Solar Panel Cost Guide in Chandler, IN (Mar 2023)
- Chandler Solar Installation Cost: $15,984
- 25-Year Savings: $31,953
- Payback Period: 8.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Chandler
Let's take a look at the average cost of solar panels in Chandler.
The average cost of a solar system in Chandler is 2.68 per watt. To account for the typical energy needs of the average home in Chandler, most homeowners require a 8.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,984, or $22,857 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Chandler homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find going solar is a solid investment. The average homeowner in Chandler can save about $21,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Chandler for a quote for your home.
Solar savings over time in Chandler
| Year | Return on Investment |
|---|---|
| 1 years | $-14,066 |
| 3 years | $-10,231 |
| 5 years | $-6,396 |
| 7 years | $-2,561 |
| 9 years | $1,274 |
| 11 years | $5,109 |
| 13 years | $8,944 |
| 15 years | $12,779 |
| 17 years | $16,614 |
| 19 years | $20,449 |
| 21 years | $24,284 |
| 23 years | $28,119 |
| 25 years | $31,953 |
Top Solar Installers in Chandler
When going solar, many homeowners prefer to hire a solar installer since DIY solar panel installation can be a difficult 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 solar panels could cost for your home. Here are some in Chandler:
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 Chandler
Factors that Affect Solar Panel Costs in Chandler
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,680. There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Chandler, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Chandler, you'll have many options to choose from, but each comes at varying price points for labor and equipment. The company's size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $22,063 | 8.7 years |
| 8 kW | $2.73 | $15,308 | $29,717 | 8.5 years |
| 10 kW | $2.68 | $18,760 | $37,521 | 8.3 years |
| 12 kW | $2.63 | $22,062 | $45,476 | 8.2 years |
| 14 kW | $2.57 | $25,213 | $53,581 | 8.0 years |
| 16 kW | $2.52 | $28,215 | $61,835 | 7.8 years |
| 18 kW | $2.47 | $31,067 | $70,240 | 7.7 years |
| 20 kW | $2.41 | $33,768 | $78,795 | 7.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Chandler, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- 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.
- Installation Process: When making the switch to solar, it's essential to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
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 Chandler, IN Solar Cost FAQs
How much does it cost to install solar panels in Chandler?
The average cost of solar panels in Chandler is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Chandler?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.