Solar Panel Cost Guide in Ligonier, IN (2024 Update)
- Ligonier Solar Installation Cost: $25,791
- 25-Year Savings: $28,783
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Ligonier
Find out what the average cost of a solar system is in Ligonier.
The national average cost of solar panels is $2.66 per watt, but in Ligonier it’s 4 per watt.The average solar panel system size in Ligonier is around 9.0 kilowatts, meaning a cost of about $25,791 for a solar installation, or $36,881 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of going solar can vary based on several factors, such as what size system you need, your energy consumption and what solar installer you go with.With typical savings of about $19,000 on utility bills over 20 years, many homeowners in Ligonier find going solar can pay off big.
You can click the button below to get connected with a pre-vetted solar company in Ligonier for a quote for your home.
Solar savings over time in Ligonier
| Year | Return on Investment |
|---|---|
| 1 years | $-24,072 |
| 3 years | $-20,632 |
| 5 years | $-17,193 |
| 7 years | $-13,753 |
| 9 years | $-10,314 |
| 11 years | $-6,874 |
| 13 years | $-3,435 |
| 15 years | $5 |
| 17 years | $3,444 |
| 19 years | $6,883 |
| 21 years | $10,323 |
| 23 years | $13,762 |
| 25 years | $17,202 |
Top Solar Installers in Ligonier
When making the switch to solar, many homeowners decide to go with a solar installer since installing a solar system yourself can be a time-consuming project. The expertise that solar installers offer can be helpful as well, especially if you aren’t sure what type of solar equipment would be right for your home.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Ligonier
Factors that Affect Solar Panel Costs in Ligonier
The cost of installing a solar system in Ligonier can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $4,100 per kilowatt in Ligonier.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, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Ligonier average.
Solar Financing Terms
Most solar companies in Ligonier provide solar loans, which reduce the initial cost of installing solar panels.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Ligonier, and each can charge varying amounts for labor and equipment.Additionally, some companies in Ligonier have more knowledge 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 | $12,564 | 14.7 years |
| 8 kW | $4.18 | $23,419 | $17,211 | 14.4 years |
| 10 kW | $4.10 | $28,700 | $22,088 | 14.1 years |
| 12 kW | $4.02 | $33,751 | $27,195 | 13.8 years |
| 14 kW | $3.94 | $38,573 | $32,531 | 13.6 years |
| 16 kW | $3.85 | $43,165 | $38,096 | 13.3 years |
| 18 kW | $3.77 | $47,527 | $43,892 | 13.0 years |
| 20 kW | $3.69 | $51,660 | $49,917 | 12.7 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. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- 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.
- Warranty: If you’re worried about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Ligonier, IN Solar Cost FAQs
What is the average cost of installing solar panels in Ligonier?
This is a tough question to answer precisely, because the cost depends on a few different 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. 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 choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a 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 get between 20 and 35 panels to account for 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.