Solar Panel Cost Guide in Plainfield, IN (Oct 2022)

  • Plainfield Solar Installation Cost: $16,528
  • 25-Year Savings: $23,537
  • Payback Period: 10.3 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Plainfield

Here's how much it might cost to go solar in Plainfield.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Plainfield, the typical cost of solar panels is $3 per watt. Since a 8.8-kW system is needed to cover the energy usage of a typical home in Plainfield, the average price of going solar will be about $16,528 before claiming the federal solar tax credit of 30%.

Keep in mind that the figures above are only estimates based on the average energy use of Plainfield homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $17,000 on energy bills over 20 years, many homeowners in Plainfield find going solar can pay off big.

For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Plainfield

Year Return on Investment
1 years $-14,925
3 years $-11,720
5 years $-8,515
7 years $-5,310
9 years $-2,104
11 years $1,101
13 years $4,306
15 years $7,511
17 years $10,716
19 years $13,921
21 years $17,127
23 years $20,332
25 years $23,537

Top Solar Installers in Plainfield

Although you can install solar panels by yourself, it involves extra energy and know-how. That's one of the reasons almost all homeowners choose to hire a solar panel installer. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.

You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Plainfield

Factors that Affect Solar Panel Costs in Plainfield

Although the average cost of solar panels in Plainfield is $16,528, your final cost may be higher or lower than that. 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 crucial things to consider.

Solar Equipment Size

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,680 per kilowatt in Plainfield. The type of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.

Solar Financing Terms

Most solar installers in Plainfield provide solar loans, which reduce the initial cost of installing a solar system. Although solar loans make adopting solar energy more accessible for Plainfield homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Lastly, the company you choose to install your solar panels can play a part in determining the cost. Plainfield's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 $15,587 10.7 years
8 kW $2.73 $15,308 $21,082 10.5 years
10 kW $2.68 $18,760 $26,728 10.3 years
12 kW $2.63 $22,062 $32,524 10.1 years
14 kW $2.57 $25,213 $38,470 9.9 years
16 kW $2.52 $28,215 $44,566 9.7 years
18 kW $2.47 $31,067 $50,812 9.5 years
20 kW $2.41 $33,768 $57,209 9.3 years

Solar Incentives in Plainfield

Name Renewable Energy Property Tax Exemption
Website Visit here
More Info Click here

Name NineStar Connect - Residential Energy Efficient Equipment Rebate Program
Website Visit here
More Info Click here

Name South Central Indiana REMC - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Noble REMC - Residential Energy Efficiency Rebate Incentives
Website Visit here
More Info Click here

Name Johnson County REMC - Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Wabash Valley Power Association (28 Member Cooperatives) - Residential Energy Efficiency Program
Website Visit here
More Info Click here

Name NIPSCO - Feed-In Tariff
Website Visit here
More Info Click here

Name Duke Energy - Residential and Builder Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

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 consider, including:

  • Contract: Before signing a contract with a solar installer, make sure you look it over carefully so you understand the terms. Also, ask questions if you're unsure 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.
  • Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
  • Solar Panel Brands: Different companies have various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
  • Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Plainfield, IN Solar Cost FAQs

What is the average cost of installing solar panels in Plainfield?

The average cost of solar panels in Plainfield is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Plainfield?

Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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 savings from going solar.

Is going solar worth it?

Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.

How many solar panels do I need to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.

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