Solar Panel Cost Guide in Huntingburg, IN (2024 Update)
- Huntingburg Solar Installation Cost: $24,707
- 25-Year Savings: $30,122
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Huntingburg
Find out what the average cost of solar panel installation is in Huntingburg.
Although the national average of solar panels is $2.66 per watt, solar panels in Huntingburg generally cost about 4.To cover the typical energy needs of the average home in Huntingburg, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $24,707, or $35,331 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you choose to go with.For most homeowners, the upfront cost of solar power is worth paying. On average Huntingburg homeowners see about $21,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Huntingburg
| Year | Return on Investment |
|---|---|
| 1 years | $-22,925 |
| 3 years | $-19,362 |
| 5 years | $-15,798 |
| 7 years | $-12,234 |
| 9 years | $-8,670 |
| 11 years | $-5,106 |
| 13 years | $-1,542 |
| 15 years | $2,021 |
| 17 years | $5,585 |
| 19 years | $9,149 |
| 21 years | $12,713 |
| 23 years | $16,277 |
| 25 years | $19,840 |
Top Solar Installers in Huntingburg
When switching to solar energy, many homeowners opt to use a solar installer since putting up a solar system yourself can be a challenging project. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for you.
If you're searching for a solar installer in Huntingburg, the EcoWatch team has 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
See all of the solar companies in Huntingburg
Factors that Affect Solar Panel Costs in Huntingburg
Although the average cost of a solar system in Huntingburg is $24,707, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $4,100. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Huntingburg, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your overall costs, so it’s vital to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Huntingburg is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different costs.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that provides the products, warranties and services you want and also fits 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 | $14,341 | 13.9 years |
| 8 kW | $4.18 | $23,419 | $19,580 | 13.6 years |
| 10 kW | $4.10 | $28,700 | $25,049 | 13.3 years |
| 12 kW | $4.02 | $33,751 | $30,748 | 13.1 years |
| 14 kW | $3.94 | $38,573 | $36,676 | 12.8 years |
| 16 kW | $3.85 | $43,165 | $42,834 | 12.5 years |
| 18 kW | $3.77 | $47,527 | $49,222 | 12.3 years |
| 20 kW | $3.69 | $51,660 | $55,839 | 12.0 years |
How to Save on Solar Panels
There are numerous companies to choose from in Huntingburg, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- 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 install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: When making the switch to solar, it’s essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project timeline.
- Warranty: If you’re worried about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Huntingburg, IN Solar Cost FAQs
How much does it cost to install solar panels in Huntingburg?
The average cost of solar panels in Huntingburg is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Huntingburg?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to 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.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Huntingburg is currently $217,198, so you can expect a value of about $8,905 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Huntingburg is a fruitful investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know 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 household 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.