Solar Panel Cost Guide in Linton, IN (2023 Update)
- Linton Solar Installation Cost: $16,287
- 25-Year Savings: $26,725
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Linton
We break down average solar pricing in Linton.
The average cost of solar panels in Linton is 2.68 per watt. Since a 8.7-kW system is needed to cover the energy costs of a typical home in Linton, the average price of going solar will be about $16,284 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what solar installer you go with. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $19,000 in savings on utility bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Linton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,143 |
| 3 years | $-15,857 |
| 5 years | $-15,570 |
| 7 years | $-15,283 |
| 9 years | $-14,996 |
| 11 years | $-14,710 |
| 13 years | $-14,423 |
| 15 years | $-14,136 |
| 17 years | $-13,849 |
| 19 years | $-13,563 |
| 21 years | $-13,276 |
| 23 years | $-12,989 |
| 25 years | $-12,702 |
Top Solar Installers in Linton
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar company can make swapping over to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you pick which one will be best for you.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Linton
Factors that Affect Solar Panel Costs in Linton
There are several criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar system in Linton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,680 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Linton provide solar loans, which reduce the initial cost of installing solar. 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 can only 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
Lastly, the company you opt for to install your solar system can affect your pricing. Linton's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $18,020 | 9.8 years |
| 8 kW | $2.73 | $15,308 | $24,326 | 9.7 years |
| 10 kW | $2.68 | $18,760 | $30,783 | 9.5 years |
| 12 kW | $2.63 | $22,062 | $37,390 | 9.3 years |
| 14 kW | $2.57 | $25,213 | $44,147 | 9.1 years |
| 16 kW | $2.52 | $28,215 | $51,054 | 8.9 years |
| 18 kW | $2.47 | $31,067 | $58,111 | 8.7 years |
| 20 kW | $2.41 | $33,768 | $65,318 | 8.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in Linton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 Linton, IN Solar Cost FAQs
What is the average cost of installing solar panels in Linton?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Linton is currently $85,200, which means you can expect a value of about $3,493 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Linton is a fruitful investment.
How long do solar panels last in Linton?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.