Solar Panel Cost Guide in Bremen, IN (2024 Update)
- Bremen Solar Installation Cost: $25,827
- 25-Year Savings: $25,812
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Bremen
We go over average solar pricing in Bremen.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bremen, the average cost of a solar system is 4 per watt.The average Bremen homeowner needs a 9.0-kilowatt system, which would cost about $25,827 with the federal tax credit, or $36,933 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary based on several factors, such as what size system you need, your energy consumption and what company you go with.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Bremen can save around $18,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Bremen that can help you get a more accurate cost estimate for your home.
Solar savings over time in Bremen
| Year | Return on Investment |
|---|---|
| 1 years | $-24,209 |
| 3 years | $-20,974 |
| 5 years | $-17,739 |
| 7 years | $-14,505 |
| 9 years | $-11,270 |
| 11 years | $-8,035 |
| 13 years | $-4,800 |
| 15 years | $-1,565 |
| 17 years | $1,670 |
| 19 years | $4,905 |
| 21 years | $8,139 |
| 23 years | $11,374 |
| 25 years | $14,609 |
Top Solar Installers in Bremen
When switching to solar energy, many homeowners opt to use a solar installer since DIY solar panel installation can be a challenging project. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Bremen
Factors that Affect Solar Panel Costs in Bremen
For many Bremen homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Bremen, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,100.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Bremen, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Bremen homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your total costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Bremen is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that offer a range of services at different costs.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $10,557 | 15.7 years |
| 8 kW | $4.18 | $23,419 | $14,536 | 15.4 years |
| 10 kW | $4.10 | $28,700 | $18,744 | 15.1 years |
| 12 kW | $4.02 | $33,751 | $23,181 | 14.8 years |
| 14 kW | $3.94 | $38,573 | $27,848 | 14.5 years |
| 16 kW | $3.85 | $43,165 | $32,745 | 14.2 years |
| 18 kW | $3.77 | $47,527 | $37,872 | 13.9 years |
| 20 kW | $3.69 | $51,660 | $43,228 | 13.6 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you want a specific brand, make sure the solar company you’re considering has it.
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 Bremen, IN Solar Cost FAQs
What is the average cost of installing solar panels in Bremen?
The average cost of solar panels in Bremen is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Bremen?
Leasing solar panels can be an appealing choice, because it usually 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Does Bremen have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 install between 20 and 35 panels to account for 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.