Solar Panel Cost Guide in Granger, IN (2025 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.
The national average cost of solar panels is $2.66 per watt, but in Granger it’s 4 per watt.To account for the typical energy usage of the average home in Granger, most homeowners require a 9.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $25,950, or $37,108 before the federal solar tax credit of 0 is applied.
The true cost of your system can go higher or lower than the average in Granger depending on several factors, such as the type of solar panels you choose and the solar company you hire.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a custom estimate.
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
Installing solar panels on your own can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Another advantage of working with a solar installer is that they can help you maximize your investment by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t certain which solar panel installer to go with, here are our suggestions for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Granger
Factors that Affect Solar Panel Costs in Granger
The cost of installing a solar system in Granger can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $4,100. There are many different solar panel brands and the one you choose also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install 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
If paying for a solar system in cash is difficult, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Granger, and each can charge varying amounts for labor and 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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good 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.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should choose, since different companies have access to different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Granger, IN Solar Cost FAQs
How much does it cost to install 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost 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.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Granger, 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 often do you have to replace solar panels?
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.