Solar Panel Cost Guide in North Manchester, IN (2023 Update)
- North Manchester Solar Installation Cost: $16,696
- 25-Year Savings: $23,197
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in North Manchester
Let's take a look at the average cost of solar in North Manchester.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North Manchester, the typical cost of a solar system is 2.68 per watt. Using this figure, a typical 8.9-kW system would cost about $16,696 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in North Manchester depending on several factors, such as the brand of solar panels you choose and the solar company you hire. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in North Manchester can save around $17,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar company in your area for a personalized estimate.
Solar savings over time in North Manchester
| Year | Return on Investment |
|---|---|
| 1 years | $-15,101 |
| 3 years | $-11,909 |
| 5 years | $-8,718 |
| 7 years | $-5,526 |
| 9 years | $-2,335 |
| 11 years | $857 |
| 13 years | $4,048 |
| 15 years | $7,240 |
| 17 years | $10,431 |
| 19 years | $13,622 |
| 21 years | $16,814 |
| 23 years | $20,005 |
| 25 years | $23,197 |
Top Solar Installers in North Manchester
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring a solar panel installer can make switching to solar power much easier. The expertise that solar installers offer can be helpful as well, particularly if you aren't sure what brand of solar equipment you need.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our suggestions for providers 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 North Manchester
Factors that Affect Solar Panel Costs in North Manchester
The cost of installing a solar system in North Manchester can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,680. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 over time on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the North Manchester average.
Solar Financing Terms
Most solar installers in North Manchester offer solar loans, which reduce your upfront costs of installing a solar system. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $2.79 | $11,706 | $15,193 | 10.9 years |
| 8 kW | $2.73 | $15,308 | $20,557 | 10.7 years |
| 10 kW | $2.68 | $18,760 | $26,072 | 10.5 years |
| 12 kW | $2.63 | $22,062 | $31,736 | 10.3 years |
| 14 kW | $2.57 | $25,213 | $37,551 | 10.0 years |
| 16 kW | $2.52 | $28,215 | $43,516 | 9.8 years |
| 18 kW | $2.47 | $31,067 | $49,630 | 9.6 years |
| 20 kW | $2.41 | $33,768 | $55,895 | 9.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: If you're concerned about the endurance of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 North Manchester, IN Solar Cost FAQs
What is the average cost of installing solar panels in North Manchester?
This is a hard question to answer exactly, because the cost depends on a variety of 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in North Manchester?
Solar panels aren't free in North Manchester, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for 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 account for 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.