The cost of solar panels in Morgan County, IL

Updated Jan 18, 2024

  • You'll pay an average of $15,227 to install a 5 kilowatt solar panel system in Morgan County, IL, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

  • With EnergySage's competitive marketplace, you can expect to see prices up to 20% lower than if you work with a single company.

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Written by: Emily Walker

As of February 2024, the average solar panel system costs $3.05/W including installation in Morgan County, IL. For a 5 kW installation, this comes out to about $15,227 before incentives, though prices range from $12,943 to $17,511. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in Morgan County, IL

Good Price
$12,943 or less
Market Average
$15,227
High Price
$17,511 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or Morgan County, IL state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $15,227 in Morgan County, IL, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in Morgan County, IL

System Size
System Cost
System Cost (after ITC)
3 kW$9,136$6,395
4 kW$12,181$8,527
5 kW$15,227$10,659
6 kW$18,272$12,790
7 kW$21,317$14,922
8 kW$24,363$17,054
9 kW$27,408$19,186
10 kW$30,454$21,317

Are solar panels worth it in Morgan County, IL?

Solar panels are worth it in most areas, including Morgan County, IL. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $54,266 over 20 years on electricity costs with a 5 kW system in Morgan County, IL. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

Payback Period
4.64 Years
20-Year Savings
$54,266
Cost-per-Watt
$3.05

If you can't shell out $15,227 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in IL, here are some popular suggestions:

  • SunSent Solar
    Decatur, IL
    Elite Installer
    • Production Guarantee

    • 30 year Warranty

    • Excellent Panel Rating

    • We're a local family owned business

    • We carry b...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    37 Reviews

    • Production Guarantee

    • 30 year Warranty

    • Excellent Panel Rating

    • We're a local family owned business

    • We carry b...
  • Solar Energy Consultant - Eequals
    Springfield, IL
    Established 2014
    Elite Installer
    With an unmatched 60-day INSTALLATION GUARANTEE, up to a 30 Warranty, and a 25-year Manufacture PRODUCTION GUARA...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    7 Reviews

    With an unmatched 60-day INSTALLATION GUARANTEE, up to a 30 Warranty, and a 25-year Manufacture PRODUCTION GUARA...
  • Windfree Solar
    Chicago, IL
    Established 2009
    Elite Installer
    Windfree Solar is the answer if you are looking for solar expertise and individual care. We are the company that ...
    Elite Installer
    Screened & Verified
    4.5 /5.0
    26 Reviews

    Windfree Solar is the answer if you are looking for solar expertise and individual care. We are the company that ...
  • SunPower
    Multi-state
    Established 1985
    Advanced Installer
    SunPower is the number one rated solar company, and with over 37 years of dedicated solar experience, we're the o...
    Advanced Installer
    Screened & Verified

    SunPower is the number one rated solar company, and with over 37 years of dedicated solar experience, we're the o...
  • Green Home Systems
    Springfield, IL
    Established 1986
    Approved Installer
    Operating in 20 states across the country with a network of over 1000 licensed installers, Green Home Systems has...
    Approved Installer
    Screened & Verified
    4.5 /5.0
    31 Reviews

    Operating in 20 states across the country with a network of over 1000 licensed installers, Green Home Systems has...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in Morgan County, IL.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in Morgan County, IL. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

See what solar costs in IL cities and towns

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