Solar Panels Cost 2.7k-13k in Mount Morris, IL | October, 2024

Solar Panels Cost $2.7k-$13k in Mount Morris, IL | October, 2024

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How much do solar panels cost in Mount Morris, IL in 2024?

Going solar in Mount Morris, IL is approximately $3.98/W in October, 2024.

It will cost you $3,980, on average, for every 1000 watts (1 kW) your solar panels can produce. Typically, the cost of a 5 kW solar installation in Mount Morris, after you deduct 30% federal tax credit, comes to $13,930. To meet your energy requirements, you could need a larger system.

On the left, select your area to find the typical roof size and the maximum production capacity for solar panels on homes in your county. Displayed below is an overview of the price, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Mount Morris: $13,930US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Mount Morris: 10 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Mount Morris: $7,513US Average: $15,784

Solar Potential in Mount Morris

Estimated system size and solar electricity production per median viable roof in
Mount Morris.

Roof size 1,001sq. ft.
Capacity 14kW DC
Electricity 14.5kkWh AC per yr.

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

The average electricity cost for Mount Morris consumers is $114.22 per month, with a usage of 601 kWh. Small homes, such as micro-apartments, are also covered in the figures mentioned in the previous sentence.

For October 2024, Mount Morris, IL's average electricity rate is 18.99¢ per kWh.

To account for all of their energy consumption requirements of a typical user in Mount Morris, a solar power system of 5 kW or more is needed. The price of aa 5 kW solar setup comes to $19,900 initially, but with the 30% federal tax credit, the total cost drops to $13,930.

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Average solar panel costs by system size in Mount Morris

On the left side, you'll see a full pricing details of the various sizes of solar panel systems set up in Mount Morris. Although a bigger solar installation carries a larger expense, it also provides greater electricity savings and more substantial income tax credits.

In the solar panel cost calculator found down and to the right, you can examine a cost and benefit breakdown to match an average $114.22electric bill in Mount Morris. To obtain tailored results, adjust the $114.22 to match your usual electricity payment.

System Size 1kW
Roof Size Min. space required
72 ft²
Electricity Value Annual Production $281 a year
Est. Price
$2,786
Savings from a 1kWthis system
  • Est. yearly production 1,480 kWh
  • Est. monthly savings $23
  • Full payback in 2 years
Environmental Impacts
  • Reduces CO2 emissions by 0.47 tons a year
  • Equivalent to planting 22 trees a year
  • Equivalent to driving 1,172 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $562 a year
Est. Price
$5,572
Savings from a 2kWthis system
  • Est. yearly production 2,960 kWh
  • Est. monthly savings $47
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 0.95 tons a year
  • Equivalent to planting 43 trees a year
  • Equivalent to driving 2,343 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $844 a year
Est. Price
$8,358
Savings from a 3kWthis system
  • Est. yearly production 4,440 kWh
  • Est. monthly savings $70
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 1.42 tons a year
  • Equivalent to planting 65 trees a year
  • Equivalent to driving 3,515 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,125 a year
Est. Price
$11,144
Savings from a 4kWthis system
  • Est. yearly production 5,920 kWh
  • Est. monthly savings $94
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 1.89 tons a year
  • Equivalent to planting 87 trees a year
  • Equivalent to driving 4,687 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,406 a year
Est. Price
$13,930
Savings from a 5kWthis system
  • Est. yearly production 7,400 kWh
  • Est. monthly savings $114
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 2.3 tons a year
  • Equivalent to planting 106 trees a year
  • Equivalent to driving 5,700 mi less a year

Mount Morris Solar Panel Installation Incentives & Rebates | 2024

Between 80% and 100% of your solar energy or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. Wondering if you fit this category? Check your eligibility with our REAP Grant eligibility tool.

When it comes to residential solar, the majority of people qualify for the 30% federal income tax credit, making solar a practical option across most regions of the nation. A range of state and local incentives are in place to promote the use of solar energy.

