Solar Panel Cost Guide in Whiteland, IN (2023 Update)
- Whiteland Solar Installation Cost: $16,423
- 25-Year Savings: $25,415
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Whiteland
Find out what the average cost of a solar system is in Whiteland.
In Whiteland, solar panels cost about 2.68 per watt on average. Using this figure, a typical 8.8-kW system would cost about $16,415 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. With typical savings of about $18,000 on power bills over 20 years, many homeowners in Whiteland find investing in solar can pay off big.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Whiteland
| Year | Return on Investment |
|---|---|
| 1 years | $-16,284 |
| 3 years | $-16,005 |
| 5 years | $-15,726 |
| 7 years | $-15,447 |
| 9 years | $-15,168 |
| 11 years | $-14,889 |
| 13 years | $-14,611 |
| 15 years | $-14,332 |
| 17 years | $-14,053 |
| 19 years | $-13,774 |
| 21 years | $-13,495 |
| 23 years | $-13,216 |
| 25 years | $-12,937 |
Top Solar Installers in Whiteland
Many homeowners opt for a solar installer since installing solar panels on your own can be a labor-intensive endeavor. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Whiteland
Factors that Affect Solar Panel Costs in Whiteland
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,680 per kilowatt in Whiteland. The kind of solar equipment you choose can bring your price up or down 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 over time on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Whiteland average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Whiteland, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. Even though solar loans make switching to solar energy more accessible for Whiteland homeowners, they can also increase the total you pay for your system due to interest. 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
Finally, the company you opt for to install your solar system can play a part in determining how much you pay. Whiteland's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $16,968 | 10.2 years |
| 8 kW | $2.73 | $15,308 | $22,924 | 10.0 years |
| 10 kW | $2.68 | $18,760 | $29,030 | 9.8 years |
| 12 kW | $2.63 | $22,062 | $35,287 | 9.6 years |
| 14 kW | $2.57 | $25,213 | $41,693 | 9.4 years |
| 16 kW | $2.52 | $28,215 | $48,249 | 9.2 years |
| 18 kW | $2.47 | $31,067 | $54,956 | 9.0 years |
| 20 kW | $2.41 | $33,768 | $61,813 | 8.8 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Reputation: Long-running companies 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 quality aftercare and customer support, such as part repairs and replacements.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Whiteland, IN Solar Cost FAQs
How much does it cost to install solar panels in Whiteland?
This is a hard question to answer precisely, 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 above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $955.81 per year.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs 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 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.