Solar Panel Cost Guide in Dunlap, IN (Jan 2023)

  • Dunlap Solar Installation Cost: $16,959
  • 25-Year Savings: $26,233
  • Payback Period: 9.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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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 Dunlap

We break down average solar pricing in Dunlap.

The national average cost of solar panels is $2.66 per watt, but in Dunlap it's $3 per watt. The average Dunlap homeowner needs a 9.0-kilowatt system, which would cost about $16,959, or $12,550 after the federal solar tax credit of 30% is applied.

The true price you pay can go above or below the average in Dunlap depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar is worth paying. On average Dunlap homeowners see about $18,000 in savings on electricity bills over 20 years.

Click the button below to get connected to a highly rated solar panel company in Dunlap for a custom estimate.

Solar savings over time in Dunlap

Year Return on Investment
1 years $-15,231
3 years $-11,776
5 years $-8,321
7 years $-4,865
9 years $-1,410
11 years $2,045
13 years $5,501
15 years $8,956
17 years $12,411
19 years $15,867
21 years $19,322
23 years $22,777
25 years $26,233

Top Solar Installers in Dunlap

When making the switch to solar, many homeowners opt to go with a solar installation company since handling can be a difficult project. Also, if you'd like to maximize your investment in solar power, going with 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, rebates and net metering programs.

If you're on the hunt for a solar installer in Dunlap, the EcoWatch team has compiled a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Dunlap

Factors that Affect Solar Panel Costs in Dunlap

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that determine your overall cost in Dunlap: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,680. 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 can expect 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

If paying for solar panels in cash is too expensive, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to estimate the cost of solar for your home or business in Dunlap is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different costs. Additionally, some companies in Dunlap know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 $16,972 10.2 years
8 kW $2.73 $15,308 $22,930 10.0 years
10 kW $2.68 $18,760 $29,037 9.8 years
12 kW $2.63 $22,062 $35,295 9.6 years
14 kW $2.57 $25,213 $41,703 9.4 years
16 kW $2.52 $28,215 $48,261 9.2 years
18 kW $2.47 $31,067 $54,969 9.0 years
20 kW $2.41 $33,768 $61,827 8.8 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:

  • Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • 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 substantial role in the company you opt for.
  • Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Dunlap, IN Solar Cost FAQs

What is the average cost of installing solar panels in Dunlap?

The average cost of solar panels in Dunlap 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Dunlap?

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

Can solar panels significantly reduce my electricity bills?

It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Dunlap, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Dunlap?

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 higher 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.

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