Solar Panel Cost Guide in Logansport, IN (Mar 2023)
- Logansport Solar Installation Cost: $16,678
- 25-Year Savings: $25,713
- Payback Period: 9.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Logansport
Let's have a look at the average cost of solar panels in Logansport.
In Logansport, solar panels cost about 2.68 per watt on average. To account for the typical energy needs of the average home in Logansport, most homeowners require a 8.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,678, or $23,850 before the federal solar tax credit of 30% is applied.
How much you pay can go higher or lower than the average in Logansport based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. With typical savings of about $18,000 on power bills over 20 years, many homeowners in Logansport find installing solar panels has a decent ROI.
To receive a free quote from a vetted solar company in Logansport, you can click the button below.
Solar savings over time in Logansport
| Year | Return on Investment |
|---|---|
| 1 years | $-14,982 |
| 3 years | $-11,591 |
| 5 years | $-8,199 |
| 7 years | $-4,808 |
| 9 years | $-1,417 |
| 11 years | $1,974 |
| 13 years | $5,366 |
| 15 years | $8,757 |
| 17 years | $12,148 |
| 19 years | $15,540 |
| 21 years | $18,931 |
| 23 years | $22,322 |
| 25 years | $25,713 |
Top Solar Installers in Logansport
Although you can install solar panels by yourself, it requires extra effort and expertise. That's why the majority of homeowners choose a solar panel installer. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
If you're on the hunt for a solar company in Logansport, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Logansport
Factors that Affect Solar Panel Costs in Logansport
The cost of installing a solar system in Logansport can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $2,680 per kilowatt in Logansport. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Logansport to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time due to interest. Though solar loans make going solar more accessible for Logansport homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar installation companies in Logansport, and each can charge different amounts for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you want and also fit into your budget.
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 | $16,905 | 10.2 years |
| 8 kW | $2.73 | $15,308 | $22,840 | 10.0 years |
| 10 kW | $2.68 | $18,760 | $28,926 | 9.8 years |
| 12 kW | $2.63 | $22,062 | $35,161 | 9.6 years |
| 14 kW | $2.57 | $25,213 | $41,546 | 9.4 years |
| 16 kW | $2.52 | $28,215 | $48,082 | 9.2 years |
| 18 kW | $2.47 | $31,067 | $54,767 | 9.0 years |
| 20 kW | $2.41 | $33,768 | $61,603 | 8.9 years |
How to Save on Solar Panels
The solar panel company you opt for 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 a few important things you should keep in mind, including:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Logansport, IN Solar Cost FAQs
How much does it cost to install solar panels in Logansport?
This is a hard question to answer exactly, 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely 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 my property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Logansport is currently $84,400, so you could be looking at a value of about $3,460 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Logansport is a fruitful investment.
How long do solar panels last in Logansport?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.