Solar Panel Cost Guide in Roselawn, IN (2024 Update)
- Roselawn Solar Installation Cost: $25,473
- 25-Year Savings: $29,044
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Roselawn
We go over average solar pricing in Roselawn.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Roselawn, the average cost of solar panels is 4 per watt.Since a 8.9-kW system is needed to cover the energy consumption of a typical home in Roselawn, the average price of going solar will be about $25,473 after claiming the federal solar tax credit of 0.
These figures are just averages, and your own solar costs will most likely vary based on your energy needs and what company you want to go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $20,000 over 20 years on energy bills.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Roselawn
| Year | Return on Investment |
|---|---|
| 1 years | $-23,753 |
| 3 years | $-20,314 |
| 5 years | $-16,874 |
| 7 years | $-13,435 |
| 9 years | $-9,995 |
| 11 years | $-6,556 |
| 13 years | $-3,117 |
| 15 years | $323 |
| 17 years | $3,762 |
| 19 years | $7,202 |
| 21 years | $10,641 |
| 23 years | $14,081 |
| 25 years | $17,520 |
Top Solar Installers in Roselawn
Putting up solar panels by yourself can be a dangerous project, which is why hiring a solar installation company is a good option for many homeowners. Another perk of going with a solar installer is that they can help you make the most of your return of investment by bringing down your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Roselawn
Factors that Affect Solar Panel Costs in Roselawn
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Roselawn: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $4,100. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact the cost. Roselawn’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to 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 down 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 | $4.26 | $17,909 | $12,981 | 14.5 years |
| 8 kW | $4.18 | $23,419 | $17,767 | 14.2 years |
| 10 kW | $4.10 | $28,700 | $22,783 | 13.9 years |
| 12 kW | $4.02 | $33,751 | $28,028 | 13.7 years |
| 14 kW | $3.94 | $38,573 | $33,503 | 13.4 years |
| 16 kW | $3.85 | $43,165 | $39,208 | 13.1 years |
| 18 kW | $3.77 | $47,527 | $45,142 | 12.8 years |
| 20 kW | $3.69 | $51,660 | $51,306 | 12.5 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Installation Process: When making the switch to solar energy, it’s necessary to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: Companies that have been in business for many years 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 service, such as part repairs and replacements.
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 Roselawn, IN Solar Cost FAQs
How much does it cost to install solar panels in Roselawn?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Roselawn?
Solar panels aren’t free in Roselawn, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Roselawn is currently $264,295, so you can expect a value of about $10,836 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Roselawn is a fruitful investment.
How many solar panels should I get 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 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.