Solar Panel Cost Guide in Batesville, IN (2023 Update)
- Batesville Solar Installation Cost: $16,291
- 25-Year Savings: $27,039
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Batesville
Let's take a look at the average cost of solar panels in Batesville.
Although the national average of solar panels is $2.66 per watt, solar panels in Batesville generally cost about 2.68. Using this figure, a typical 8.7-kW system would cost about $16,284 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Batesville can save around $19,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Batesville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,966 |
| 3 years | $-12,314 |
| 5 years | $-9,663 |
| 7 years | $-7,012 |
| 9 years | $-4,361 |
| 11 years | $-1,710 |
| 13 years | $942 |
| 15 years | $3,593 |
| 17 years | $6,244 |
| 19 years | $8,895 |
| 21 years | $11,546 |
| 23 years | $14,198 |
| 25 years | $16,849 |
Top Solar Installers in Batesville
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make your swap to solar power much easier. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
There are several licensed solar professionals that can help you install your solar system. 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
Cost is usually 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 Batesville: 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
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 consumes, the larger your system will likely need to be. You can expect to spend about $2,680 per kilowatt in Batesville. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Batesville average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Batesville, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar power. Different companies will bill 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 want 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
Since the kind of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you need plays a role in which installer you should choose, since different companies provide different panels.
- Warranty: If you're worried about the longevity of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire 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
What is the average cost of installing solar panels in Batesville?
This is a tough question to answer exactly, 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Batesville?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside 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 way to go if you want to maximize your savings.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Batesville is currently $174,600, which means you could be looking at a value of about $7,159 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Batesville is a worthwhile investment.
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 uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.