Solar Panel Cost Guide in Sellersburg, IN (2023 Update)
- Sellersburg Solar Installation Cost: $16,209
- 25-Year Savings: $24,222
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sellersburg
Find out what the average cost of solar panels are in Sellersburg.
The average cost of a solar panel system in Sellersburg is 2.68 per watt. To account for the typical energy usage of the average home in Sellersburg, most homeowners require a 8.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,209, or $23,179 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what installation company you go with. But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $18,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar company in Sellersburg for a quote for your home.
Solar savings over time in Sellersburg
| Year | Return on Investment |
|---|---|
| 1 years | $-16,074 |
| 3 years | $-15,804 |
| 5 years | $-15,535 |
| 7 years | $-15,265 |
| 9 years | $-14,996 |
| 11 years | $-14,726 |
| 13 years | $-14,457 |
| 15 years | $-14,187 |
| 17 years | $-13,918 |
| 19 years | $-13,648 |
| 21 years | $-13,379 |
| 23 years | $-13,109 |
| 25 years | $-12,840 |
Top Solar Installers in Sellersburg
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring a solar company can make converting to solar power much easier. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar installer in Sellersburg, 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 Sellersburg
Factors that Affect Solar Panel Costs in Sellersburg
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Sellersburg: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $2,680 per kilowatt in Sellersburg. There are several different solar panel brands and the one you choose also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Sellersburg offer solar loans, which reduce the initial cost of installing solar. However, the interest on solar loans also adds to your overall costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Sellersburg, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $16,370 | 10.4 years |
| 8 kW | $2.73 | $15,308 | $22,127 | 10.2 years |
| 10 kW | $2.68 | $18,760 | $28,034 | 10.0 years |
| 12 kW | $2.63 | $22,062 | $34,091 | 9.8 years |
| 14 kW | $2.57 | $25,213 | $40,298 | 9.6 years |
| 16 kW | $2.52 | $28,215 | $46,656 | 9.4 years |
| 18 kW | $2.47 | $31,067 | $53,163 | 9.2 years |
| 20 kW | $2.41 | $33,768 | $59,820 | 9.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: The brand of solar panel you'd like to install plays a role in which company you should opt for, since different companies have access to different panels.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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
What is the average cost of installing solar panels in Sellersburg?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Sellersburg, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 install 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.