Solar Panel Cost Guide in Brownsburg, IN (Mar 2023)
- Brownsburg Solar Installation Cost: $16,528
- 25-Year Savings: $23,288
- Payback Period: 10.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Brownsburg
Let's take a look at the average cost of solar in Brownsburg.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Brownsburg, the average cost of a solar system is 2.68 per watt. The average solar panel system size in Brownsburg is around 8.8 kilowatts, meaning a cost of about $16,528 for a solar installation, or $23,635 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of solar system you want, your solar contractor and more. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Brownsburg find going solar can pay off big.
To receive a free quote from a highly rated solar installer in Brownsburg, you can click the button below.
Solar savings over time in Brownsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-14,935 |
| 3 years | $-11,750 |
| 5 years | $-8,565 |
| 7 years | $-5,379 |
| 9 years | $-2,194 |
| 11 years | $991 |
| 13 years | $4,176 |
| 15 years | $7,362 |
| 17 years | $10,547 |
| 19 years | $13,732 |
| 21 years | $16,917 |
| 23 years | $20,102 |
| 25 years | $23,288 |
Top Solar Installers in Brownsburg
Many homeowners opt for a solar installation company since trying to put up solar panels yourself can be hard. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our recommendations for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Brownsburg
Factors that Affect Solar Panel Costs in Brownsburg
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Brownsburg: 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
When it comes to estimating the cost of a solar energy system in Brownsburg, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by around $2,680 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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, more efficient panels could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Brownsburg average.
Solar Financing Terms
Most solar installers in Brownsburg offer solar loans, which reduce the initial cost of installing solar panels. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Brownsburg, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with 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 | $2.79 | $11,706 | $15,417 | 10.8 years |
| 8 kW | $2.73 | $15,308 | $20,856 | 10.6 years |
| 10 kW | $2.68 | $18,760 | $26,445 | 10.4 years |
| 12 kW | $2.63 | $22,062 | $32,185 | 10.2 years |
| 14 kW | $2.57 | $25,213 | $38,074 | 10.0 years |
| 16 kW | $2.52 | $28,215 | $44,113 | 9.8 years |
| 18 kW | $2.47 | $31,067 | $50,303 | 9.5 years |
| 20 kW | $2.41 | $33,768 | $56,643 | 9.3 years |
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 find the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- 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 installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Brownsburg, IN Solar Cost FAQs
How much does it cost to install solar panels in Brownsburg?
The average cost of solar panels in Brownsburg 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 like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Brownsburg?
Leasing solar panels can be an appealing 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 option if you want to maximize your savings.
Do solar panels increase how much your home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power 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 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.