Solar Panel Cost Guide in Pittsboro, IN (2024 Update)
- Pittsboro Solar Installation Cost: $25,278
- 25-Year Savings: $24,655
- Payback Period: 15.3 Years
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Average Cost of Solar Panels in Pittsboro
We break down average solar pricing in Pittsboro.
The national average cost of solar panels is $2.66 per watt, but in Pittsboro it’s 4 per watt.The average Pittsboro homeowner needs a 8.8-kilowatt system, which would cost about $25,278 with the federal tax credit, or $36,148 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what installation company you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Pittsboro can save around $18,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Pittsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-23,952 |
| 3 years | $-21,301 |
| 5 years | $-18,650 |
| 7 years | $-15,999 |
| 9 years | $-13,347 |
| 11 years | $-10,696 |
| 13 years | $-8,045 |
| 15 years | $-5,394 |
| 17 years | $-2,742 |
| 19 years | $-91 |
| 21 years | $2,560 |
| 23 years | $5,211 |
| 25 years | $7,862 |
Top Solar Installers in Pittsboro
When going solar, many homeowners prefer to go with a solar installation company since handling can be a time-consuming project. Some solar companies, particularly local ones, can help you better understand incentives in Pittsboro, optimizing your ROI.
If you’d like to go solar but still aren’t certain which solar system company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
While the average cost of a solar system in Pittsboro is $25,278, your actual cost may differ. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $4,100 per kilowatt in Pittsboro.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Pittsboro, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Pittsboro homeowners choose to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Pittsboro is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Pittsboro have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $10,143 | 16.0 years |
| 8 kW | $4.18 | $23,419 | $13,983 | 15.7 years |
| 10 kW | $4.10 | $28,700 | $18,053 | 15.3 years |
| 12 kW | $4.02 | $33,751 | $22,352 | 15.0 years |
| 14 kW | $3.94 | $38,573 | $26,881 | 14.7 years |
| 16 kW | $3.85 | $43,165 | $31,640 | 14.4 years |
| 18 kW | $3.77 | $47,527 | $36,628 | 14.1 years |
| 20 kW | $3.69 | $51,660 | $41,846 | 13.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you’d like plays a part in which company you should opt for, since different companies offer different panels.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
How much does it cost to install solar panels in Pittsboro?
This is a tough question to answer precisely, because the cost depends on many 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Pittsboro, 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 contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses 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.