Solar Panel Cost Guide in Leo-Cedarville, IN (2024 Update)
- Leo-Cedarville Solar Installation Cost: $25,765
- 25-Year Savings: $22,360
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Leo-Cedarville
We break down average solar pricing in Leo-Cedarville.
The national average cost of solar panels is $2.66 per watt, but in Leo-Cedarville it’s 4 per watt.The average solar panel system size in Leo-Cedarville is around 9.0 kilowatts, meaning a cost of about $25,765 for a solar installation, or $36,844 before the 0 federal solar tax credit is applied.
The actual price you pay can be above or below the average in Leo-Cedarville depending on a few factors, such as the model of solar panels you choose and the solar installer you hire.Many homeowners find going solar is a fruitful investment. The average homeowner in Leo-Cedarville can save about $17,000 on their power bills over 20 years.
To receive a free quote from a top solar company in Leo-Cedarville, you can click the button below.
Solar savings over time in Leo-Cedarville
| Year | Return on Investment |
|---|---|
| 1 years | $-24,147 |
| 3 years | $-20,912 |
| 5 years | $-17,677 |
| 7 years | $-14,443 |
| 9 years | $-11,208 |
| 11 years | $-7,973 |
| 13 years | $-4,738 |
| 15 years | $-1,503 |
| 17 years | $1,732 |
| 19 years | $4,967 |
| 21 years | $8,201 |
| 23 years | $11,436 |
| 25 years | $14,671 |
Top Solar Installers in Leo-Cedarville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make swapping over to solar power much easier. Plus, if you’d like to maximize your investment in solar energy, going with a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 depends on 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 company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,100.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Leo-Cedarville, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Leo-Cedarville provide solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Leo-Cedarville know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $4.26 | $17,909 | $8,292 | 17.1 years |
| 8 kW | $4.18 | $23,419 | $11,515 | 16.8 years |
| 10 kW | $4.10 | $28,700 | $14,968 | 16.4 years |
| 12 kW | $4.02 | $33,751 | $18,650 | 16.1 years |
| 14 kW | $3.94 | $38,573 | $22,562 | 15.8 years |
| 16 kW | $3.85 | $43,165 | $26,703 | 15.4 years |
| 18 kW | $3.77 | $47,527 | $31,074 | 15.1 years |
| 20 kW | $3.69 | $51,660 | $35,675 | 14.8 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Installation Process: When making the switch to solar energy, it’s essential to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside 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 why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Leo-Cedarville have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
How many solar panels should I get to power my home?
To figure out what solar panel system size 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 generally 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.