Solar Panel Cost Guide in Jeffersonville, IN (2024 Update)
- Jeffersonville Solar Installation Cost: $24,797
- 25-Year Savings: $23,948
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Jeffersonville
Let’s have a look at the average cost of solar panels in Jeffersonville.
While the national average of solar panels is $2.66 per watt, solar panels in Jeffersonville typically cost around 4.To cover the typical energy usage of the average home in Jeffersonville, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $24,797, or $35,460 before the federal solar tax credit of 0 is applied.
These figures are only averages, 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 many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Jeffersonville see about $18,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Jeffersonville for a quote for your home.
Solar savings over time in Jeffersonville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,471 |
| 3 years | $-20,820 |
| 5 years | $-18,169 |
| 7 years | $-15,518 |
| 9 years | $-12,867 |
| 11 years | $-10,215 |
| 13 years | $-7,564 |
| 15 years | $-4,913 |
| 17 years | $-2,262 |
| 19 years | $390 |
| 21 years | $3,041 |
| 23 years | $5,692 |
| 25 years | $8,343 |
Top Solar Installers in Jeffersonville
Installing solar panels on your own can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Solar installers provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're looking for a solar company in Jeffersonville, we've compiled 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 Jeffersonville
Factors that Affect Solar Panel Costs in Jeffersonville
The cost of installing a solar system in Jeffersonville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,100.There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you’re looking 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
If paying for solar panels in cash is too expensive, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Even though solar loans make switching to solar energy more accessible for Jeffersonville homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you hire to install your solar system can affect how much you pay. Jeffersonville’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 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 fit into 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 | $9,978 | 16.1 years |
| 8 kW | $4.18 | $23,419 | $13,763 | 15.7 years |
| 10 kW | $4.10 | $28,700 | $17,777 | 15.4 years |
| 12 kW | $4.02 | $33,751 | $22,021 | 15.1 years |
| 14 kW | $3.94 | $38,573 | $26,495 | 14.8 years |
| 16 kW | $3.85 | $43,165 | $31,199 | 14.5 years |
| 18 kW | $3.77 | $47,527 | $36,132 | 14.2 years |
| 20 kW | $3.69 | $51,660 | $41,294 | 13.9 years |
How to Save on Solar Panels
The company that does your solar system 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:
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Installation Process: When making the switch to solar power, it’s essential to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 $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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Jeffersonville?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
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 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.