Solar Panel Cost Guide in Whiteland, IN (2023 Update)
- Whiteland Solar Installation Cost: $16,415
- 25-Year Savings: $25,424
- Payback Period: 9.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Whiteland
Let's have a look at the average cost of solar panels in Whiteland.
Although the national average of solar panels is $2.66 per watt, solar panels in Whiteland typically cost around 2.68. Because a 8.8-kW system is needed to cover the energy usage of a typical home in Whiteland, the average price of going solar will be about $16,415 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. For many homeowners, the upfront cost of solar is worth paying. On average Whiteland homeowners see about $18,000 in savings on utility bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Whiteland
| Year | Return on Investment |
|---|---|
| 1 years | $-14,741 |
| 3 years | $-11,394 |
| 5 years | $-8,047 |
| 7 years | $-4,700 |
| 9 years | $-1,353 |
| 11 years | $1,994 |
| 13 years | $5,341 |
| 15 years | $8,688 |
| 17 years | $12,035 |
| 19 years | $15,382 |
| 21 years | $18,729 |
| 23 years | $22,076 |
| 25 years | $25,424 |
Top Solar Installers in Whiteland
When making the switch to solar, many homeowners decide to go with a solar installer since installing a solar system yourself can be a difficult project. Because solar panels are exposed to the elements every day, 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.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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
For many Whiteland homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Whiteland, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,680. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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. In addition, extra products, such as solar batteries, can bring your total well above the Whiteland average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. 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
Finally, the company you opt for to install your solar panel system can influence your pricing. Whiteland's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 installer you opt for will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Before signing a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
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 $13,400 for a 5-kW system and $26,800 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Whiteland?
Solar panels aren't free in Whiteland, 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 further reduce the cost.
Can solar panels completely eradicate my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Whiteland, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.