Solar Panel Cost Guide in Clinton, IN (2024 Update)
- Clinton Solar Installation Cost: $25,118
- 25-Year Savings: $22,095
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Clinton
We break down average solar pricing in Clinton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Clinton, the average cost of a solar system is 4 per watt.The average Clinton homeowner needs a 8.8-kilowatt system, which would cost about $25,118 with the federal tax credit, or $35,919 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar system you want to get, your solar contractor and more.For many homeowners, the upfront investment in solar is worth paying. On average Clinton homeowners see about $17,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Clinton for a quote for your home.
Solar savings over time in Clinton
Year | Return on Investment |
---|---|
1 years | $-23,792 |
3 years | $-21,141 |
5 years | $-18,490 |
7 years | $-15,838 |
9 years | $-13,187 |
11 years | $-10,536 |
13 years | $-7,885 |
15 years | $-5,234 |
17 years | $-2,582 |
19 years | $69 |
21 years | $2,720 |
23 years | $5,371 |
25 years | $8,022 |
Top Solar Installers in Clinton
Although it's possible to install solar panels yourself, it involves extra time and know-how. For that reason, most people choose to hire a solar panel installer. The expertise that solar companies provide can be useful as well, particularly if you don’t quite know what brand of solar equipment you need.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Clinton
Factors that Affect Solar Panel Costs in Clinton
There are several factors that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,100.The kind of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Clinton, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Clinton is the company you get to install your solar system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Clinton 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 end up saving you 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 | $8,495 | 17.0 years |
8 kW | $4.18 | $23,419 | $11,786 | 16.6 years |
10 kW | $4.10 | $28,700 | $15,306 | 16.3 years |
12 kW | $4.02 | $33,751 | $19,056 | 16.0 years |
14 kW | $3.94 | $38,573 | $23,036 | 15.7 years |
16 kW | $3.85 | $43,165 | $27,245 | 15.3 years |
18 kW | $3.77 | $47,527 | $31,684 | 15.0 years |
20 kW | $3.69 | $51,660 | $36,352 | 14.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you’d like to install plays a role in which company you should opt for, since different companies have access to different panels.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the project completion timeline.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Clinton, IN Solar Cost FAQs
What is the average cost of installing solar panels in Clinton?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Clinton?
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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Clinton have a net metering program?
Each state has some form 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 utility bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.