Solar Panel Cost Guide in Huntertown, IN (2023 Update)
- Huntertown Solar Installation Cost: $16,841
- 25-Year Savings: $23,477
- Payback Period: 10.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Huntertown
Find out what the average cost of installing solar panels is in Huntertown.
The average cost of a solar system in Huntertown is 2.68 per watt. Using this figure, a typical 9.0-kW system would cost about $16,846 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Huntertown homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Even with the large upfront cost, the average Huntertown homeowner can save around $17,000 on their energy bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Huntertown
| Year | Return on Investment |
|---|---|
| 1 years | $-15,224 |
| 3 years | $-11,989 |
| 5 years | $-8,754 |
| 7 years | $-5,519 |
| 9 years | $-2,284 |
| 11 years | $950 |
| 13 years | $4,185 |
| 15 years | $7,420 |
| 17 years | $10,655 |
| 19 years | $13,890 |
| 21 years | $17,125 |
| 23 years | $20,360 |
| 25 years | $23,594 |
Top Solar Installers in Huntertown
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make your swap to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar system installer to go with, here are our recommendations for providers near you:
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 Huntertown
Factors that Affect Solar Panel Costs in Huntertown
The cost of installing a solar system in Huntertown can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,680. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. Additionally, 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
Most solar companies in Huntertown have solar loans, which reduce the initial cost of installing a solar system. While solar loans make switching to solar energy more accessible for Huntertown homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Huntertown, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $15,241 | 10.9 years |
| 8 kW | $2.73 | $15,308 | $20,621 | 10.7 years |
| 10 kW | $2.68 | $18,760 | $26,151 | 10.4 years |
| 12 kW | $2.63 | $22,062 | $31,832 | 10.2 years |
| 14 kW | $2.57 | $25,213 | $37,663 | 10.0 years |
| 16 kW | $2.52 | $28,215 | $43,643 | 9.8 years |
| 18 kW | $2.47 | $31,067 | $49,774 | 9.6 years |
| 20 kW | $2.41 | $33,768 | $56,055 | 9.4 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
- Solar Panel Brands: The kind of solar panel you'd like to install plays a part in which company you should go with, since different companies provide different panels.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
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 Huntertown, IN Solar Cost FAQs
What is the average cost of installing solar panels in Huntertown?
The average cost of solar panels in Huntertown is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Huntertown?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Huntertown, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Huntertown?
On average, solar panels can last 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.