Solar Panel Cost Guide in Granger, IN (2024 Update)
- Granger Solar Installation Cost: $25,950
- 25-Year Savings: $24,661
- Payback Period: 15.6 Years
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Average Cost of Solar Panels in Granger
Find out what the average cost of solar panels are in Granger.
In Granger, solar panels cost about 4 per watt on average.The average Granger homeowner needs a 9.0-kilowatt system, which would cost about $25,950 with the federal tax credit, or $37,108 before the 0 tax credit is applied.
These figures are only estimates, and your own solar costs may vary based on your specific situation and what company you choose to go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Granger can save about $17,000 on their power bills over 20 years.
To receive a free estimate from a top solar installer in Granger, you can click the button below.
Solar savings over time in Granger
| Year | Return on Investment |
|---|---|
| 1 years | $-24,333 |
| 3 years | $-21,098 |
| 5 years | $-17,863 |
| 7 years | $-14,628 |
| 9 years | $-11,393 |
| 11 years | $-8,158 |
| 13 years | $-4,924 |
| 15 years | $-1,689 |
| 17 years | $1,546 |
| 19 years | $4,781 |
| 21 years | $8,016 |
| 23 years | $11,251 |
| 25 years | $14,486 |
Top Solar Installers in Granger
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar company can make your swap to solar power much easier. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- 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
- 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 Granger
Factors that Affect Solar Panel Costs in Granger
Even though the average cost of a solar system in Granger is $25,950, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use 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.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Granger offer solar loans, which reduce the initial cost of installing a solar system.It’s a good idea 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 back the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can play a part in determining the cost. Granger’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that has the products, warranties and services you want and also is within your budget.
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 | $9,712 | 16.2 years |
| 8 kW | $4.18 | $23,419 | $13,408 | 15.9 years |
| 10 kW | $4.10 | $28,700 | $17,334 | 15.6 years |
| 12 kW | $4.02 | $33,751 | $21,490 | 15.3 years |
| 14 kW | $3.94 | $38,573 | $25,875 | 15.0 years |
| 16 kW | $3.85 | $43,165 | $30,490 | 14.7 years |
| 18 kW | $3.77 | $47,527 | $35,335 | 14.3 years |
| 20 kW | $3.69 | $51,660 | $40,409 | 14.0 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Before you sign a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
Best National Provider
SunPower
- 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
- 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 Granger, IN Solar Cost FAQs
What is the average cost of installing solar panels in Granger?
The average cost of solar panels in Granger is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $920.69 per year.
How long do solar panels last in Granger?
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.