Solar Panel Cost Guide in Avon, IN (2023 Update)
- Avon Solar Installation Cost: $16,523
- 25-Year Savings: $22,265
- Payback Period: 10.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Avon
See how much it might cost to install solar panels in Avon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Avon, the typical cost of solar panels is 2.68 per watt. Using this figure, a typical 8.8-kW system would cost about $16,528 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Avon based on a few factors, such as the model of solar panels you choose and the solar company you hire. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Avon see about $17,000 in savings on electricity bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Avon
| Year | Return on Investment |
|---|---|
| 1 years | $-15,222 |
| 3 years | $-12,620 |
| 5 years | $-10,017 |
| 7 years | $-7,415 |
| 9 years | $-4,813 |
| 11 years | $-2,211 |
| 13 years | $392 |
| 15 years | $2,994 |
| 17 years | $5,596 |
| 19 years | $8,198 |
| 21 years | $10,801 |
| 23 years | $13,403 |
| 25 years | $16,005 |
Top Solar Installers in Avon
Many homeowners choose to use a solar panel installer since figuring out how to install solar panels yourself can be time-consuming. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Avon
Factors that Affect Solar Panel Costs in Avon
There are a number of criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,680 per kilowatt in Avon. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Avon to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect your pricing. Avon's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.79 | $11,706 | $14,717 | 11.1 years |
| 8 kW | $2.73 | $15,308 | $19,923 | 10.9 years |
| 10 kW | $2.68 | $18,760 | $25,279 | 10.6 years |
| 12 kW | $2.63 | $22,062 | $30,785 | 10.4 years |
| 14 kW | $2.57 | $25,213 | $36,441 | 10.2 years |
| 16 kW | $2.52 | $28,215 | $42,247 | 10.0 years |
| 18 kW | $2.47 | $31,067 | $48,204 | 9.8 years |
| 20 kW | $2.41 | $33,768 | $54,310 | 9.6 years |
How to Save on Solar Panels
There are many companies to choose from in Avon, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: The model of solar panel you need to get plays a role in which company you should opt for, since different companies provide different panels.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Avon, IN Solar Cost FAQs
How much does it cost to install solar panels in Avon?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Avon?
You can't get solar panels for free in Avon. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.