Solar Panel Cost Guide in Ligonier, IN (2023 Update)
- Ligonier Solar Installation Cost: $16,865
- 25-Year Savings: $28,776
- Payback Period: 9.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ligonier
Let's take a look at the average cost of solar panels in Ligonier.
The average cost of a solar panel system in Ligonier is 2.68 per watt. The average Ligonier homeowner needs a 9.0-kilowatt system, which would cost about $16,865 with the federal tax credit, or $24,117 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Ligonier homeowner. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $19,000 on energy bills over 20 years, many homeowners in Ligonier find installing solar panels has a decent ROI.
You can click the button below to get connected with a vetted solar company in Ligonier for a quote for your home.
Solar savings over time in Ligonier
| Year | Return on Investment |
|---|---|
| 1 years | $-15,040 |
| 3 years | $-11,388 |
| 5 years | $-7,737 |
| 7 years | $-4,086 |
| 9 years | $-434 |
| 11 years | $3,217 |
| 13 years | $6,868 |
| 15 years | $10,520 |
| 17 years | $14,171 |
| 19 years | $17,822 |
| 21 years | $21,473 |
| 23 years | $25,125 |
| 25 years | $28,776 |
Top Solar Installers in Ligonier
When switching to solar energy, many homeowners decide to use a solar company since DIY solar panel installation can be a difficult project. Plus, if you aren't sure what type of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,680 per kilowatt in Ligonier. The type of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Ligonier, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. 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 back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Ligonier is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, you'll have many options for solar installers that offer a range of services for different budgets. Additionally, some companies in Ligonier have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $18,767 | 9.6 years |
| 8 kW | $2.73 | $15,308 | $25,322 | 9.4 years |
| 10 kW | $2.68 | $18,760 | $32,028 | 9.2 years |
| 12 kW | $2.63 | $22,062 | $38,884 | 9.0 years |
| 14 kW | $2.57 | $25,213 | $45,890 | 8.9 years |
| 16 kW | $2.52 | $28,215 | $53,046 | 8.7 years |
| 18 kW | $2.47 | $31,067 | $60,352 | 8.5 years |
| 20 kW | $2.41 | $33,768 | $67,809 | 8.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
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
How much does it cost to install solar panels in Ligonier?
This is a tough question to answer exactly, because the cost depends on many factors. Generally 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 other solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Ligonier?
You can't get solar panels for free in Ligonier. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Ligonier have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Ligonier?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.