Solar Panel Cost Guide in Connersville, IN (2025 Update)
- Connersville Solar Installation Cost: $25,220
- 25-Year Savings: $25,141
- Payback Period: 15.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Connersville
Find out what the average cost of installing solar panels is in Connersville.
The average cost of a solar panel system in Connersville is 4 per watt.Since a 8.8-kW system is needed to cover the energy costs of a typical home in Connersville, the average price of going solar will be about $25,220 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar panels you choose, your solar contractor and more.But, after you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
To get a free estimate from a highly rated solar company in Connersville, you can click the button below.
Solar savings over time in Connersville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,895 |
| 3 years | $-21,243 |
| 5 years | $-18,592 |
| 7 years | $-15,941 |
| 9 years | $-13,290 |
| 11 years | $-10,639 |
| 13 years | $-7,987 |
| 15 years | $-5,336 |
| 17 years | $-2,685 |
| 19 years | $-34 |
| 21 years | $2,618 |
| 23 years | $5,269 |
| 25 years | $7,920 |
Top Solar Installers in Connersville
Trying to install solar panels on your own can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Connersville
Factors that Affect Solar Panel Costs in Connersville
The cost of installing a solar system in Connersville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $4,100 per kilowatt in Connersville.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this 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 Connersville homeowners opt to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s crucial to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Connersville is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets.The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $10,513 | 15.8 years |
| 8 kW | $4.18 | $23,419 | $14,477 | 15.4 years |
| 10 kW | $4.10 | $28,700 | $18,670 | 15.1 years |
| 12 kW | $4.02 | $33,751 | $23,093 | 14.8 years |
| 14 kW | $3.94 | $38,573 | $27,745 | 14.5 years |
| 16 kW | $3.85 | $43,165 | $32,627 | 14.2 years |
| 18 kW | $3.77 | $47,527 | $37,739 | 13.9 years |
| 20 kW | $3.69 | $51,660 | $43,080 | 13.6 years |
How to Save on Solar Panels
Since the type 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: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
EcoWatch's Connersville, IN Solar Cost FAQs
How much does it cost to install solar panels in Connersville?
The average cost of solar panels in Connersville 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 such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Connersville?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
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 goes down 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.