Solar Panel Cost Guide in Avon, IN (2024 Update)
- Avon Solar Installation Cost: $25,278
- 25-Year Savings: $7,250
- Payback Period: 16.3 Years
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Average Cost of Solar Panels in Avon
We break down average solar pricing in Avon.
In Avon, solar panels cost about 4 per watt on average.The average Avon homeowner needs a 8.8-kilowatt system, which would cost about $25,278 with the federal tax credit, or $36,148 before the 0 tax credit is applied.
These figures are only averages, and how much solar costs for you will differ based on your energy needs and what company you choose to go with.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Avon can save around $17,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Avon
| Year | Return on Investment |
|---|---|
| 1 years | $-23,977 |
| 3 years | $-21,374 |
| 5 years | $-18,772 |
| 7 years | $-16,170 |
| 9 years | $-13,568 |
| 11 years | $-10,965 |
| 13 years | $-8,363 |
| 15 years | $-5,761 |
| 17 years | $-3,159 |
| 19 years | $-556 |
| 21 years | $2,046 |
| 23 years | $4,648 |
| 25 years | $7,250 |
Top Solar Installers in Avon
Many homeowners choose to use a solar installation company since trying to install solar panels yourself can be a labor-intensive endeavor. Another good thing about using a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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 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 Avon
Factors that Affect Solar Panel Costs in Avon
For many Avon homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Avon, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar 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 about $4,100. The brand of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Avon, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence your pricing. Avon’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Avon have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $8,515 | 16.9 years |
| 8 kW | $4.18 | $23,419 | $11,812 | 16.6 years |
| 10 kW | $4.10 | $28,700 | $15,339 | 16.3 years |
| 12 kW | $4.02 | $33,751 | $19,096 | 16.0 years |
| 14 kW | $3.94 | $38,573 | $23,082 | 15.6 years |
| 16 kW | $3.85 | $43,165 | $27,298 | 15.3 years |
| 18 kW | $3.77 | $47,527 | $31,743 | 15.0 years |
| 20 kW | $3.69 | $51,660 | $36,418 | 14.7 years |
How to Save on Solar Panels
There are numerous companies to choose from in Avon, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Solar Panel Brands: The model of solar panel you need plays a part in which company you should go with, since different companies have different panels.
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 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 Avon, IN Solar Cost FAQs
How much does it cost to install solar panels in Avon?
The average cost of solar panels in Avon 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Avon?
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 offer you credit toward your future power bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.