Solar Panel Cost Guide in Upland, IN (2023 Update)
- Upland Solar Installation Cost: $16,678
- 25-Year Savings: $21,884
- Payback Period: 10.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Upland
Find out what the average cost of solar panel installation is in Upland.
The national average cost of solar panels is $2.66 per watt, but in Upland it's 2.68 per watt. Using this figure, a typical 8.9-kW system would cost about $16,678 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Upland depending on several factors, such as the type of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $16,000 in savings on utility bills over 20 years.
To get a free estimate from a top solar company in Upland, you can click the button below.
Solar savings over time in Upland
| Year | Return on Investment |
|---|---|
| 1 years | $-15,135 |
| 3 years | $-12,050 |
| 5 years | $-8,965 |
| 7 years | $-5,880 |
| 9 years | $-2,796 |
| 11 years | $289 |
| 13 years | $3,374 |
| 15 years | $6,459 |
| 17 years | $9,544 |
| 19 years | $12,629 |
| 21 years | $15,714 |
| 23 years | $18,799 |
| 25 years | $21,884 |
Top Solar Installers in Upland
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring a solar company can make your swap to solar power much easier. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're on the hunt for a solar installer in Upland, the EcoWatch team has 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 (coming 2022)
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 Upland
Factors that Affect Solar Panel Costs in Upland
Though the average cost of a solar system in Upland is $16,678, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar panel system you need, 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 about $2,680. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Upland to be too steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can influence the cost. Upland's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for and also fit into your budget.
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 | $14,323 | 11.2 years |
| 8 kW | $2.73 | $15,308 | $19,398 | 11.0 years |
| 10 kW | $2.68 | $18,760 | $24,623 | 10.8 years |
| 12 kW | $2.63 | $22,062 | $29,998 | 10.6 years |
| 14 kW | $2.57 | $25,213 | $35,522 | 10.4 years |
| 16 kW | $2.52 | $28,215 | $41,197 | 10.2 years |
| 18 kW | $2.47 | $31,067 | $47,022 | 9.9 years |
| 20 kW | $2.41 | $33,768 | $52,997 | 9.7 years |
How to Save on Solar Panels
There are numerous companies available in Upland, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Installation Process: An important thing to understand when going solar 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 how long the project will take.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Upland, IN Solar Cost FAQs
What is the average cost of installing solar panels in Upland?
This is a hard question to answer exactly, because the cost depends on many 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 other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Upland?
A solar panel system isn't free in Upland, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your property value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home 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.