Solar Panel Cost Guide in Sellersburg, IN (2024 Update)
- Sellersburg Solar Installation Cost: $24,797
- 25-Year Savings: $24,222
- Payback Period: 15.3 Years
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Average Cost of Solar Panels in Sellersburg
Let’s have a look at the average cost of solar in Sellersburg.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sellersburg, the average cost of a solar system is 4 per watt.Using this figure, a typical 8.6-kW system would cost about $24,797 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar system you want, your solar contractor and more.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Sellersburg can save around $18,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Sellersburg for a quote for your home.
Solar savings over time in Sellersburg
| Year | Return on Investment |
|---|---|
| 1 years | $-23,471 |
| 3 years | $-20,820 |
| 5 years | $-18,169 |
| 7 years | $-15,518 |
| 9 years | $-12,867 |
| 11 years | $-10,215 |
| 13 years | $-7,564 |
| 15 years | $-4,913 |
| 17 years | $-2,262 |
| 19 years | $390 |
| 21 years | $3,041 |
| 23 years | $5,692 |
| 25 years | $8,343 |
Top Solar Installers in Sellersburg
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar panel installer can make converting to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Sellersburg
Factors that Affect Solar Panel Costs in Sellersburg
The cost of installing a solar system in Sellersburg can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $4,100. The type of solar equipment you choose can increase or decrease your cost 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 power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Sellersburg average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Sellersburg homeowners choose to finance their solar panel systems to make paying for solar more affordable.Though solar loans make switching to solar energy more accessible for Sellersburg homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Sellersburg, and each can charge varying amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $10,168 | 15.9 years |
| 8 kW | $4.18 | $23,419 | $14,016 | 15.6 years |
| 10 kW | $4.10 | $28,700 | $18,094 | 15.3 years |
| 12 kW | $4.02 | $33,751 | $22,402 | 15.0 years |
| 14 kW | $3.94 | $38,573 | $26,939 | 14.7 years |
| 16 kW | $3.85 | $43,165 | $31,706 | 14.4 years |
| 18 kW | $3.77 | $47,527 | $36,702 | 14.1 years |
| 20 kW | $3.69 | $51,660 | $41,928 | 13.8 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending 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 the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
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 Sellersburg, IN Solar Cost FAQs
How much does it cost to install solar panels in Sellersburg?
The average cost of solar panels in Sellersburg 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my home 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 Sellersburg is currently $286,376, so you can expect a value of about $11,741 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Sellersburg is a worthwhile investment.
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 decreases 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.