Solar Panel Cost Guide in Brazil, IN (Sep 2022)

  • Brazil Solar Installation Cost: $16,359
  • 25-Year Savings: $29,030
  • Payback Period: 9.0 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Brazil

See how much it might cost to make the switch to solar in Brazil.

The average cost of a solar panel system in Brazil is $3 per watt. To cover the typical energy needs of the average home in Brazil, most homeowners require a 8.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,359, or $12,106 after the federal solar tax credit of 30% is applied.

The actual price you pay can be higher or lower than the average in Brazil based on a few factors, such as the type of solar panels you choose and the solar company you hire. Despite the high upfront cost, the average Brazil homeowner can save around $20,000 on their electricity bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a pre-vetted solar company in Brazil that can help you get a more accurate cost estimate for your home.

Solar savings over time in Brazil

Year Return on Investment
1 years $-14,543
3 years $-10,912
5 years $-7,281
7 years $-3,650
9 years $-19
11 years $3,612
13 years $7,243
15 years $10,874
17 years $14,505
19 years $18,136
21 years $21,767
23 years $25,398
25 years $29,030

Top Solar Installers in Brazil

When making the switch to solar, many homeowners choose to hire a solar installation company since putting up a solar system yourself can be a difficult project. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your family.

If you're on the hunt for a solar installer in Brazil, we've compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Brazil

Factors that Affect Solar Panel Costs in Brazil

Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Brazil: 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 Size

When it comes to estimating the cost of a solar energy system in Brazil, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by about $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 are often more expensive 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 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

For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Brazil, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Brazil is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for example, there's no shortage of solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.

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 $19,510 9.4 years
8 kW $2.73 $15,308 $26,314 9.2 years
10 kW $2.68 $18,760 $33,267 9.0 years
12 kW $2.63 $22,062 $40,371 8.8 years
14 kW $2.57 $25,213 $47,625 8.7 years
16 kW $2.52 $28,215 $55,028 8.5 years
18 kW $2.47 $31,067 $62,582 8.3 years
20 kW $2.41 $33,768 $70,286 8.1 years

Solar Incentives in Brazil

Name Renewable Energy Property Tax Exemption
Website Visit here
More Info Click here

Name WIN Energy REMC - Residential Rebate Program
Website Visit here
More Info Click here

Name Parke County REMC - Energy Efficient Equipment Rebate Program
Website Visit here
More Info Click here

Name Noble REMC - Residential Energy Efficiency Rebate Incentives
Website Visit here
More Info Click here

Name Wabash Valley Power Association (28 Member Cooperatives) - Residential Energy Efficiency Program
Website Visit here
More Info Click here

Name NIPSCO - Feed-In Tariff
Website Visit here
More Info Click here

Name Duke Energy - Residential and Builder Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Solar Panel Brands: Different companies offer various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
  • Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
  • Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Brazil, IN Solar Cost FAQs

What is the average cost of installing solar panels in Brazil?

The average cost of solar panels in Brazil is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind 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 Brazil?

Leasing solar panels can be an appealing choice, because it typically 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Does Brazil have a net metering program?

The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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.

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.

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