Solar Panel Cost Guide in Crown Point, IN (2023 Update)
- Crown Point Solar Installation Cost: $16,772
- 25-Year Savings: $28,520
- Payback Period: 9.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Crown Point
Find out what the average cost of solar panels are in Crown Point.
The national average cost of solar panels is $2.66 per watt, but in Crown Point it's 2.68 per watt. The average Crown Point homeowner needs a 8.9-kilowatt system, which would cost about $16,771 with the federal tax credit, or $23,983 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want, your solar contractor and more. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Crown Point can save about $19,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Crown Point for a custom estimate.
Solar savings over time in Crown Point
| Year | Return on Investment |
|---|---|
| 1 years | $-16,621 |
| 3 years | $-16,320 |
| 5 years | $-16,018 |
| 7 years | $-15,716 |
| 9 years | $-15,414 |
| 11 years | $-15,112 |
| 13 years | $-14,810 |
| 15 years | $-14,508 |
| 17 years | $-14,206 |
| 19 years | $-13,904 |
| 21 years | $-13,602 |
| 23 years | $-13,300 |
| 25 years | $-12,998 |
Top Solar Installers in Crown Point
Although it's possible to install solar panels yourself, it involves extra energy and expertise. For that reason, almost all homeowners choose to go with a solar panel installer. The expertise that solar companies provide can be helpful as well, especially if you don't quite know what kind of solar equipment would be right for your home.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Crown Point
Factors that Affect Solar Panel Costs in Crown Point
For many Crown Point homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Crown Point, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require 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 $2,680. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Crown Point average.
Solar Financing Terms
Many homeowners find the average cost of solar in Crown Point to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Crown Point, and each can charge varying amounts for labor and equipment. The company's size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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 | $2.79 | $11,706 | $18,689 | 9.6 years |
| 8 kW | $2.73 | $15,308 | $25,219 | 9.4 years |
| 10 kW | $2.68 | $18,760 | $31,899 | 9.3 years |
| 12 kW | $2.63 | $22,062 | $38,729 | 9.1 years |
| 14 kW | $2.57 | $25,213 | $45,709 | 8.9 years |
| 16 kW | $2.52 | $28,215 | $52,839 | 8.7 years |
| 18 kW | $2.47 | $31,067 | $60,119 | 8.5 years |
| 20 kW | $2.41 | $33,768 | $67,550 | 8.3 years |
How to Save on Solar Panels
There are numerous companies to choose from in Crown Point, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- 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 choose.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Crown Point, IN Solar Cost FAQs
What is the average cost of installing solar panels in Crown Point?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider in addition to cost 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 areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Crown Point?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity 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.