Solar Panel Cost Guide in Leo-Cedarville, IN (2023 Update)
- Leo-Cedarville Solar Installation Cost: $16,841
- 25-Year Savings: $22,360
- Payback Period: 10.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Leo-Cedarville
Let's have a look at the average cost of solar in Leo-Cedarville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Leo-Cedarville, the average cost of a solar system is 2.68 per watt. The average solar panel system size in Leo-Cedarville is around 9.0 kilowatts, meaning a cost of about $16,846 for a solar installation, or $24,090 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely differ based on the amount of energy your home requires and what company you go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Leo-Cedarville can save about $17,000 on their energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Leo-Cedarville
| Year | Return on Investment |
|---|---|
| 1 years | $-15,224 |
| 3 years | $-11,989 |
| 5 years | $-8,754 |
| 7 years | $-5,519 |
| 9 years | $-2,284 |
| 11 years | $950 |
| 13 years | $4,185 |
| 15 years | $7,420 |
| 17 years | $10,655 |
| 19 years | $13,890 |
| 21 years | $17,125 |
| 23 years | $20,360 |
| 25 years | $23,594 |
Top Solar Installers in Leo-Cedarville
When going solar, many homeowners decide to go with a solar installation company since overseeing your solar installation yourself can be a difficult project. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives and by offering warranties and repairs.
If you're searching for a solar company in Leo-Cedarville, 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
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 Leo-Cedarville
Factors that Affect Solar Panel Costs in Leo-Cedarville
The cost of installing a solar system in Leo-Cedarville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Leo-Cedarville average.
Solar Financing Terms
Most solar companies in Leo-Cedarville offer solar loans, which reduce your upfront costs of installing solar panels. You'll have to consider the long-term cost of loans, including the total 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
A final consideration when trying to estimate the cost of solar for your home or business in Leo-Cedarville is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, you'll have many options for solar installers that offer a range of services at different costs. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $14,494 | 11.2 years |
| 8 kW | $2.73 | $15,308 | $19,626 | 11.0 years |
| 10 kW | $2.68 | $18,760 | $24,908 | 10.7 years |
| 12 kW | $2.63 | $22,062 | $30,339 | 10.5 years |
| 14 kW | $2.57 | $25,213 | $35,921 | 10.3 years |
| 16 kW | $2.52 | $28,215 | $41,653 | 10.1 years |
| 18 kW | $2.47 | $31,067 | $47,535 | 9.9 years |
| 20 kW | $2.41 | $33,768 | $53,567 | 9.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
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 Leo-Cedarville, IN Solar Cost FAQs
What is the average cost of installing solar panels in Leo-Cedarville?
The average cost of solar panels in Leo-Cedarville is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Leo-Cedarville?
Solar panels aren't free in Leo-Cedarville, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Leo-Cedarville is currently $207,550, which means you can expect a value of about $8,510 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Leo-Cedarville is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can 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 install between 20 and 35 panels to cover 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.