Solar Panel Cost Guide in Jeffersonville, IN (Mar 2023)
- Jeffersonville Solar Installation Cost: $16,209
- 25-Year Savings: $23,948
- Payback Period: 10.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Jeffersonville
See how much it might cost to make the switch to solar in Jeffersonville.
The average cost of a solar panel system in Jeffersonville is 2.68 per watt. Since a 8.6-kW system is needed to cover the energy consumption of a typical home in Jeffersonville, the average price of going solar will be about $16,209 after claiming the federal solar tax credit of 30%.
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 want to get, your solar contractor and more. For many homeowners, the upfront cost of solar panels is worth paying. On average Jeffersonville homeowners see about $18,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Jeffersonville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,602 |
| 3 years | $-11,390 |
| 5 years | $-8,177 |
| 7 years | $-4,965 |
| 9 years | $-1,752 |
| 11 years | $1,460 |
| 13 years | $4,673 |
| 15 years | $7,886 |
| 17 years | $11,098 |
| 19 years | $14,311 |
| 21 years | $17,523 |
| 23 years | $20,736 |
| 25 years | $23,948 |
Top Solar Installers in Jeffersonville
Installing solar panels yourself can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Jeffersonville
Factors that Affect Solar Panel Costs in Jeffersonville
There are several criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Jeffersonville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by around $2,680 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost 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, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Jeffersonville average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Jeffersonville homeowners opt to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Jeffersonville, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Jeffersonville are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: The brand of solar panel you need plays a part in which installer you should choose, since different companies have access to different panels.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two 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 good reviews from previous customers.
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 Jeffersonville, IN Solar Cost FAQs
How much does it cost to install solar panels in Jeffersonville?
This is a difficult question to answer exactly, 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 extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Jeffersonville?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
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 requires 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 home 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.