Solar Panel Cost Guide in Warsaw, IN (2024 Update)

  • Warsaw Solar Installation Cost: $25,775
  • 25-Year Savings: $26,765
  • Payback Period: 14.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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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 Warsaw

Find out how much it might cost to switch to solar power in Warsaw.

While the national average of solar panels is $2.66 per watt, solar panels in Warsaw typically cost around 4.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 installing solar panels can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what installation company you go with.With average savings of about $18,000 on electricity bills over 20 years, many homeowners in Warsaw find installing solar panels has a decent ROI.

To receive a free estimate from a top solar installation company in Warsaw, you can 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 switching to solar energy, many homeowners choose to hire a solar installation company since overseeing your solar installation yourself can be a difficult project. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company as well, which can save you more money over time.

Working with a licensed solar company can make going solar easier. Here are our recommendations:

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

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Warsaw

Factors that Affect Solar Panel Costs in Warsaw

Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Warsaw: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar system in Warsaw, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past power bills. Your total cost can increase by around $4,100 for each additional kilowatt you need.The type 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. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Warsaw average.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Warsaw homeowners choose to finance their solar panel systems to offset upfront costs.While solar loans make going solar more accessible for Warsaw homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar panel installation company you choose will influence your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 panel company you choose will affect 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 take into account, including:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
  • Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
  • Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

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

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Warsaw, IN Solar Cost FAQs

How much does it cost to install solar panels in Warsaw?

This is a tough question to answer exactly, because the cost depends on a variety of 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 more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.

Should I lease or buy solar panels in Warsaw?

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 can’t take advantage of 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 financial benefits from going solar.

Do solar panels increase how much your home is worth?

Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go 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 do I need to power my home?

To figure out how many solar panels you need, you should find out how much energy your home uses 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.

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