Solar Panel Cost Guide in Roselawn, IN (2023 Update)
- Roselawn Solar Installation Cost: $16,659
- 25-Year Savings: $29,036
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Roselawn
Let's take a look at the average cost of solar panels in Roselawn.
Although the national average of solar panels is $2.66 per watt, solar panels in Roselawn typically cost about 2.68. To account for the typical energy needs of the average home in Roselawn, most homeowners require a 8.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $16,659, or $23,822 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more. Many homeowners find going solar is a solid investment. The average homeowner in Roselawn can save about $20,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Roselawn for a quote for your home.
Solar savings over time in Roselawn
| Year | Return on Investment |
|---|---|
| 1 years | $-14,831 |
| 3 years | $-11,176 |
| 5 years | $-7,520 |
| 7 years | $-3,864 |
| 9 years | $-209 |
| 11 years | $3,447 |
| 13 years | $7,102 |
| 15 years | $10,758 |
| 17 years | $14,413 |
| 19 years | $18,069 |
| 21 years | $21,724 |
| 23 years | $25,380 |
| 25 years | $29,036 |
Top Solar Installers in Roselawn
When going solar, many homeowners decide to hire a solar installation company since DIY solar panel installation can be a time-consuming project. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
If you're looking for a solar installer in Roselawn, we've put together 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
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
For many Roselawn homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Roselawn, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they reduce 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 go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Roselawn, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Roselawn are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $2.79 | $11,706 | $19,184 | 9.5 years |
| 8 kW | $2.73 | $15,308 | $25,878 | 9.3 years |
| 10 kW | $2.68 | $18,760 | $32,723 | 9.1 years |
| 12 kW | $2.63 | $22,062 | $39,718 | 8.9 years |
| 14 kW | $2.57 | $25,213 | $46,863 | 8.7 years |
| 16 kW | $2.52 | $28,215 | $54,158 | 8.6 years |
| 18 kW | $2.47 | $31,067 | $61,603 | 8.4 years |
| 20 kW | $2.41 | $33,768 | $69,198 | 8.2 years |
How to Save on Solar Panels
There are numerous companies to choose from in Roselawn, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, be sure to read it through completely 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 if there are any guarantees about energy production.
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
What is the average cost of installing solar panels in Roselawn?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Roselawn?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs 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 household 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.