Solar Panel Cost Guide in Rushville, IN (2024 Update)
- Rushville Solar Installation Cost: $25,213
- 25-Year Savings: $26,658
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Rushville
Find out what the average cost of installing solar panels is in Rushville.
The average cost of solar panels in Rushville is 4 per watt.The average solar panel system size in Rushville is around 8.8 kilowatts, meaning a cost of about $25,213 for a solar installation, or $36,055 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will vary based on factors unique to your home and what company you go with.Many homeowners find installing a solar system is a solid investment. The average homeowner in Rushville can save about $19,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar company in your area for a custom estimate.
Solar savings over time in Rushville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,887 |
| 3 years | $-21,236 |
| 5 years | $-18,585 |
| 7 years | $-15,933 |
| 9 years | $-13,282 |
| 11 years | $-10,631 |
| 13 years | $-7,980 |
| 15 years | $-5,329 |
| 17 years | $-2,677 |
| 19 years | $-26 |
| 21 years | $2,625 |
| 23 years | $5,276 |
| 25 years | $7,927 |
Top Solar Installers in Rushville
Many homeowners opt for a solar installation company since installing solar panels by yourself can be a labor-intensive endeavor. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
If you're looking for a solar installer in Rushville, 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 Rushville
Factors that Affect Solar Panel Costs in Rushville
The cost of installing a solar system in Rushville 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 company you choose.
Solar Equipment
The cost of solar panel systems 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 need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,100.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Rushville average.
Solar Financing Terms
Most solar installers in Rushville have solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Rushville, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $11,554 | 15.2 years |
| 8 kW | $4.18 | $23,419 | $15,865 | 14.9 years |
| 10 kW | $4.10 | $28,700 | $20,405 | 14.6 years |
| 12 kW | $4.02 | $33,751 | $25,175 | 14.3 years |
| 14 kW | $3.94 | $38,573 | $30,174 | 14.0 years |
| 16 kW | $3.85 | $43,165 | $35,403 | 13.7 years |
| 18 kW | $3.77 | $47,527 | $40,861 | 13.4 years |
| 20 kW | $3.69 | $51,660 | $46,550 | 13.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Contract: Before signing a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
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 Rushville, IN Solar Cost FAQs
How much does it cost to install solar panels in Rushville?
The average cost of solar panels in Rushville is about $20,500 for a 5-kW system and $41,000 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.
Is it better to lease or buy solar panels in Rushville?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $982.10 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 account for 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.