Solar Panel Cost Guide in Avon, IN (Feb 2023)
- Avon Solar Installation Cost: $16,528
- 25-Year Savings: $22,260
- Payback Period: 10.6 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Avon
Find out what the average cost of solar panels are in Avon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Avon, the average cost of solar panels is $3 per watt. The average solar panel system size in Avon is around 8.8 kilowatts, meaning a cost of about $16,528 for a solar installation, or $12,231 after the 30% federal solar tax credit is applied.
These figures are just averages, and your own solar costs will most likely look different based on your specific situation and what company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar installer in your area for a customized estimate.
Solar savings over time in Avon
| Year | Return on Investment |
|---|---|
| 1 years | $-14,976 |
| 3 years | $-11,873 |
| 5 years | $-8,770 |
| 7 years | $-5,667 |
| 9 years | $-2,564 |
| 11 years | $539 |
| 13 years | $3,642 |
| 15 years | $6,745 |
| 17 years | $9,848 |
| 19 years | $12,951 |
| 21 years | $16,054 |
| 23 years | $19,157 |
| 25 years | $22,260 |
Top Solar Installers in Avon
Installing solar panels by yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. Plus, if you're unsure what type of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Avon: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. 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
If paying for solar panels in cash is out of reach, solar loans are a solid option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. 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
The solar installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Avon, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel company you're considering has it.
- Installation Process: When making the switch to solar, it's important to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Avon?
Solar panels aren't free in Avon, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is it worth going solar in Avon?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Avon?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.