Solar Panel Cost Guide in Danville, IN (2025 Update)
- Danville Solar Installation Cost: $25,278
- 25-Year Savings: $23,021
- Payback Period: 16.0 Years
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Average Cost of Solar Panels in Danville
Find out what the average cost of a solar system is in Danville.
Although the national average of solar panels is $2.66 per watt, solar panels in Danville typically cost around 4.Since a 8.8-kW system is needed to cover the energy usage of a typical home in Danville, the average price of going solar will be about $25,278 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Danville homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $17,000 over 20 years on power bills.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Danville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,952 |
| 3 years | $-21,301 |
| 5 years | $-18,650 |
| 7 years | $-15,999 |
| 9 years | $-13,347 |
| 11 years | $-10,696 |
| 13 years | $-8,045 |
| 15 years | $-5,394 |
| 17 years | $-2,742 |
| 19 years | $-91 |
| 21 years | $2,560 |
| 23 years | $5,211 |
| 25 years | $7,862 |
Top Solar Installers in Danville
When going solar, many homeowners opt to go with a solar installer since DIY solar panel installation can be a time-consuming project. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy needs, but working with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you're on the hunt for a solar company in Danville, we've compiled a list of our top suggestions here:
See all of the solar companies in Danville
Factors that Affect Solar Panel Costs in Danville
There are a number of factors that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Danville, one of the most important 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 usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $4,100 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Danville, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular route because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your total costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in Danville, and each can charge varying amounts for labor and equipment.Additionally, some companies in Danville know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $4.26 | $17,909 | $9,029 | 16.6 years |
| 8 kW | $4.18 | $23,419 | $12,498 | 16.3 years |
| 10 kW | $4.10 | $28,700 | $16,197 | 16.0 years |
| 12 kW | $4.02 | $33,751 | $20,125 | 15.7 years |
| 14 kW | $3.94 | $38,573 | $24,283 | 15.3 years |
| 16 kW | $3.85 | $43,165 | $28,670 | 15.0 years |
| 18 kW | $3.77 | $47,527 | $33,287 | 14.7 years |
| 20 kW | $3.69 | $51,660 | $38,134 | 14.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation 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 tips to keep in mind to help with your decision:
- Warranty: If you care about the durability of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: Before you sign a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
EcoWatch's Danville, IN Solar Cost FAQs
What is the average cost of installing solar panels in Danville?
The average cost of solar panels in Danville is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Danville?
A solar panel system isn’t free in Danville, 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.
Can you sell solar power back to the grid in Danville?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.