Solar Panel Cost Guide in Columbia City, IN (Jan 2023)
- Columbia City Solar Installation Cost: $16,828
- 25-Year Savings: $22,945
- Payback Period: 10.6 Years
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Top Solar Installers in Columbia City
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be time-consuming. The expertise that solar installers provide can be valuable as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
If you're looking for a solar installer in Columbia City, the EcoWatch team has compiled a list of our top suggestions here:
See all of the solar companies in Columbia City
Factors that Affect Solar Panel Costs in Columbia City
The cost of installing a solar system in Columbia City can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $2,680 per kilowatt in Columbia City. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Columbia City average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Columbia City, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. Though solar loans make switching to solar energy more accessible for Columbia City homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can affect how much you pay. Columbia City's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car 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||$2.79||$11,706||$14,900||11.0 years|
|8 kW||$2.73||$15,308||$20,166||10.8 years|
|10 kW||$2.68||$18,760||$25,583||10.6 years|
|12 kW||$2.63||$22,062||$31,150||10.4 years|
|14 kW||$2.57||$25,213||$36,867||10.2 years|
|16 kW||$2.52||$28,215||$42,734||9.9 years|
|18 kW||$2.47||$31,067||$48,751||9.7 years|
|20 kW||$2.41||$33,768||$54,918||9.5 years|
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you'd like to install plays a part in which company you should opt for, since different companies have access to different panels.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, completion timeline rebates and warranties.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
EcoWatch's Columbia City, IN Solar Cost FAQs
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.