Solar Panel Cost Guide in Pittsboro, IN (Feb 2023)
- Pittsboro Solar Installation Cost: $16,528
- 25-Year Savings: $24,651
- Payback Period: 10.0 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Pittsboro
Here's how much it might cost to switch to solar power in Pittsboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pittsboro, the average cost of a solar system is $3 per watt. The average solar panel system size in Pittsboro is around 8.8 kilowatts, meaning a cost of about $16,528 for a solar installation, or $12,231 after the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Pittsboro homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $18,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar company in Pittsboro for a quote for your home.
Solar savings over time in Pittsboro
| Year | Return on Investment |
|---|---|
| 1 years | $-14,880 |
| 3 years | $-11,586 |
| 5 years | $-8,292 |
| 7 years | $-4,998 |
| 9 years | $-1,703 |
| 11 years | $1,591 |
| 13 years | $4,885 |
| 15 years | $8,179 |
| 17 years | $11,474 |
| 19 years | $14,768 |
| 21 years | $18,062 |
| 23 years | $21,356 |
| 25 years | $24,651 |
Top Solar Installers in Pittsboro
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using an installer can make converting to solar power much easier. Plus, if you aren't sure what brand of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar installer in Pittsboro, we've compiled a list of our top suggestions here:
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 Pittsboro
Factors that Affect Solar Panel Costs in Pittsboro
There are many criteria that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,680. Some solar 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. 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
Many homeowners find the average cost of solar in Pittsboro to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
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 PV system. Similar to choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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
Since the kind of solar panels and the company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind 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.
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 Pittsboro, IN Solar Cost FAQs
How much does it cost to install solar panels in Pittsboro?
The average cost of solar panels in Pittsboro is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Pittsboro have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How long do solar panels last in Pittsboro?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.