Solar Panel Cost Guide in Whiteland, IN (2024 Update)
- Whiteland Solar Installation Cost: $25,125
- 25-Year Savings: $25,415
- Payback Period: 15.0 Years
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Average Cost of Solar Panels in Whiteland
Find out what the average cost of a solar system is in Whiteland.
Although the national average of solar panels is $2.66 per watt, solar panels in Whiteland typically cost about 4.The average solar panel system size in Whiteland is around 8.8 kilowatts, meaning a cost of about $25,125 for a solar installation, or $35,929 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of equipment you choose, your solar contractor and more.Despite the significant upfront cost, the average Whiteland homeowner can save about $18,000 on their power bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Whiteland
| Year | Return on Investment |
|---|---|
| 1 years | $-23,800 |
| 3 years | $-21,149 |
| 5 years | $-18,497 |
| 7 years | $-15,846 |
| 9 years | $-13,195 |
| 11 years | $-10,544 |
| 13 years | $-7,893 |
| 15 years | $-5,241 |
| 17 years | $-2,590 |
| 19 years | $61 |
| 21 years | $2,712 |
| 23 years | $5,363 |
| 25 years | $8,015 |
Top Solar Installers in Whiteland
When going solar, many homeowners prefer to go with a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company 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 company in Whiteland, we've put together 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
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
While the average cost of a solar system in Whiteland is $25,125, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $4,100. There are several different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Whiteland have solar loans, which reduce the initial cost of installing solar panels.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will influence your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $10,765 | 15.6 years |
| 8 kW | $4.18 | $23,419 | $14,813 | 15.3 years |
| 10 kW | $4.10 | $28,700 | $19,090 | 15.0 years |
| 12 kW | $4.02 | $33,751 | $23,597 | 14.7 years |
| 14 kW | $3.94 | $38,573 | $28,334 | 14.4 years |
| 16 kW | $3.85 | $43,165 | $33,300 | 14.1 years |
| 18 kW | $3.77 | $47,527 | $38,495 | 13.8 years |
| 20 kW | $3.69 | $51,660 | $43,921 | 13.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- 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 access to the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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
What is the average cost of installing solar panels in Whiteland?
The average cost of solar panels in Whiteland 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Whiteland?
Leasing solar panels can be an appealing choice, because it typically 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 way to go if you want to maximize your savings.
Does Whiteland have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.
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.