Solar Panel Cost Guide in Westfield, IN (Mar 2023)
- Westfield Solar Installation Cost: $16,659
- 25-Year Savings: $22,632
- Payback Period: 10.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Westfield
Find out what the average cost of solar panel installation is in Westfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Westfield, the average cost of a solar system is 2.68 per watt. To cover the typical energy usage of the average home in Westfield, most homeowners require a 8.9-kilowatt system. Using the per-watt figure above, a solar installation costs about $16,659, or $23,822 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
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 Westfield
| Year | Return on Investment |
|---|---|
| 1 years | $-15,087 |
| 3 years | $-11,944 |
| 5 years | $-8,801 |
| 7 years | $-5,657 |
| 9 years | $-2,514 |
| 11 years | $629 |
| 13 years | $3,772 |
| 15 years | $6,916 |
| 17 years | $10,059 |
| 19 years | $13,202 |
| 21 years | $16,346 |
| 23 years | $19,489 |
| 25 years | $22,632 |
Top Solar Installers in Westfield
Although you can install solar panels on your own, it requires extra energy and know-how. For that reason, the majority of homeowners choose to hire a solar panel installer. 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 avoiding potential costs down the line.
If you're looking for a solar installer in Westfield, 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 (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 Westfield
Factors that Affect Solar Panel Costs in Westfield
The cost of installing a solar system in Westfield can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Westfield average.
Solar Financing Terms
Most solar installers in Westfield have solar loans, which reduce your upfront costs of installing a solar system. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies operating in Westfield, and each can charge varying amounts for labor and equipment. The company's size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $14,840 | 11.0 years |
| 8 kW | $2.73 | $15,308 | $20,087 | 10.8 years |
| 10 kW | $2.68 | $18,760 | $25,483 | 10.6 years |
| 12 kW | $2.63 | $22,062 | $31,030 | 10.4 years |
| 14 kW | $2.57 | $25,213 | $36,727 | 10.2 years |
| 16 kW | $2.52 | $28,215 | $42,574 | 10.0 years |
| 18 kW | $2.47 | $31,067 | $48,572 | 9.8 years |
| 20 kW | $2.41 | $33,768 | $54,719 | 9.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
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 Westfield, IN Solar Cost FAQs
What is the average cost of installing solar panels in Westfield?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $13,400 for a 5-kW system and $26,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Westfield?
A solar panel system isn't free in Westfield, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Westfield?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Westfield?
On average, solar panels can last 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.