Solar Panel Cost Guide in Jasper, IN (2023 Update)
- Jasper Solar Installation Cost: $16,152
- 25-Year Savings: $25,022
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Jasper
Let's take a look at the average cost of solar in Jasper.
In Jasper, solar panels cost about 2.68 per watt on average. To account for the typical energy usage of the average home in Jasper, most homeowners require a 8.6-kilowatt system. Using the figure above, a solar installation costs around $16,152, or $23,097 before the federal solar tax credit of 30% is applied.
How much you pay can go above or below the average in Jasper depending on several factors, such as the model of solar panels you choose and the solar company you hire. Despite the large upfront cost, the average Jasper homeowner can save about $18,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in Jasper for a quote for your home.
Solar savings over time in Jasper
| Year | Return on Investment |
|---|---|
| 1 years | $-14,505 |
| 3 years | $-11,211 |
| 5 years | $-7,917 |
| 7 years | $-4,623 |
| 9 years | $-1,329 |
| 11 years | $1,965 |
| 13 years | $5,259 |
| 15 years | $8,552 |
| 17 years | $11,846 |
| 19 years | $15,140 |
| 21 years | $18,434 |
| 23 years | $21,728 |
| 25 years | $25,022 |
Top Solar Installers in Jasper
Many homeowners decide to use a solar panel installer since trying to install solar panels yourself can be a lot of work. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you're searching for a solar company in Jasper, 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
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 Jasper
Factors that Affect Solar Panel Costs in Jasper
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Jasper: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,680 per kilowatt in Jasper. There are a lot of different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you just 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 out of pocket can be a challenge. Solar loans are available from most installers in Jasper, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can influence your pricing. Jasper's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 go with the company that offers the products, warranties and services you're looking for 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 | $2.79 | $11,706 | $16,991 | 10.2 years |
| 8 kW | $2.73 | $15,308 | $22,955 | 10.0 years |
| 10 kW | $2.68 | $18,760 | $29,068 | 9.8 years |
| 12 kW | $2.63 | $22,062 | $35,332 | 9.6 years |
| 14 kW | $2.57 | $25,213 | $41,746 | 9.4 years |
| 16 kW | $2.52 | $28,215 | $48,311 | 9.2 years |
| 18 kW | $2.47 | $31,067 | $55,025 | 9.0 years |
| 20 kW | $2.41 | $33,768 | $61,889 | 8.8 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a solid 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 positive reviews from past customers.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a role in which company you should go with, since different companies have different panels.
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 Jasper, IN Solar Cost FAQs
What is the average cost of installing solar panels in Jasper?
The average cost of solar panels in Jasper 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 such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Jasper?
A solar panel system isn't free in Jasper, but there are some options that can make getting them more affordable, 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 will installing solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Jasper is currently $166,800, which means you could be looking at a value of about $6,839 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Jasper is a rewarding investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.