There are 7 solar rebate and incentive programs currently available in Illinois by various utilities and government agencies.

Illinois Clean Energy Community Foundation Grants

Value:Varies

Commonwealth Edison funds the Illinois Clean Energy Community Foundation (ICECF). The foundation supports private investment in renewable energy for Illinois through a variety of grant initiatives targeted at communities and schools. Eligible projects for a grant include solar, wind, and biomass installations interconnected to the grid. One initiative funding wind power for schools also supports related educational programs. Additional information is available through the ICECF website.

Net Metering

Value:Varies

Renewable energy and distributed generation customers in Illinois may enter net metering or "dual metering" arrangements with their utility. By using their generation system, customers generate renewable energy credits. By law, they hold ownership of the RECs they generate, but they may choose to sell them to the utility upon signing a net metering contract. Dual metering is for property types in a "competitive class". Utilities should install a dual-channel meter to measure net excess generation (NEG) sent back to the grid. The customer will receive a bill credit for monthly NEG at a variable rate. Net metering operates in a similar fashion, but uses a single bidirectional meter and is designed for residential and certain commercial properties (these are "non-competitive classes".) Additional information is available from the Illinois Department of Energy.

Interconnection Standards

Value:Varies

Illinois has adopted various state standards for distributed generation and interconnection using systems rated for less than 10 MW. Regulations are amended and enforced by the Illinois Commerce Commission (ICC). Each connected generation system is sorted into one of four tiers based on capacity. Which tier a system falls into determines engineering standards, permit processes, and the minimum liability insurance coverage that the system's owner must carry. Distributed generation for systems over 10 MW is also standardized under a different set of rules. Additional information is available from the ICC website.

Renewable Portfolio Standard

Value:Varies

The Illinois legislature enacted the state's first renewable portfolio standard in 2007 and established the Illinois Power Agency for its enforcement. The current standard requires 25% of the state's renewable energy to come from renewable sources by 2026, with 6% coming from solar installations, 75% from wind turbines, and 1% from distributed generation systems. Compliance is measured using a renewable energy credit (REC) system pegging electric capacity to an adjusted dollar value. Utilities in the state must obtain these credits through their own generation activities or by purchasing them from distributed generation customers.

Energy Efficiency in State Government

Value:Varies

New government buildings or renovation projects in Illinois should comply with certain green building standards. Any new occupied state building or renovation affecting a maximum of 10,000 square feet should meet the highest feasible LEED standard, though the state does not need to apply for formal LEED certification. New buildings or renovation projects over 10,000 square feet must meet LEED Silver standards and apply for formal certification. A project may be exempt if costs toward meeting green building standards exceed benefits. Historic buildings may carry an exemption by default if improvements would negatively affect their aesthetics or status. Additional information is available from the Illinois Department of Commerce website.

Illinois Municipal Electric Agency - Electric Efficiency Program

Value:Varies

Residential, commercial, and wholesale customers of the Illinois Municipal Electric Agency may be eligible for a variety of financial incentives on energy efficiency equipment and projects. Eligible items and services will change from time to time. Current programs include rebate offers on HVAC, lighting, motors, and generation equipment. For each of these projects, the rebate amount averages at 7 cents per saved kilowatt hour for the first year of the improvements' deployment. The application process involves project reviews. Customers should submit copies of the city permits they have obtained for their proposed projects. To ensure accountability, IMEA requires the submission of receipts and a final inspection upon completion of the project. Additional information is available from the IMEA website.

Solar Renewable Energy Credits

Value:Varies

The Illinois Power Agency is a legislative organization that aids several private electrical utilities (Commonwealth Edison and Ameren, specifically) in purchasing renewable energy credits, including credits designated exclusively for solar energy. To meet renewable portfolio standards, the IPA acts as a diplomatic middleman to create purchasing agreements between utilities. As IPA both designs and operates procurement programs using a variety of tracking systems, customers participating in arrangements such as net metering may interface directly with the IPA. Additional information is available from the agency website.

Are solar panels worth it in Illinois?

