Solar Panel Cost Guide in Boonville, IN (2025 Update)
- Boonville Solar Installation Cost: $24,445
- 25-Year Savings: $30,801
- Payback Period: 13.1 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 Boonville
We go over average solar pricing in Boonville.
Although the national average of solar panels is $2.66 per watt, solar panels in Boonville generally cost about 4.To cover the typical energy usage of the average home in Boonville, most homeowners require a 8.5-kilowatt system. Using the figure above, a solar installation costs around $24,445, or $34,956 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Boonville homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $21,000 on energy bills over 20 years, many homeowners in Boonville find installing solar panels can be quite rewarding.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Boonville
| Year | Return on Investment |
|---|---|
| 1 years | $-22,663 |
| 3 years | $-19,099 |
| 5 years | $-15,535 |
| 7 years | $-11,971 |
| 9 years | $-8,407 |
| 11 years | $-4,844 |
| 13 years | $-1,280 |
| 15 years | $2,284 |
| 17 years | $5,848 |
| 19 years | $9,412 |
| 21 years | $12,975 |
| 23 years | $16,539 |
| 25 years | $20,103 |
Top Solar Installers in Boonville
Although it's possible to install solar panels on your own, it involves extra labor and knowledge. That's why most people choose to go with a solar panel installer. Another great thing about going with a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Boonville
Factors that Affect Solar Panel Costs in Boonville
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you get 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Boonville, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.Even though solar loans make going solar more accessible for Boonville homeowners, they can also raise 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Boonville, and each can charge varying amounts for labor and equipment.Additionally, some companies in Boonville have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $15,045 | 13.6 years |
| 8 kW | $4.18 | $23,419 | $20,519 | 13.3 years |
| 10 kW | $4.10 | $28,700 | $26,223 | 13.1 years |
| 12 kW | $4.02 | $33,751 | $32,156 | 12.8 years |
| 14 kW | $3.94 | $38,573 | $38,319 | 12.5 years |
| 16 kW | $3.85 | $43,165 | $44,711 | 12.3 years |
| 18 kW | $3.77 | $47,527 | $51,334 | 12.0 years |
| 20 kW | $3.69 | $51,660 | $58,185 | 11.8 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly 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: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
EcoWatch's Boonville, IN Solar Cost FAQs
How much does it cost to install solar panels in Boonville?
The average cost of solar panels in Boonville is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than 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.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Boonville, 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 check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.