Solar Panel Cost Guide in De Motte, IN (2024 Update)
- De Motte Solar Installation Cost: $25,495
- 25-Year Savings: $27,966
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in De Motte
Let’s take a look at the average cost of solar panels in De Motte.
The national average cost of solar panels is $2.66 per watt, but in De Motte it’s 4 per watt.Because a 8.9-kW system is needed to cover the energy consumption of a typical home in De Motte, the average price of going solar will be about $25,495 after claiming the federal solar tax credit of 0.
How much you pay can go above or below the average in De Motte based on several factors, such as the type of solar panels you choose and the solar company you hire.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in De Motte can save about $19,000 on their electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in De Motte for a customized quote.
Solar savings over time in De Motte
| Year | Return on Investment |
|---|---|
| 1 years | $-23,775 |
| 3 years | $-20,336 |
| 5 years | $-16,896 |
| 7 years | $-13,457 |
| 9 years | $-10,017 |
| 11 years | $-6,578 |
| 13 years | $-3,138 |
| 15 years | $301 |
| 17 years | $3,740 |
| 19 years | $7,180 |
| 21 years | $10,619 |
| 23 years | $14,059 |
| 25 years | $17,498 |
Top Solar Installers in De Motte
Many homeowners opt for a solar panel installer since figuring out how to install solar panels on your own can be challenging. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over time.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 De Motte
Factors that Affect Solar Panel Costs in De Motte
There are several factors that can play into your solar panel 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with 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 $4,100.The brand of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That’s why many De Motte homeowners choose to finance their solar panel systems to make paying for solar more affordable.Although solar loans make going solar more accessible for De Motte homeowners, they can also increase the total you pay for your system, depending on your interest rate. 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 solar company 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 operating in De Motte, and each can charge varying amounts for labor and equipment.The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $4.26 | $17,909 | $12,236 | 14.9 years |
| 8 kW | $4.18 | $23,419 | $16,774 | 14.6 years |
| 10 kW | $4.10 | $28,700 | $21,541 | 14.3 years |
| 12 kW | $4.02 | $33,751 | $26,538 | 14.0 years |
| 14 kW | $3.94 | $38,573 | $31,765 | 13.7 years |
| 16 kW | $3.85 | $43,165 | $37,221 | 13.4 years |
| 18 kW | $3.77 | $47,527 | $42,907 | 13.1 years |
| 20 kW | $3.69 | $51,660 | $48,822 | 12.9 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The brand of solar panel you need plays a part in which company you should choose, since different companies provide different panels.
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 De Motte, IN Solar Cost FAQs
What is the average cost of installing solar panels in De Motte?
This is a tough question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial 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 trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact my home value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know 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 house 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.