Solar Panel Cost Guide in Pendleton, IN (Mar 2023)
- Pendleton Solar Installation Cost: $16,659
- 25-Year Savings: $23,516
- Payback Period: 10.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Pendleton
We go over average solar pricing in Pendleton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pendleton, the typical cost of solar panels is 2.68 per watt. Because a 8.9-kW system is needed to cover the energy needs of a typical home in Pendleton, the average price of going solar will be about $16,659 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. For most homeowners, the upfront investment in solar is worth paying. On average Pendleton homeowners see about $17,000 in savings on electricity bills over 20 years.
To receive a free estimate from a pre-vetted solar installer in Pendleton, you can click the button below.
Solar savings over time in Pendleton
| Year | Return on Investment |
|---|---|
| 1 years | $-15,052 |
| 3 years | $-11,838 |
| 5 years | $-8,624 |
| 7 years | $-5,410 |
| 9 years | $-2,196 |
| 11 years | $1,018 |
| 13 years | $4,232 |
| 15 years | $7,446 |
| 17 years | $10,660 |
| 19 years | $13,874 |
| 21 years | $17,088 |
| 23 years | $20,302 |
| 25 years | $23,516 |
Top Solar Installers in Pendleton
When switching to solar energy, many homeowners choose to use a solar installation company since DIY solar panel installation can be a challenging project. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some nearby:
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 Pendleton
Factors that Affect Solar Panel Costs in Pendleton
There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's a priority to accurately assess 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 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, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Pendleton average.
Solar Financing Terms
Many homeowners find the average cost of solar in Pendleton to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you select will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $15,433 | 10.8 years |
| 8 kW | $2.73 | $15,308 | $20,877 | 10.6 years |
| 10 kW | $2.68 | $18,760 | $26,472 | 10.4 years |
| 12 kW | $2.63 | $22,062 | $32,217 | 10.2 years |
| 14 kW | $2.57 | $25,213 | $38,111 | 10.0 years |
| 16 kW | $2.52 | $28,215 | $44,156 | 9.7 years |
| 18 kW | $2.47 | $31,067 | $50,351 | 9.5 years |
| 20 kW | $2.41 | $33,768 | $56,696 | 9.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should opt for, since different companies offer different panels.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most 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 (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 Pendleton, IN Solar Cost FAQs
What is the average cost of installing solar panels in Pendleton?
This is a hard question to answer exactly, because the cost depends on many 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 be more expensive if you want other solar equipment or more efficient 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 expensive solar panels.
Can you get solar panels for free in Pendleton?
You can't get solar panels for free in Pendleton. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Pendleton have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
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 needs 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.