Solar Panel Cost Guide in Pittsboro, IN (2023 Update)
- Pittsboro Solar Installation Cost: $16,523
- 25-Year Savings: $24,655
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pittsboro
Find out what the average cost of a solar system is in Pittsboro.
While the national average of solar panels is $2.66 per watt, solar panels in Pittsboro typically cost around 2.68. The average Pittsboro homeowner needs a 8.8-kilowatt system, which would cost about $16,528 with the federal tax credit, or $23,635 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Pittsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-15,197 |
| 3 years | $-12,546 |
| 5 years | $-9,895 |
| 7 years | $-7,244 |
| 9 years | $-4,593 |
| 11 years | $-1,941 |
| 13 years | $710 |
| 15 years | $3,361 |
| 17 years | $6,012 |
| 19 years | $8,664 |
| 21 years | $11,315 |
| 23 years | $13,966 |
| 25 years | $16,617 |
Top Solar Installers in Pittsboro
Although it's possible to install solar panels by yourself, it requires extra effort and know-how. That's one of the reasons the majority of homeowners choose a solar panel installer. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers in Pittsboro:
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 Pittsboro
Factors that Affect Solar Panel Costs in Pittsboro
The cost of installing a solar system in Pittsboro can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $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 choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Pittsboro average.
Solar Financing Terms
Many homeowners find the average cost of solar in Pittsboro to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time due to interest. It's wise 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 the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Pittsboro, and each can charge different amounts for labor and equipment. Companies that 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 with an above-average cost. It's best to do some research and find a company that provides the products, warranties and services you're looking for 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 | $16,346 | 10.4 years |
| 8 kW | $2.73 | $15,308 | $22,094 | 10.2 years |
| 10 kW | $2.68 | $18,760 | $27,993 | 10.0 years |
| 12 kW | $2.63 | $22,062 | $34,042 | 9.8 years |
| 14 kW | $2.57 | $25,213 | $40,241 | 9.6 years |
| 16 kW | $2.52 | $28,215 | $46,590 | 9.4 years |
| 18 kW | $2.47 | $31,067 | $53,089 | 9.2 years |
| 20 kW | $2.41 | $33,768 | $59,738 | 9.0 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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 Pittsboro, IN Solar Cost FAQs
What is the average cost of installing solar panels in Pittsboro?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Pittsboro?
You can't get solar panels for free in Pittsboro. 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'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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.