Solar Panel Cost Guide in South Bend, IN (Feb 2023)

  • South Bend Solar Installation Cost: $16,959
  • 25-Year Savings: $22,920
  • Payback Period: 10.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in South Bend

Find out how much it might cost to go solar in South Bend.

Currently, the national average cost of solar panels is $2.66 per watt. However, in South Bend, the typical cost of solar panels is $3 per watt. To cover the typical energy needs of the average home in South Bend, most homeowners require a 9.0-kilowatt system. Using the figure above, a solar installation costs around $16,959, or $12,550 after the federal solar tax credit of 30% is applied.

The true price you pay can be higher or lower than the average in South Bend depending on several factors, such as the model of solar panels you choose and the solar company you hire. Many homeowners find installing solar panels is a solid investment. The average homeowner in South Bend can save around $17,000 on their power bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in South Bend that can help you get a more accurate cost estimate for your home.

Solar savings over time in South Bend

Year Return on Investment
1 years $-15,364
3 years $-12,174
5 years $-8,983
7 years $-5,793
9 years $-2,603
11 years $588
13 years $3,778
15 years $6,969
17 years $10,159
19 years $13,349
21 years $16,540
23 years $19,730
25 years $22,920

Top Solar Installers in South Bend

Putting up solar panels yourself can be a challenging project, which is why getting a solar installation company is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for you.

If you're searching for a solar company in South Bend, we've put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 South Bend

Factors that Affect Solar Panel Costs in South Bend

For many South Bend homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in South Bend, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,680. The brand of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in South Bend, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panels can play a role in determining how much you pay. South Bend's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in South Bend are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 $2.79 $11,706 $14,757 11.1 years
8 kW $2.73 $15,308 $19,976 10.8 years
10 kW $2.68 $18,760 $25,345 10.6 years
12 kW $2.63 $22,062 $30,864 10.4 years
14 kW $2.57 $25,213 $36,533 10.2 years
16 kW $2.52 $28,215 $42,353 10.0 years
18 kW $2.47 $31,067 $48,322 9.8 years
20 kW $2.41 $33,768 $54,442 9.6 years

How to Save on Solar Panels

Since the type of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
  • Solar Panel Brands: The kind of solar panel you want plays a part in which installer you should choose, since different companies provide different panels.
  • Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
  • Contract: Even though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 South Bend, IN Solar Cost FAQs

What is the average cost of installing solar panels in South Bend?

This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.

Are solar panels free in South Bend?

You can't get solar panels for free in South Bend. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.

Is it worth going solar in South Bend?

Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.

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 amount of 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.

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