Solar Panel Cost Guide in Jeffersonville, IN (2023 Update)
- Jeffersonville Solar Installation Cost: $16,209
- 25-Year Savings: $23,948
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Jeffersonville
Let's have a look at the average cost of solar in Jeffersonville.
Although the national average of solar panels is $2.66 per watt, solar panels in Jeffersonville typically cost around 2.68. Using this figure, a typical 8.6-kW system would cost about $16,209 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. Despite the large upfront cost, the average Jeffersonville homeowner can save around $18,000 on their power bills over 20 years, which is one of the benefits of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Jeffersonville
| Year | Return on Investment |
|---|---|
| 1 years | $-16,075 |
| 3 years | $-15,807 |
| 5 years | $-15,539 |
| 7 years | $-15,272 |
| 9 years | $-15,004 |
| 11 years | $-14,736 |
| 13 years | $-14,469 |
| 15 years | $-14,201 |
| 17 years | $-13,933 |
| 19 years | $-13,665 |
| 21 years | $-13,398 |
| 23 years | $-13,130 |
| 25 years | $-12,862 |
Top Solar Installers in Jeffersonville
Although it's possible to install solar panels by yourself, it requires extra time and handiness. For that reason, almost all homeowners choose to hire a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a professional solar company can help your solar project go smoothly. Here are our recommendations:
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 Jeffersonville
Factors that Affect Solar Panel Costs in Jeffersonville
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 Jeffersonville: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The kind of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your all-in costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies in Jeffersonville, and each can charge different amounts for labor and equipment. The company's size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access 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 discount 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 | $16,180 | 10.5 years |
| 8 kW | $2.73 | $15,308 | $21,874 | 10.3 years |
| 10 kW | $2.68 | $18,760 | $27,717 | 10.1 years |
| 12 kW | $2.63 | $22,062 | $33,711 | 9.9 years |
| 14 kW | $2.57 | $25,213 | $39,855 | 9.7 years |
| 16 kW | $2.52 | $28,215 | $46,148 | 9.5 years |
| 18 kW | $2.47 | $31,067 | $52,592 | 9.3 years |
| 20 kW | $2.41 | $33,768 | $59,186 | 9.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since 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 quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project completion timeline.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes 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 Jeffersonville, IN Solar Cost FAQs
What is the average cost of installing solar panels in Jeffersonville?
The average cost of solar panels in Jeffersonville 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Jeffersonville?
You can't get solar panels for free in Jeffersonville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $929.54 per year.
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 requires 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 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.