For those looking to stay in their home past the solar system's payback period, solar panels are a wise investment in Mount Morris. Having a 5 kW solar system in Mount Morris, IL can potentially save you roughly $13,482.8 over a span of 20 years, with an average break even point of 10 years.

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

Opting not to install solar panels or a separate backup energy solution results in you missing out on the savings mentioned earlier and leaves you fully reliant on your electric utility for electricity. Recent news has demonstrated that complete dependence on your utility company is not always ideal.

In recent times, customers in Mount Morris have encountered an average of 0.59 outages per year. On average, each outage lasts for 48.99 minutes. Major events like lightning strikes, overloaded power grids, or wildlife damage can considerably extend these durations.

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

Power Outages

Currently, 0 customers are being tracked in Ogle County.

Learn more

Customers Out:

0

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

Your Energy Needs - The cost per watt is lower with larger solar panel systems, even though the initial cost is higher. Consumers often realize that setting up a solar system to replace their electric bill is a beneficial decision, resulting in the most savings.

Make & Model - There are a variety of makes and models of solar panels and mounting equipment. The potential system preferences of your chosen contractor make it crucial to choose a reputable company. Buyers who choose high-quality materials generally enjoy a better long-term experience.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. They are pricier but generate more energy. Many professionals in solar installation use panels crafted from this material.

Your Property - Uneven ground, trees, or other obstructions can make the installation process more challenging. Nowadays, the many solar installers can evaluate your home with satellite images and incorporate these factors in the first cost estimate.

Labor Rates - The different wages that companies give their employees lead to costs that are ultimately borne by consumers. Reviews for work and customer service are often higher for companies that pay higher wages.

Permitting & Interconnection - Regional differences in permitting and utility interconnection fees will influence your installation cost. Good installers will factor these costs into your initial quotes to prevent unexpected expenses.

See what solar panels cost in other IL cities

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Who are the best solar installers in Mount Morris?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Solar SME Inc.

Duncanville, TX(832) 626-2337

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

YellowLite

Cleveland, OH(877) 743-8757

Services

  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Auditing of energy requirements for independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Reparation of solar arrays.
  • Installation of solar arrays.

SunVest Solar

Pewaukee, WI(262) 547-1200

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Plug PV

Albany, NY(518) 948-5316

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.

SunPro Solar

Mandeville, LA(866) 599-3643

Services

  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of batteries for energy storage.
  • Consulting on all things solar related.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of solar arrays.

RISE Power

Richardson, TX(855) 747-3769

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Consulting on all things solar related.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Eagle Point Solar

Dubuque, IA(563) 582-4044

Services

  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Tick Tock Energy

Effingham, IL(217) 994-9020

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

AES Solar

Carterville, IL(618) 988-0888

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Sunnova Energy

Houston, TX(866) 786-6682

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Solar systems for selling electricity back to the grid.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Soltage

Jersey City, NJ(201) 432-1786

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Engie North America

Houston, TX(713) 636-0000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

LightEdison

Denver, CO(888) 966-6377

Services

  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Empire Solar Group

Salt Lake City, UT(800) 467-4562

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Badass Energy

Claremont, CA(909) 320-9860

Services

  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

Mount Morris, IL Solar Panel Cost FAQs

  • As recorded in October, 2024, the standard cost for solar panel installations in Mount Morris, IL is $3.98/W. After federal tax credits, the installation of a 5 kW solar panel system in Mount Morris, IL is estimated to cost $13,930.

  • Right now, Illinois has 7 rebates and incentives available through a variety of utility companies and government entities. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Choosing to pay cash provides the most savings, but today there are many financing options for solar panels that are also cost-effective. Initial quotes from installers will frequently include information about available financing options.

  • Yes, solar panels systems of 5 kW in Mount Morris, IL typically have a payback period of 10years, with expected savings on electricity costs of $13,482.8 over 20 years.
King Manalo
Last Reviewed By: King Manalo
Published: 2024-10-01