Solar Panel Cost Guide in Mooresville, IN (2023 Update)
- Mooresville Solar Installation Cost: $16,396
- 25-Year Savings: $27,272
- Payback Period: 9.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Mooresville
Let's take a look at the average cost of solar panels in Mooresville.
The national average cost of solar panels is $2.66 per watt, but in Mooresville it's 2.68 per watt. The average solar panel system size in Mooresville is around 8.7 kilowatts, meaning a cost of about $16,396 for a solar installation, or $23,446 before the 30% 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 making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy usage and what company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
To get a free estimate from a vetted solar company in Mooresville, you can click the button below.
Solar savings over time in Mooresville
| Year | Return on Investment |
|---|---|
| 1 years | $-14,650 |
| 3 years | $-11,156 |
| 5 years | $-7,663 |
| 7 years | $-4,169 |
| 9 years | $-676 |
| 11 years | $2,818 |
| 13 years | $6,311 |
| 15 years | $9,805 |
| 17 years | $13,298 |
| 19 years | $16,792 |
| 21 years | $20,285 |
| 23 years | $23,779 |
| 25 years | $27,272 |
Top Solar Installers in Mooresville
When making the switch to solar, many homeowners prefer to go with a solar company since handling can be a difficult project. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're on the hunt for a solar installer in Mooresville, we've organized 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
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 Mooresville
Factors that Affect Solar Panel Costs in Mooresville
For many Mooresville homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Mooresville, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Mooresville average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Mooresville homeowners decide to finance their solar panel systems to make going solar more affordable. While solar loans make going solar more accessible for Mooresville homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you want and also fits within 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 | $18,279 | 9.8 years |
| 8 kW | $2.73 | $15,308 | $24,672 | 9.6 years |
| 10 kW | $2.68 | $18,760 | $31,215 | 9.4 years |
| 12 kW | $2.63 | $22,062 | $37,908 | 9.2 years |
| 14 kW | $2.57 | $25,213 | $44,752 | 9.0 years |
| 16 kW | $2.52 | $28,215 | $51,745 | 8.8 years |
| 18 kW | $2.47 | $31,067 | $58,889 | 8.6 years |
| 20 kW | $2.41 | $33,768 | $66,182 | 8.4 years |
How to Save on Solar Panels
There are numerous companies available in Mooresville, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
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 Mooresville, IN Solar Cost FAQs
How much does it cost to install solar panels in Mooresville?
This is a tough question to answer precisely, because the cost depends on a few different 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.