Solar Panel Cost Guide in Connersville, IN (Mar 2023)
- Connersville Solar Installation Cost: $16,490
- 25-Year Savings: $25,137
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Connersville
Find out what the average cost of solar panel installation is in Connersville.
Although the national average of solar panels is $2.66 per watt, solar panels in Connersville typically cost around 2.68. Because a 8.8-kW system is needed to cover the energy consumption of a typical home in Connersville, the average price of going solar will be about $16,490 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you choose, your solar contractor and more. But, after you've paid the upfront cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Connersville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,825 |
| 3 years | $-11,495 |
| 5 years | $-8,165 |
| 7 years | $-4,835 |
| 9 years | $-1,504 |
| 11 years | $1,826 |
| 13 years | $5,156 |
| 15 years | $8,486 |
| 17 years | $11,816 |
| 19 years | $15,146 |
| 21 years | $18,476 |
| 23 years | $21,807 |
| 25 years | $25,137 |
Top Solar Installers in Connersville
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be challenging. In addition, if you'd like to maximize your investment in solar power, using a solar company can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 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 depends on 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
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,680. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Connersville homeowners decide to finance their solar panel systems to offset upfront costs. Even though solar loans make adopting solar energy more accessible for Connersville 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
The solar installer you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Connersville, and each can charge different amounts for labor and equipment. Additionally, some companies in Connersville 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 that service. Even if they cost more upfront, they could help you save 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 | $2.79 | $11,706 | $16,716 | 10.3 years |
| 8 kW | $2.73 | $15,308 | $22,588 | 10.1 years |
| 10 kW | $2.68 | $18,760 | $28,610 | 9.9 years |
| 12 kW | $2.63 | $22,062 | $34,782 | 9.7 years |
| 14 kW | $2.57 | $25,213 | $41,104 | 9.5 years |
| 16 kW | $2.52 | $28,215 | $47,577 | 9.3 years |
| 18 kW | $2.47 | $31,067 | $54,199 | 9.1 years |
| 20 kW | $2.41 | $33,768 | $60,972 | 8.9 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:
- Reputation: Your solar installer should have a good reputation as a company and have proven 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 good reviews from previous customers.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- 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.
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 Connersville, IN Solar Cost FAQs
What is the average cost of installing solar panels in Connersville?
The average cost of solar panels in Connersville 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Connersville?
Solar panels aren't free in Connersville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Connersville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.