Solar Panel Cost Guide in Hebron, IN (2023 Update)
- Hebron Solar Installation Cost: $16,771
- 25-Year Savings: $27,236
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hebron
Find out how much it might cost to make the switch to solar in Hebron.
The average cost of a solar system in Hebron is 2.68 per watt. Using this figure, a typical 8.9-kW system would cost about $16,771 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Hebron homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a solid investment. The average homeowner in Hebron can save around $19,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Hebron for a personalized quote.
Solar savings over time in Hebron
| Year | Return on Investment |
|---|---|
| 1 years | $-15,011 |
| 3 years | $-11,491 |
| 5 years | $-7,970 |
| 7 years | $-4,449 |
| 9 years | $-929 |
| 11 years | $2,592 |
| 13 years | $6,112 |
| 15 years | $9,633 |
| 17 years | $13,154 |
| 19 years | $16,674 |
| 21 years | $20,195 |
| 23 years | $23,715 |
| 25 years | $27,236 |
Top Solar Installers in Hebron
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make switching to solar power much easier. The expertise that solar companies provide can be valuable as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Hebron
Factors that Affect Solar Panel Costs in Hebron
The cost of installing a solar system in Hebron 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 you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,680. The type of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Hebron homeowners decide to finance their solar panel systems to make going solar more affordable. Though solar loans make adopting solar energy more accessible for Hebron homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Hebron, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Hebron are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $11,706 | $17,842 | 9.9 years |
| 8 kW | $2.73 | $15,308 | $24,089 | 9.7 years |
| 10 kW | $2.68 | $18,760 | $30,487 | 9.5 years |
| 12 kW | $2.63 | $22,062 | $37,035 | 9.3 years |
| 14 kW | $2.57 | $25,213 | $43,732 | 9.1 years |
| 16 kW | $2.52 | $28,215 | $50,580 | 9.0 years |
| 18 kW | $2.47 | $31,067 | $57,578 | 8.8 years |
| 20 kW | $2.41 | $33,768 | $64,726 | 8.6 years |
How to Save on Solar Panels
There are a large number of companies available in Hebron, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- 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 significant role in the company you choose.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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 good reviews from previous customers.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Hebron, IN Solar Cost FAQs
How much does it cost to install solar panels in Hebron?
The average cost of solar panels in Hebron is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Hebron?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.