Solar Panel Cost Guide in Logansport, IN (2025 Update)
- Logansport Solar Installation Cost: $25,513
- 25-Year Savings: $25,714
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Logansport
Here’s how much it might cost to install solar panels in Logansport.
In Logansport, solar panels cost about 4 per watt on average.Using this figure, a typical 8.9-kW system would cost about $25,513 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with.For most homeowners, the upfront cost of solar power is worth paying. On average Logansport homeowners see about $18,000 in savings on energy bills over 20 years.
To get a free estimate from a pre-vetted solar company in Logansport, you can click the button below.
Solar savings over time in Logansport
| Year | Return on Investment |
|---|---|
| 1 years | $-23,793 |
| 3 years | $-20,354 |
| 5 years | $-16,915 |
| 7 years | $-13,475 |
| 9 years | $-10,036 |
| 11 years | $-6,596 |
| 13 years | $-3,157 |
| 15 years | $283 |
| 17 years | $3,722 |
| 19 years | $7,162 |
| 21 years | $10,601 |
| 23 years | $14,040 |
| 25 years | $17,480 |
Top Solar Installers in Logansport
Installing solar panels by yourself can be a stressful task, which is why hiring a solar installer is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance in the long run.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Logansport
Factors that Affect Solar Panel Costs in Logansport
There are several criteria that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The model of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You’ll also need to consider 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 for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Logansport to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Logansport, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $10,703 | 15.6 years |
| 8 kW | $4.18 | $23,419 | $14,729 | 15.3 years |
| 10 kW | $4.10 | $28,700 | $18,986 | 15.0 years |
| 12 kW | $4.02 | $33,751 | $23,471 | 14.7 years |
| 14 kW | $3.94 | $38,573 | $28,187 | 14.4 years |
| 16 kW | $3.85 | $43,165 | $33,132 | 14.1 years |
| 18 kW | $3.77 | $47,527 | $38,307 | 13.8 years |
| 20 kW | $3.69 | $51,660 | $43,711 | 13.5 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one mark of a quality company.
- 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 good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which company you should choose, since different companies have different panels.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Logansport, IN Solar Cost FAQs
What is the average cost of installing solar panels in Logansport?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Logansport, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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.