Solar Panel Cost Guide in Scottsburg, IN (2024 Update)
- Scottsburg Solar Installation Cost: $24,790
- 25-Year Savings: $22,175
- Payback Period: 16.1 Years
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Average Cost of Solar Panels in Scottsburg
Let’s take a look at the average cost of solar in Scottsburg.
The average cost of a solar system in Scottsburg is 4 per watt.Since a 8.6-kW system is needed to cover the energy needs of a typical home in Scottsburg, the average price of going solar will be about $24,790 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Scottsburg can save about $17,000 on their power bills over 20 years.
To get a free quote from a highly rated solar installation company in Scottsburg, you can click the button below.
Solar savings over time in Scottsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-23,464 |
| 3 years | $-20,813 |
| 5 years | $-18,162 |
| 7 years | $-15,510 |
| 9 years | $-12,859 |
| 11 years | $-10,208 |
| 13 years | $-7,557 |
| 15 years | $-4,906 |
| 17 years | $-2,254 |
| 19 years | $397 |
| 21 years | $3,048 |
| 23 years | $5,699 |
| 25 years | $8,351 |
Top Solar Installers in Scottsburg
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring an installer can make converting to solar power much easier. Some solar installers, particularly local ones, can help you take advantage of incentives in Scottsburg, therefore optimizing your ROI.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Scottsburg
Factors that Affect Solar Panel Costs in Scottsburg
The cost of installing a solar system in Scottsburg can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, 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 solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bring your total well above the Scottsburg average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Scottsburg, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.Even though solar loans make switching to solar energy more accessible for Scottsburg homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Scottsburg, and each can charge different amounts for labor and equipment.Additionally, some companies in Scottsburg know more about local solar incentives and can help you make good use of 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 end up saving you 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 | $8,751 | 16.8 years |
| 8 kW | $4.18 | $23,419 | $12,127 | 16.5 years |
| 10 kW | $4.10 | $28,700 | $15,733 | 16.1 years |
| 12 kW | $4.02 | $33,751 | $19,568 | 15.8 years |
| 14 kW | $3.94 | $38,573 | $23,633 | 15.5 years |
| 16 kW | $3.85 | $43,165 | $27,928 | 15.2 years |
| 18 kW | $3.77 | $47,527 | $32,452 | 14.9 years |
| 20 kW | $3.69 | $51,660 | $37,206 | 14.5 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
- Warranty: If you’re worried about the durability of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The type of solar panel you’d like plays a part in which company you should go with, since different companies have access to different panels.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Scottsburg, IN Solar Cost FAQs
What is the average cost of installing solar panels in Scottsburg?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Scottsburg?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.