Solar Panel Cost Guide in Plymouth, IN (2023 Update)
- Plymouth Solar Installation Cost: $16,884
- 25-Year Savings: $29,299
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Plymouth
Let's have a look at the average cost of solar in Plymouth.
While the national average of solar panels is $2.66 per watt, solar panels in Plymouth generally cost about 2.68. Because a 9.0-kW system is needed to cover the energy usage of a typical home in Plymouth, the average price of going solar will be about $16,884 after claiming the federal solar tax credit of 30%.
These figures are just averages, and the cost of going solar for you may look different based on your energy needs and what company you go with. Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Plymouth can save around $20,000 on their power bills over 20 years.
To receive a free estimate from a highly rated solar company in Plymouth, you can click the button below.
Solar savings over time in Plymouth
| Year | Return on Investment |
|---|---|
| 1 years | $-15,037 |
| 3 years | $-11,342 |
| 5 years | $-7,647 |
| 7 years | $-3,953 |
| 9 years | $-258 |
| 11 years | $3,437 |
| 13 years | $7,131 |
| 15 years | $10,826 |
| 17 years | $14,520 |
| 19 years | $18,215 |
| 21 years | $21,910 |
| 23 years | $25,604 |
| 25 years | $29,299 |
Top Solar Installers in Plymouth
Many homeowners opt for a solar panel installer since trying to put up solar panels on your own can be a lot of work. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Plymouth
Factors that Affect Solar Panel Costs in Plymouth
There are a number of factors that can play into 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
One of the most important factors to consider when it comes to the cost of installing solar panels 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 around $2,680 per kilowatt in Plymouth. The type of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, 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 searching for a solar system that's in your budget.
Solar Financing Terms
Most solar companies in Plymouth offer solar loans, which reduce your upfront costs of installing solar panels. 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 reduce the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Plymouth, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $19,086 | 9.5 years |
| 8 kW | $2.73 | $15,308 | $25,749 | 9.3 years |
| 10 kW | $2.68 | $18,760 | $32,561 | 9.1 years |
| 12 kW | $2.63 | $22,062 | $39,523 | 9.0 years |
| 14 kW | $2.57 | $25,213 | $46,636 | 8.8 years |
| 16 kW | $2.52 | $28,215 | $53,898 | 8.6 years |
| 18 kW | $2.47 | $31,067 | $61,311 | 8.4 years |
| 20 kW | $2.41 | $33,768 | $68,874 | 8.2 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your overall 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 take into account, including:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- 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 such as a system part breaking or if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
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 Plymouth, IN Solar Cost FAQs
What is the average cost of installing solar panels in Plymouth?
This is a hard question to answer precisely, because the cost depends on a variety of 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, 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 Plymouth?
You can't get solar panels for free in Plymouth. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Plymouth, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.