Solar Panel Cost Guide in North Vernon, IN (2025 Update)
- North Vernon Solar Installation Cost: $24,855
- 25-Year Savings: $26,191
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in North Vernon
Let’s take a look at the average cost of solar in North Vernon.
In North Vernon, solar panels cost about 4 per watt on average.To cover the typical energy needs of the average home in North Vernon, most homeowners require a 8.7-kilowatt system. Using the figure above, a solar installation costs around $24,855, or $35,543 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and your own solar costs will differ based on your specific situation and what company you want to go with.For many homeowners, the upfront investment in solar is worth paying. On average North Vernon homeowners see about $19,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in North Vernon
| Year | Return on Investment |
|---|---|
| 1 years | $-23,530 |
| 3 years | $-20,879 |
| 5 years | $-18,227 |
| 7 years | $-15,576 |
| 9 years | $-12,925 |
| 11 years | $-10,274 |
| 13 years | $-7,622 |
| 15 years | $-4,971 |
| 17 years | $-2,320 |
| 19 years | $331 |
| 21 years | $2,982 |
| 23 years | $5,634 |
| 25 years | $8,285 |
Top Solar Installers in North Vernon
Many homeowners opt for a solar panel installer since trying to install solar panels by yourself can be challenging. Another great thing about choosing a top solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
Working with a licensed solar company can help you make the most of your investment in solar. 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 North Vernon
Factors that Affect Solar Panel Costs in North Vernon
The cost of installing a solar system in North Vernon 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 you need, 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 some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher 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 $4,100.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like North Vernon, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are provided by most installers in North Vernon, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more 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 | $11,492 | 15.2 years |
| 8 kW | $4.18 | $23,419 | $15,782 | 14.9 years |
| 10 kW | $4.10 | $28,700 | $20,302 | 14.6 years |
| 12 kW | $4.02 | $33,751 | $25,051 | 14.3 years |
| 14 kW | $3.94 | $38,573 | $30,030 | 14.1 years |
| 16 kW | $3.85 | $43,165 | $35,238 | 13.8 years |
| 18 kW | $3.77 | $47,527 | $40,676 | 13.5 years |
| 20 kW | $3.69 | $51,660 | $46,344 | 13.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's North Vernon, IN Solar Cost FAQs
What is the average cost of installing solar panels in North Vernon?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally 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 more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in North Vernon?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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 bang for your buck from going solar.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in North Vernon, 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 check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.