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Top Solar Installers in Evansville
When going solar, many homeowners choose to hire a solar installation company since putting up a solar system yourself can be a difficult project. The payback period of solar panels will vary based on factors like your roof configuration and energy use, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.
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 suggestions for providers in Evansville:
See all of the solar companies in Evansville
Factors that Affect Solar Panel Costs in Evansville
There are many criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment Size
When it comes to estimating the cost of a solar panel system in Evansville, 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 consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by around $2,680 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also changes the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Evansville to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can impact the cost. Evansville's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Evansville are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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||$12,375||$23,198||8.7 years|
|8 kW||$2.73||$16,183||$31,248||8.5 years|
|10 kW||$2.68||$19,832||$39,457||8.4 years|
|12 kW||$2.63||$23,322||$47,825||8.2 years|
|14 kW||$2.57||$26,654||$56,351||8.0 years|
|16 kW||$2.52||$29,827||$65,035||7.9 years|
|18 kW||$2.47||$32,842||$73,879||7.7 years|
|20 kW||$2.41||$35,698||$82,881||7.5 years|
Solar Incentives in Evansville
|Name||Renewable Energy Property Tax Exemption|
|Incentive Amount|| Solar energy systems used for heating or cooling: out-of-pocket expenditures by the owner for the components and labor |
Wind, hydroelectric, geothermal, solar thermal, solar PV, and other solar energy systems: the assessed value of the system
|Incentive Max||None specified|
|More Info||Click here|
How to Save on Solar Panels
Since the model of solar panels and the company you choose have an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If youcare about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Your solar installer should have a sound reputation as a company and have proven 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 satisfied reviews from past customers.
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: The kind of solar panel you need to get plays a part in which installer you should opt for, since different companies offer different panels.
EcoWatch's Evansville, IN Solar Cost FAQs
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.