Solar Panel Cost Guide in Batesville, IN (2023 Update)
- Batesville Solar Installation Cost: $16,284
- 25-Year Savings: $27,046
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Batesville
Here's how much it might cost to go solar in Batesville.
The national average cost of solar panels is $2.66 per watt, but in Batesville it's 2.68 per watt. To cover the typical energy needs of the average home in Batesville, most homeowners require a 8.7-kilowatt system. Using the figure above, a solar installation costs around $16,284, or $23,286 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary quite a bit based on a few factors, such as what size system you need, your energy consumption and what company you go with. With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Batesville find investing in solar has a decent ROI.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Batesville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,550 |
| 3 years | $-11,084 |
| 5 years | $-7,618 |
| 7 years | $-4,151 |
| 9 years | $-685 |
| 11 years | $2,782 |
| 13 years | $6,248 |
| 15 years | $9,714 |
| 17 years | $13,181 |
| 19 years | $16,647 |
| 21 years | $20,114 |
| 23 years | $23,580 |
| 25 years | $27,046 |
Top Solar Installers in Batesville
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make your switch to solar power much easier. Companies can also provide access to quality options of the best solar panels and help you pick which one will be best for you.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Batesville
Factors that Affect Solar Panel Costs in Batesville
The cost of installing a solar system in Batesville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Batesville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,680 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Batesville homeowners opt to finance their solar panel systems to make going solar more affordable. While solar loans make adopting solar energy more accessible for Batesville homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. 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 go with the company that has 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 | $18,231 | 9.8 years |
| 8 kW | $2.73 | $15,308 | $24,608 | 9.6 years |
| 10 kW | $2.68 | $18,760 | $31,136 | 9.4 years |
| 12 kW | $2.63 | $22,062 | $37,813 | 9.2 years |
| 14 kW | $2.57 | $25,213 | $44,640 | 9.0 years |
| 16 kW | $2.52 | $28,215 | $51,618 | 8.8 years |
| 18 kW | $2.47 | $31,067 | $58,745 | 8.6 years |
| 20 kW | $2.41 | $33,768 | $66,023 | 8.5 years |
How to Save on Solar Panels
There are many companies to choose from in Batesville, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
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 Batesville, IN Solar Cost FAQs
How much does it cost to install solar panels in Batesville?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Batesville?
Solar panels aren't free in Batesville, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Batesville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.