Solar Panel Cost Guide in Gas City, IN (2024 Update)
- Gas City Solar Installation Cost: $25,510
- 25-Year Savings: $21,863
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Gas City
See how much it might cost to switch to solar power in Gas City.
Although the national average of solar panels is $2.66 per watt, solar panels in Gas City generally cost around 4.To cover the typical energy usage of the average home in Gas City, most homeowners require a 8.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $25,510, or $36,479 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Gas City homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $16,000 on energy bills over 20 years, many homeowners in Gas City find installing solar panels can pay off big.
To get a free quote from a pre-vetted solar company in Gas City, you can click the button below.
Solar savings over time in Gas City
Year | Return on Investment |
---|---|
1 years | $-23,893 |
3 years | $-20,658 |
5 years | $-17,423 |
7 years | $-14,188 |
9 years | $-10,953 |
11 years | $-7,718 |
13 years | $-4,484 |
15 years | $-1,249 |
17 years | $1,986 |
19 years | $5,221 |
21 years | $8,456 |
23 years | $11,691 |
25 years | $14,926 |
Top Solar Installers in Gas City
When switching to solar energy, many homeowners decide to hire a solar installation company since putting up a solar system yourself can be a time-consuming project. Local solar companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Gas City
Factors that Affect Solar Panel Costs in Gas City
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Gas City: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major 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 raise costs. For each additional kilowatt you need, your cost can go up by about $4,100.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Gas City, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
Most solar companies in Gas City have solar loans, which reduce your upfront costs of installing solar.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront 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 Gas City is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $8,105 | 17.2 years |
8 kW | $4.18 | $23,419 | $11,266 | 16.9 years |
10 kW | $4.10 | $28,700 | $14,656 | 16.5 years |
12 kW | $4.02 | $33,751 | $18,276 | 16.2 years |
14 kW | $3.94 | $38,573 | $22,126 | 15.9 years |
16 kW | $3.85 | $43,165 | $26,205 | 15.6 years |
18 kW | $3.77 | $47,527 | $30,514 | 15.2 years |
20 kW | $3.69 | $51,660 | $35,052 | 14.9 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 tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Gas City, IN Solar Cost FAQs
How much does it cost to install solar panels in Gas City?
This is a hard question to answer precisely, because the cost depends on many factors. Generally 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 other 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 choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Gas City?
You can’t get solar panels for free in Gas City. 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.
Is it worth going solar in Gas City?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Gas City?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.