Solar Panel Cost Guide in Huntertown, IN (Mar 2023)
- Huntertown Solar Installation Cost: $16,846
- 25-Year Savings: $23,472
- Payback Period: 10.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Huntertown
We go over average solar pricing in Huntertown.
The national average cost of solar panels is $2.66 per watt, but in Huntertown it's 2.68 per watt. The average Huntertown homeowner needs a 9.0-kilowatt system, which would cost about $16,846 with the federal tax credit, or $24,090 before the 30% tax credit is applied.
These figures are just estimates, and your own solar costs will most likely look different based on your energy needs and what company you want to go with. With typical savings of about $17,000 on power bills over 20 years, many homeowners in Huntertown find installing solar panels has a decent ROI.
To get a free estimate from a top solar company in Huntertown, you can click the button below.
Solar savings over time in Huntertown
| Year | Return on Investment |
|---|---|
| 1 years | $-15,234 |
| 3 years | $-12,008 |
| 5 years | $-8,783 |
| 7 years | $-5,557 |
| 9 years | $-2,332 |
| 11 years | $894 |
| 13 years | $4,119 |
| 15 years | $7,344 |
| 17 years | $10,570 |
| 19 years | $13,795 |
| 21 years | $17,021 |
| 23 years | $20,246 |
| 25 years | $23,472 |
Top Solar Installers in Huntertown
Trying to put up solar panels yourself can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be helpful as well, especially if you aren't sure what kind of solar equipment would be right for your home.
If you're on the hunt for a solar installer in Huntertown, we've put together a list of our top suggestions here:
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 Huntertown
Factors that Affect Solar Panel Costs in Huntertown
For many Huntertown homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Huntertown, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, 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 about $2,680. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Huntertown average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Huntertown homeowners opt to finance their solar panel systems to make going solar more affordable. Even though solar loans make adopting solar energy more accessible for Huntertown homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can affect how much you pay. Huntertown's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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
Since the type of solar panels and the installer you choose considerably impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you're worried about the longevity of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
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 Huntertown, IN Solar Cost FAQs
How much does it cost to install solar panels in Huntertown?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Huntertown?
Solar panels aren't free in Huntertown, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout 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.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.