Solar Panels in
Mchenry, IL

Updated 9/18/2021

How much do solar panels cost in Mchenry, IL in 2021?

As of September 2021, the average solar panel cost in Mchenry, IL is $3.09/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Mchenry, IL ranges in cost from $13,132 to $17,768, with the average gross price for solar in Mchenry, IL coming in at $15,450. After accounting for the 26% Federal Investment Tax Credit (ITC) and other state and local solar incentives, the net price you'll pay for solar can fall by thousands of dollars.

Importantly, these costs are typical for solar shoppers comparing solar quotes on the EnergySage Marketplace. When you compare quotes for solar panels on EnergySage's competitive solar marketplace, you can expect to see prices up to 20% lower than working with a single solar company.

Average solar panel cost by system size in Mchenry, IL

System Size System Cost System Cost (after ITC)
3 kW $9,270 $6,860
4 kW $12,360 $9,146
5 kW $15,450 $11,433
6 kW $18,540 $13,720
7 kW $21,630 $16,006
8 kW $24,720 $18,293
9 kW $27,810 $20,579
10 kW $30,900 $22,866

2021 average solar panel cost graph in Mchenry, IL

for a 5kW system

Great Price
$13,132 or less
Market Average
$15,450
Above Market
$17,768 or more

Solar installation costs do not include the 26% Federal Investment Tax Credit or local incentives. Learn more about local IL incentives, tax credits & rebates.

Payback Period

8.73 Years

20-Year Savings

$18,728

Cost per Watt

$3.09

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