Solar Panel Cost Guide in Evansville, WI (2024 Update)
- Evansville Solar Installation Cost: $19,674
- 25-Year Savings: $21,715
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Evansville
Find out how much it might cost to go solar in Evansville.
While the national average of solar panels is $2.66 per watt, solar panels in Evansville generally cost about 4.Using this figure, a typical 7.2-kW system would cost about $19,674 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Evansville depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Evansville can save around $18,000 on their power bills over 20 years.
Click the button below to get connected to a top solar installer in Evansville for a custom estimate.
Solar savings over time in Evansville
| Year | Return on Investment |
|---|---|
| 1 years | $-18,567 |
| 3 years | $-16,352 |
| 5 years | $-14,138 |
| 7 years | $-11,923 |
| 9 years | $-9,708 |
| 11 years | $-7,494 |
| 13 years | $-5,279 |
| 15 years | $-3,065 |
| 17 years | $-850 |
| 19 years | $1,365 |
| 21 years | $3,579 |
| 23 years | $5,794 |
| 25 years | $8,009 |
Top Solar Installers in Evansville
When switching to solar energy, many homeowners prefer to hire a solar installer since DIY solar panel installation can be a difficult project. Local solar companies can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you’d like to make the switch to solar but still aren’t sure which solar panel installer to go with, here are our suggestions for providers in Evansville:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Evansville
Factors that Affect Solar Panel Costs in Evansville
While the average cost of a solar system in Evansville is $19,674, your final cost may differ. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.
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 consumes, the larger your system will likely need to be. You can expect to spend about $3,880 per kilowatt in Evansville.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Evansville, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Evansville, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, 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 | $4.04 | $16,948 | $11,959 | 14.7 years |
| 8 kW | $3.96 | $22,163 | $16,379 | 14.4 years |
| 10 kW | $3.88 | $27,160 | $21,017 | 14.1 years |
| 12 kW | $3.80 | $31,940 | $25,873 | 13.8 years |
| 14 kW | $3.72 | $36,503 | $30,945 | 13.5 years |
| 16 kW | $3.65 | $40,849 | $36,235 | 13.2 years |
| 18 kW | $3.57 | $44,977 | $41,742 | 13.0 years |
| 20 kW | $3.49 | $48,888 | $47,467 | 12.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Before signing a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Evansville, WI Solar Cost FAQs
How much does it cost to install solar panels in Evansville?
The average cost of solar panels in Evansville is about $19,400 for a 5-kW system and $38,800 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Evansville?
You can’t get solar panels for free in Evansville. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.