Solar Panel Cost Guide in Tell City, IN (2024 Update)
- Tell City Solar Installation Cost: $24,541
- 25-Year Savings: $25,021
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Tell City
Let’s take a look at the average cost of solar panels in Tell City.
In Tell City, solar panels cost about 4 per watt on average.Because a 8.6-kW system is needed to cover the energy usage of a typical home in Tell City, the average price of going solar will be about $24,541 after claiming the federal solar tax credit of 0.
These figures are only averages, and the cost of going solar for you may differ based on your specific situation and what company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Tell City can save about $18,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a personalized quote.
Solar savings over time in Tell City
| Year | Return on Investment |
|---|---|
| 1 years | $-23,065 |
| 3 years | $-20,114 |
| 5 years | $-17,162 |
| 7 years | $-14,211 |
| 9 years | $-11,260 |
| 11 years | $-8,308 |
| 13 years | $-5,357 |
| 15 years | $-2,405 |
| 17 years | $546 |
| 19 years | $3,498 |
| 21 years | $6,449 |
| 23 years | $9,400 |
| 25 years | $12,352 |
Top Solar Installers in Tell City
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your swap to solar power much easier. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you’d like to make the switch to solar but still aren’t sure which solar panel company to go with, here are our recommendations for providers in Tell City:
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 Tell City
Factors that Affect Solar Panel Costs in Tell City
For many Tell City homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Tell City, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The kind of 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. However, more efficient panels could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Tell City average.
Solar Financing Terms
Many homeowners find the average cost of solar in Tell City to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Tell City is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that offer a range of services for different budgets.Additionally, some companies in Tell City know more about local solar incentives and can help you take advantage 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 | $10,904 | 15.5 years |
| 8 kW | $4.18 | $23,419 | $14,998 | 15.2 years |
| 10 kW | $4.10 | $28,700 | $19,321 | 14.9 years |
| 12 kW | $4.02 | $33,751 | $23,874 | 14.6 years |
| 14 kW | $3.94 | $38,573 | $28,657 | 14.3 years |
| 16 kW | $3.85 | $43,165 | $33,669 | 14.0 years |
| 18 kW | $3.77 | $47,527 | $38,911 | 13.7 years |
| 20 kW | $3.69 | $51,660 | $44,382 | 13.4 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, such as:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
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 Tell City, IN Solar Cost FAQs
How much does it cost to install solar panels in Tell City?
This is a tough question to answer precisely, because the cost depends on a few different 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 other solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Tell City?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Tell City?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Tell City?
On average, the lifespan of solar panels is 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 level 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.