Solar Panel Cost Guide in Crawfordsville, IN (2024 Update)

  • Crawfordsville Solar Installation Cost: $25,347
  • 25-Year Savings: $25,417
  • Payback Period: 15.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 20, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Crawfordsville

Find out what the average cost of solar panels are in Crawfordsville.

In Crawfordsville, solar panels cost about 4 per watt on average.Because a 8.8-kW system is needed to cover the energy consumption of a typical home in Crawfordsville, the average price of going solar will be about $25,347 after claiming the federal solar tax credit of 0.

These figures are just estimates, and the cost of going solar for you may vary based on your specific situation and what company you choose to go with.Even with the significant initial cost, the average Crawfordsville homeowner can save around $18,000 on their energy bills over 20 years, which is one of the benefits of solar.

To get a free quote from a top solar installation company in Crawfordsville, you can click the button below.

Solar savings over time in Crawfordsville

YearReturn on Investment
1 years$-24,021
3 years$-21,370
5 years$-18,719
7 years$-16,067
9 years$-13,416
11 years$-10,765
13 years$-8,114
15 years$-5,463
17 years$-2,811
19 years$-160
21 years$2,491
23 years$5,142
25 years$7,794

Top Solar Installers in Crawfordsville

When making the switch to solar, many homeowners prefer to go with a solar installer since DIY solar panel installation can be a challenging project. In addition, if you’d like to maximize your investment in solar, going with a solar installer 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.

If you’d like to make the switch to solar but still aren’t certain which solar system company to go with, here are our recommendations for providers nearby:

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Crawfordsville

Factors that Affect Solar Panel Costs in Crawfordsville

Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Crawfordsville: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

When it comes to estimating the price of a solar energy system in Crawfordsville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $4,100 for each additional kilowatt you need.The brand and kind 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Crawfordsville, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.Even though solar loans make switching to solar energy more accessible for Crawfordsville homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Crawfordsville, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Crawfordsville know more 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 sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$4.26$17,909$10,61515.7 years
8 kW$4.18$23,419$14,61215.4 years
10 kW$4.10$28,700$18,83915.1 years
12 kW$4.02$33,751$23,29514.8 years
14 kW$3.94$38,573$27,98214.5 years
16 kW$3.85$43,165$32,89714.2 years
18 kW$3.77$47,527$38,04313.9 years
20 kW$3.69$51,660$43,41813.6 years

How to Save on Solar Panels

Since the type of solar panels and the company 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:

  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
  • Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
  • Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.

Best Solar Financing

Blue Raven Solar

★★★★★
4.5
  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2
  • 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 Crawfordsville, IN Solar Cost FAQs

How much does it cost to install solar panels in Crawfordsville?

This is a hard question to answer precisely, because the cost depends on a few different 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 higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Are solar panels free in Crawfordsville?

You can’t get solar panels for free in Crawfordsville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.

Is making the switch to solar worth it?

Solar panels can be a great investment for many 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 pretty low, solar panels might not be for you.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.

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.