Solar Panel Cost Guide in Avon, IN (2024 Update)
- Avon Solar Installation Cost: $25,278
- 25-Year Savings: $7,250
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Avon
We break down average solar pricing in Avon.
While the national average of solar panels is $2.66 per watt, solar panels in Avon generally cost around 4.To account for the typical energy usage of the average home in Avon, most homeowners require a 8.8-kilowatt system. Using the figure above, a solar installation costs about $25,278, or $36,148 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.Even with the large upfront cost, the average Avon homeowner can save about $17,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar company in Avon that can help you get a more accurate cost estimate for your home.
Solar savings over time in Avon
| Year | Return on Investment |
|---|---|
| 1 years | $-23,977 |
| 3 years | $-21,374 |
| 5 years | $-18,772 |
| 7 years | $-16,170 |
| 9 years | $-13,568 |
| 11 years | $-10,965 |
| 13 years | $-8,363 |
| 15 years | $-5,761 |
| 17 years | $-3,159 |
| 19 years | $-556 |
| 21 years | $2,046 |
| 23 years | $4,648 |
| 25 years | $7,250 |
Top Solar Installers in Avon
Putting up solar panels yourself can be a time-consuming undertaking, which is why getting a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over the lifespan of your panels.
Working with a professional solar company 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
For many Avon homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Avon, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $4,100. The type of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Avon provide solar loans, which reduce your upfront costs of installing a solar system.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can influence your pricing. Avon’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and choose a company that provides the products, warranties and services you want and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.26 | $17,909 | $8,515 | 16.9 years |
| 8 kW | $4.18 | $23,419 | $11,812 | 16.6 years |
| 10 kW | $4.10 | $28,700 | $15,339 | 16.3 years |
| 12 kW | $4.02 | $33,751 | $19,096 | 16.0 years |
| 14 kW | $3.94 | $38,573 | $23,082 | 15.6 years |
| 16 kW | $3.85 | $43,165 | $27,298 | 15.3 years |
| 18 kW | $3.77 | $47,527 | $31,743 | 15.0 years |
| 20 kW | $3.69 | $51,660 | $36,418 | 14.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- 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 you can expect about the cost.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
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
What is the average cost of installing solar panels in Avon?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Avon have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.