Solar Panel Cost Guide in Roselawn, IN (2023 Update)
- Roselawn Solar Installation Cost: $25,473
- 25-Year Savings: $29,044
- Payback Period: 13.9 Years
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Updated October 25, 2023
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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 typical cost of solar panels is 4 per watt.The average solar panel system size in Roselawn is around 8.9 kilowatts, meaning a cost of about $25,473 for a solar installation, or $36,426 before the 0 federal solar tax credit is applied.
These figures are only estimates, and your own solar costs may differ based on factors unique to your home and what company you want to go with.But, once you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $20,000 over 20 years on electricity bills.
To receive a free estimate from a vetted solar installer in Roselawn, you can 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
Many homeowners choose to use a solar installation company since trying to install solar panels yourself can be a labor-intensive endeavor. In addition, if you’d like to maximize your investment in solar power, going with a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
If you're looking for a solar company in Roselawn, the EcoWatch team has organized 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
The cost of installing a solar system in Roselawn can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,100.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 come at a higher price 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 greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Roselawn offer solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also adds to your overall costs, so it’s vital to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Roselawn is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Roselawn know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $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 company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar company, make sure you read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
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?
The average cost of solar panels in Roselawn is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Roselawn?
A solar panel system isn’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 further reduce the cost.
Do solar panels increase your property value?
Buying or financing solar panels for your home 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 exact figures will vary, but most experts agree that installing solar panels in Roselawn is a worthwhile investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.