Solar Panel Cost Guide in St John, IN (2023 Update)
- St John Solar Installation Cost: $16,771
- 25-Year Savings: $29,786
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in St John
We go over average solar pricing in St John.
The average cost of a solar system in St John is 2.68 per watt. Since a 8.9-kW system is needed to cover the energy needs of a typical home in St John, the average price of going solar will be about $16,771 after claiming the federal solar tax credit of 30%.
These figures are just averages, and how much solar costs for you will most likely differ based on your energy needs and what company you go with. Despite the high upfront cost, the average St John homeowner can save around $20,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in St John
| Year | Return on Investment |
|---|---|
| 1 years | $-14,909 |
| 3 years | $-11,185 |
| 5 years | $-7,460 |
| 7 years | $-3,735 |
| 9 years | $-11 |
| 11 years | $3,714 |
| 13 years | $7,438 |
| 15 years | $11,163 |
| 17 years | $14,887 |
| 19 years | $18,612 |
| 21 years | $22,336 |
| 23 years | $26,061 |
| 25 years | $29,786 |
Top Solar Installers in St John
Putting up solar panels on your own can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're searching for a solar installer in St John, we've 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 St John
Factors that Affect Solar Panel Costs in St John
Although the average cost of a solar system in St John is $16,771, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar energy system in St John, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by about $2,680 for each additional kilowatt you need. The type of 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. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the St John average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many St John homeowners choose to finance their solar panel systems to make going solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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 | $19,538 | 9.4 years |
| 8 kW | $2.73 | $15,308 | $26,351 | 9.2 years |
| 10 kW | $2.68 | $18,760 | $33,314 | 9.0 years |
| 12 kW | $2.63 | $22,062 | $40,427 | 8.8 years |
| 14 kW | $2.57 | $25,213 | $47,690 | 8.6 years |
| 16 kW | $2.52 | $28,215 | $55,103 | 8.5 years |
| 18 kW | $2.47 | $31,067 | $62,666 | 8.3 years |
| 20 kW | $2.41 | $33,768 | $70,380 | 8.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in St John, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you need to install plays a role in which company you should go with, since different companies have different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Contract: Before signing a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the project timeline.
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 St John, IN Solar Cost FAQs
How much does it cost to install solar panels in St John?
The average cost of solar panels in St John is about $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on stuff like 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 St John?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Does St John have a net metering program?
Each state has some kind 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 give you credit toward your future power bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.