Solar Panel Cost Guide in Huntington, IN (2023 Update)
- Huntington Solar Installation Cost: $16,715
- 25-Year Savings: $23,423
- Payback Period: 10.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Huntington
We go over average solar pricing in Huntington.
Although the national average of solar panels is $2.66 per watt, solar panels in Huntington generally cost about 2.68. To account for the typical energy needs of the average home in Huntington, most homeowners require a 8.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,715, or $23,902 before the federal solar tax credit of 30% is applied.
How much you pay can be above or below the average in Huntington depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire. Even with the significant initial cost, the average Huntington homeowner can save about $17,000 on their power bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Huntington
| Year | Return on Investment |
|---|---|
| 1 years | $-15,110 |
| 3 years | $-11,899 |
| 5 years | $-8,688 |
| 7 years | $-5,476 |
| 9 years | $-2,265 |
| 11 years | $946 |
| 13 years | $4,157 |
| 15 years | $7,368 |
| 17 years | $10,579 |
| 19 years | $13,790 |
| 21 years | $17,001 |
| 23 years | $20,212 |
| 25 years | $23,423 |
Top Solar Installers in Huntington
Although you can install solar panels by yourself, it takes extra effort and knowledge. That's why most homeowners choose a solar panel installer. In addition, if you'd like to maximize your investment in solar, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Huntington
Factors that Affect Solar Panel Costs in Huntington
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Huntington: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Huntington, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a part in determining the cost. Huntington's solar companies all have different labor costs and add varying upcharges to equipment. 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 come with an above-average cost. It's best to do some research and decide on the company that provides 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 | $2.79 | $11,706 | $15,308 | 10.8 years |
| 8 kW | $2.73 | $15,308 | $20,711 | 10.6 years |
| 10 kW | $2.68 | $18,760 | $26,264 | 10.4 years |
| 12 kW | $2.63 | $22,062 | $31,967 | 10.2 years |
| 14 kW | $2.57 | $25,213 | $37,820 | 10.0 years |
| 16 kW | $2.52 | $28,215 | $43,823 | 9.8 years |
| 18 kW | $2.47 | $31,067 | $49,977 | 9.6 years |
| 20 kW | $2.41 | $33,768 | $56,280 | 9.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading through your solar company'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 if the company goes out of business.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
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 Huntington, IN Solar Cost FAQs
How much does it cost to install solar panels in Huntington?
This is a tough question to answer precisely, because the cost depends on a few different 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 cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Huntington?
Solar panels aren't free in Huntington, 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 further reduce the cost.
Does Huntington have a net metering program?
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 offer you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.