Solar Panel Cost Guide in Beech Grove, IN (2024 Update)
- Beech Grove Solar Installation Cost: $25,383
- 25-Year Savings: $19,677
- Payback Period: 17.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Beech Grove
Find out what the average cost of solar panel installation is in Beech Grove.
The national average cost of solar panels is $2.66 per watt, but in Beech Grove it’s 4 per watt.Because a 8.8-kW system is needed to cover the energy usage of a typical home in Beech Grove, the average price of going solar will be about $25,383 after claiming the federal solar tax credit of 0.
The true cost of your system can be above or below the average in Beech Grove depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.Despite the large upfront cost, the average Beech Grove homeowner can save about $16,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar company in Beech Grove that can help you get a more accurate cost estimate for your home.
Solar savings over time in Beech Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-24,098 |
| 3 years | $-21,529 |
| 5 years | $-18,959 |
| 7 years | $-16,389 |
| 9 years | $-13,820 |
| 11 years | $-11,250 |
| 13 years | $-8,680 |
| 15 years | $-6,111 |
| 17 years | $-3,541 |
| 19 years | $-972 |
| 21 years | $1,598 |
| 23 years | $4,168 |
| 25 years | $6,737 |
Top Solar Installers in Beech Grove
When going solar, many homeowners prefer to go with a solar installation company since installing a solar system yourself can be a challenging project. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Beech Grove
Factors that Affect Solar Panel Costs in Beech Grove
For many Beech Grove homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Beech Grove, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $4,100. There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, 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 an affordable route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s vital to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to adopt solar energy. 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 decide on the company that offers 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 | $6,696 | 18.2 years |
| 8 kW | $4.18 | $23,419 | $9,388 | 17.8 years |
| 10 kW | $4.10 | $28,700 | $12,309 | 17.5 years |
| 12 kW | $4.02 | $33,751 | $15,459 | 17.1 years |
| 14 kW | $3.94 | $38,573 | $18,839 | 16.8 years |
| 16 kW | $3.85 | $43,165 | $22,449 | 16.4 years |
| 18 kW | $3.77 | $47,527 | $26,288 | 16.1 years |
| 20 kW | $3.69 | $51,660 | $30,357 | 15.7 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer’s reputation is by reading reviews.
- 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 big role in the company you go with.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Beech Grove, IN Solar Cost FAQs
How much does it cost to install solar panels in Beech Grove?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $20,500 for a 5-kW system and $41,000 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 above-average energy needs. On the flip side, 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 Beech Grove?
Solar panels aren’t free in Beech Grove, 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 you can take advantage of.
Is it worth going solar in Beech Grove?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size 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 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.