Solar Panel Cost Guide in Bargersville, IN (2023 Update)
- Bargersville Solar Installation Cost: $16,415
- 25-Year Savings: $26,541
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Bargersville
We break down average solar pricing in Bargersville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bargersville, the average cost of solar panels is 2.68 per watt. The average solar panel system size in Bargersville is around 8.8 kilowatts, meaning a cost of about $16,415 for a solar installation, or $23,473 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what company you go with. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Bargersville can save around $19,000 on their electricity bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Bargersville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,697 |
| 3 years | $-11,260 |
| 5 years | $-7,824 |
| 7 years | $-4,387 |
| 9 years | $-951 |
| 11 years | $2,486 |
| 13 years | $5,922 |
| 15 years | $9,359 |
| 17 years | $12,795 |
| 19 years | $16,232 |
| 21 years | $19,668 |
| 23 years | $23,105 |
| 25 years | $26,541 |
Top Solar Installers in Bargersville
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be hard. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers in Bargersville:
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 Bargersville
Factors that Affect Solar Panel Costs in Bargersville
The cost of installing a solar system in Bargersville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,680 per kilowatt in Bargersville. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Bargersville, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Bargersville to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. When considering 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 lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies operating in Bargersville, and each can charge varying amounts for labor and 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 come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also fit into 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 | $2.79 | $11,706 | $17,734 | 9.9 years |
| 8 kW | $2.73 | $15,308 | $23,945 | 9.7 years |
| 10 kW | $2.68 | $18,760 | $30,307 | 9.6 years |
| 12 kW | $2.63 | $22,062 | $36,818 | 9.4 years |
| 14 kW | $2.57 | $25,213 | $43,480 | 9.2 years |
| 16 kW | $2.52 | $28,215 | $50,292 | 9.0 years |
| 18 kW | $2.47 | $31,067 | $57,254 | 8.8 years |
| 20 kW | $2.41 | $33,768 | $64,365 | 8.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably impacts 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:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion 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 Bargersville, IN Solar Cost FAQs
How much does it cost to install solar panels in Bargersville?
The average cost of solar panels in Bargersville is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Bargersville?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Bargersville?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.