Solar Panel Cost Guide in Mount Vernon, IN (2025 Update)
- Mount Vernon Solar Installation Cost: $24,214
- 25-Year Savings: $34,424
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Mount Vernon
Find out how much it might cost to switch to solar power in Mount Vernon.
In Mount Vernon, solar panels cost about 4 per watt on average.Since a 8.4-kW system is needed to cover the energy usage of a typical home in Mount Vernon, the average price of going solar will be about $24,214 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Mount Vernon homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $23,000 on power bills over 20 years, many homeowners in Mount Vernon find investing in solar can be quite rewarding.
You can click the button below to get connected with a top solar company in Mount Vernon for a quote for your home.
Solar savings over time in Mount Vernon
| Year | Return on Investment |
|---|---|
| 1 years | $-22,432 |
| 3 years | $-18,868 |
| 5 years | $-15,304 |
| 7 years | $-11,740 |
| 9 years | $-8,177 |
| 11 years | $-4,613 |
| 13 years | $-1,049 |
| 15 years | $2,515 |
| 17 years | $6,079 |
| 19 years | $9,642 |
| 21 years | $13,206 |
| 23 years | $16,770 |
| 25 years | $20,334 |
Top Solar Installers in Mount Vernon
Trying to install solar panels yourself can be a challenging task, which is why using a solar installer is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you go with a solar company too, which can save you more money over time.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Mount Vernon
Factors that Affect Solar Panel Costs in Mount Vernon
For many Mount Vernon homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Mount Vernon, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Mount Vernon, one of the most important 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 usage, which you can gauge by looking at past power bills. Your total cost can increase by about $4,100 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Mount Vernon, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Mount Vernon offer solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to 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 finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Mount Vernon is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different costs.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $4.26 | $17,909 | $17,828 | 12.5 years |
| 8 kW | $4.18 | $23,419 | $24,230 | 12.3 years |
| 10 kW | $4.10 | $28,700 | $30,862 | 12.0 years |
| 12 kW | $4.02 | $33,751 | $37,723 | 11.8 years |
| 14 kW | $3.94 | $38,573 | $44,813 | 11.6 years |
| 16 kW | $3.85 | $43,165 | $52,134 | 11.3 years |
| 18 kW | $3.77 | $47,527 | $59,684 | 11.1 years |
| 20 kW | $3.69 | $51,660 | $67,463 | 10.8 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mount Vernon, IN Solar Cost FAQs
How much does it cost to install solar panels in Mount Vernon?
This is a hard question to answer exactly, because the cost depends on many 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Mount Vernon?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Mount Vernon have a net metering program?
Most states offer net metering programs of some kind. Through these, you can receive compensation 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 many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.