For those in Mount Carmel looking to stay in their homes past the payback period of their solar system, solar panels make excellent sense. With a 5 kW solar system in Mount Carmel, IL, the average savings over a 20 period is $22,268.8, with break even generally occurring at 7 years.

The cost of not having solar panels in Mount Carmel, IL

Besides missing out on the savings outlined above, not installing solar panels or an alternative backup energy source results in total reliance on your electric utility for electricity. Recent news examples have indicated that complete dependence on your utility provider isn't always ideal.

Every year, customers in Mount Carmel face approximately 0.92 outages each year. Outages typically last for an average of 115.67 minutes. Major occurrences like hurricanes, wildlife damage, or grid management errors can lead to a significant rise in these time frames.

Whether it comes with a backup battery or not, a solar panel system could reduce the strain of any future power interruptions you may encounter.

What impacts the cost of solar panels in Mount Carmel, IL?

Your Energy Needs - Larger solar panel systems require more upfront investment, but the cost per watt declines as the size of the system grows. Installing a solar system that makes sufficient electricity to eliminate their electric bill is beneficial to most individuals, ensuring savings.

Make & Model - Solar panels and mounting equipment, like many other products, are offered in a variety of makes and models. The brand preferences of your selected installer can make it crucial to choose a highly rated company. The selection of better equipment can greatly better the long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have become the industry standard, and it's easy to see why. Even with a higher cost, this technology generate more energy. Most installers opt for panels crafted using this material.

Your Property - Each property and home has its own characteristics. Factors such as uneven land, trees, or other obstacles can make the installation more challenging. These days, solar installers can utilize satellite images to evaluate your home and include these considerations into the preliminary cost estimate.

Labor Rates - Companies remunerate their employees in varying amounts, and these costs are transferred to consumers. It is frequently observed that businesses with higher wages receive superior reviews for their work and customer service.

Permitting & Interconnection - The cost of installation will be influenced by changing local permitting and utility interconnection fees. That said, quality local installers will be able to build these numbers into your initial quotes so there are no surprises.