Solar Panel Cost Guide in Warsaw, IN (2025 Update)
- Warsaw Solar Installation Cost: $25,775
- 25-Year Savings: $26,765
- Payback Period: 14.8 Years
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Average Cost of Solar Panels in Warsaw
Find out how much it might cost to switch to solar power in Warsaw.
In Warsaw, solar panels cost about 4 per watt on average.The average Warsaw homeowner needs a 9.0-kilowatt system, which would cost about $25,775 with the federal tax credit, or $36,858 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary based on several factors, such as what size system you need, your energy usage and what solar installer you go with.Despite the significant upfront cost, the average Warsaw homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Warsaw
| Year | Return on Investment |
|---|---|
| 1 years | $-24,055 |
| 3 years | $-20,615 |
| 5 years | $-17,176 |
| 7 years | $-13,736 |
| 9 years | $-10,297 |
| 11 years | $-6,858 |
| 13 years | $-3,418 |
| 15 years | $21 |
| 17 years | $3,461 |
| 19 years | $6,900 |
| 21 years | $10,340 |
| 23 years | $13,779 |
| 25 years | $17,219 |
Top Solar Installers in Warsaw
When going solar, many homeowners choose to hire a solar company since putting up solar panels yourself can be a challenging project. Solar companies provide key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you're on the hunt for a solar installer in Warsaw, the EcoWatch team has compiled 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
See all of the solar companies in Warsaw
Factors that Affect Solar Panel Costs in Warsaw
Though the average cost of a solar system in Warsaw is $25,775, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $4,100 per kilowatt in Warsaw.There are many different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular choice because they lower your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your total costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Warsaw is the company you hire to install your solar 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 at different costs.Additionally, some companies in Warsaw are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $4.26 | $17,909 | $11,229 | 15.4 years |
| 8 kW | $4.18 | $23,419 | $15,431 | 15.1 years |
| 10 kW | $4.10 | $28,700 | $19,863 | 14.8 years |
| 12 kW | $4.02 | $33,751 | $24,524 | 14.5 years |
| 14 kW | $3.94 | $38,573 | $29,415 | 14.2 years |
| 16 kW | $3.85 | $43,165 | $34,535 | 13.9 years |
| 18 kW | $3.77 | $47,527 | $39,885 | 13.6 years |
| 20 kW | $3.69 | $51,660 | $45,465 | 13.3 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should opt for, since different companies have different panels.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project timeline rebates and warranties.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Warsaw, IN Solar Cost FAQs
How much does it cost to install solar panels in Warsaw?
The average cost of solar panels in Warsaw is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Warsaw?
Leasing solar panels can be an attractive choice, because it commonly 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Do solar panels increase your property value?
Solar panels can increase your home value 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 solar panels."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.