Solar Panel Cost Guide in Fort Wayne, IN (Nov 2022)

  • Fort Wayne Solar Installation Cost: $16,846
  • 25-Year Savings: $22,355
  • Payback Period: 10.7 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Fort Wayne

We break down average solar pricing in Fort Wayne.

The average cost of a solar system in Fort Wayne is $3 per watt. The average solar panel system size in Fort Wayne is around 9.0 kilowatts, meaning a cost of about $16,846 for a solar installation, or $12,466 after the 30% federal solar tax credit is applied.

These figures are only averages, and your own solar costs may vary based on your specific situation and what company you go with. Despite the significant initial cost, the average Fort Wayne homeowner can save around $17,000 on their energy bills over 20 years, which is one of the benefits of solar.

Click the button below to get connected to a highly rated solar panel company in Fort Wayne for a customized estimate.

Solar savings over time in Fort Wayne

Year Return on Investment
1 years $-15,278
3 years $-12,142
5 years $-9,006
7 years $-5,870
9 years $-2,734
11 years $402
13 years $3,538
15 years $6,674
17 years $9,811
19 years $12,947
21 years $16,083
23 years $19,219
25 years $22,355

Top Solar Installers in Fort Wayne

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using an installer can make converting to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.

If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our recommendations for providers in Fort Wayne:

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 Fort Wayne

Factors that Affect Solar Panel Costs in Fort Wayne

Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that determine your overall cost in Fort Wayne: 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 system you need to offset your energy usage is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,680. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Fort Wayne average.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Fort Wayne, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Fort Wayne is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services at different price points. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more 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 discount can bring their pricing lower to compete with bigger names.

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 $14,494 11.2 years
8 kW $2.73 $15,308 $19,626 11.0 years
10 kW $2.68 $18,760 $24,908 10.7 years
12 kW $2.63 $22,062 $30,339 10.5 years
14 kW $2.57 $25,213 $35,921 10.3 years
16 kW $2.52 $28,215 $41,653 10.1 years
18 kW $2.47 $31,067 $47,535 9.9 years
20 kW $2.41 $33,768 $53,567 9.7 years

How to Save on Solar Panels

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

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
  • Solar Panel Brands: The type of solar panel you need to get plays a role in which installer you should opt for, since different companies have different panels.
  • Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.

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 Fort Wayne, IN Solar Cost FAQs

How much does it cost to install solar panels in Fort Wayne?

This is a difficult 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.

Is cost the most important thing to think about when buying solar panels?

Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Can solar panels completely eradicate my electricity bills?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $873.35 per year.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.

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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