Solar Panel Cost Guide in Westfield, IN (2025 Update)
- Westfield Solar Installation Cost: $25,487
- 25-Year Savings: $22,631
- Payback Period: 16.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Westfield
Find out what the average cost of solar panels are in Westfield.
The average cost of a solar panel system in Westfield is 4 per watt.The average solar panel system size in Westfield is around 8.9 kilowatts, meaning a cost of about $25,487 for a solar installation, or $36,446 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Westfield homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically rewarding, with a net average savings of about $17,000 over 20 years on utility bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Westfield
| Year | Return on Investment |
|---|---|
| 1 years | $-24,189 |
| 3 years | $-21,592 |
| 5 years | $-18,995 |
| 7 years | $-16,398 |
| 9 years | $-13,802 |
| 11 years | $-11,205 |
| 13 years | $-8,608 |
| 15 years | $-6,011 |
| 17 years | $-3,414 |
| 19 years | $-818 |
| 21 years | $1,779 |
| 23 years | $4,376 |
| 25 years | $6,973 |
Top Solar Installers in Westfield
Many homeowners choose to hire a solar installation company since trying to put up solar panels by yourself can be a labor-intensive endeavor. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
If you're on the hunt for a solar installer in Westfield, the EcoWatch team has organized a list of our top suggestions here:
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 dependent on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Westfield, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by about $4,100 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Westfield, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Westfield to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Westfield, and each can charge different amounts for labor and equipment.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $8,637 | 16.9 years |
| 8 kW | $4.18 | $23,419 | $11,975 | 16.5 years |
| 10 kW | $4.10 | $28,700 | $15,543 | 16.2 years |
| 12 kW | $4.02 | $33,751 | $19,341 | 15.9 years |
| 14 kW | $3.94 | $38,573 | $23,368 | 15.6 years |
| 16 kW | $3.85 | $43,165 | $27,625 | 15.2 years |
| 18 kW | $3.77 | $47,527 | $32,111 | 14.9 years |
| 20 kW | $3.69 | $51,660 | $36,827 | 14.6 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 brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing companies likely have a high 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.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
EcoWatch's Westfield, IN Solar Cost FAQs
What is the average cost of installing solar panels in Westfield?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Westfield?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to 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 the value of your home 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 often do you have to replace solar panels?
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 larger 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.