Solar Panel Cost Guide in Whitestown, IN (Feb 2023)
- Whitestown Solar Installation Cost: $16,621
- 25-Year Savings: $23,434
- Payback Period: 10.4 Years
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Top Solar Installers in Whitestown
Trying to put up solar panels yourself can be a dangerous project, which is why getting a solar installation company is a good option for many homeowners. Companies can also have access to quality options of the best solar panels and help you decide which one will be right for your home.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Whitestown:
See all of the solar companies in Whitestown
Factors that Affect Solar Panel Costs in Whitestown
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Whitestown: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
When it comes to estimating the price of solar panels in Whitestown, one of the most crucial 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 usage, which you can determine by looking at past power bills. Your total cost can increase by about $2,680 for each additional kilowatt you need. 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. Additionally, add-on products, such as solar batteries, can bring your total well above the Whitestown average.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also adds to your all-in costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that has the products, warranties and services you want and also fit into your budget.
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||$15,422||10.8 years|
|8 kW||$2.73||$15,308||$20,863||10.6 years|
|10 kW||$2.68||$18,760||$26,453||10.4 years|
|12 kW||$2.63||$22,062||$32,194||10.2 years|
|14 kW||$2.57||$25,213||$38,085||10.0 years|
|16 kW||$2.52||$28,215||$44,126||9.8 years|
|18 kW||$2.47||$31,067||$50,318||9.5 years|
|20 kW||$2.41||$33,768||$56,659||9.3 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Reputation: Make sure your solar company 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.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Contract: Before you sign a contract with a solar company, make sure you 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.
EcoWatch's Whitestown, IN Solar Cost FAQs
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.