Solar Panel Cost Guide in Batesville, IN (2024 Update)
- Batesville Solar Installation Cost: $24,923
- 25-Year Savings: $27,039
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Batesville
We go over average solar pricing in Batesville.
The average cost of a solar panel system in Batesville is 4 per watt.The average Batesville homeowner needs a 8.7-kilowatt system, which would cost about $24,923 with the federal tax credit, or $35,640 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of installing solar panels can vary based on several factors, such as how many panels you need, your energy usage and what company you go with.Despite the significant initial cost, the average Batesville homeowner can save around $19,000 on their energy bills over 20 years, which is one of the perks of solar.
To receive a free estimate from a top solar company in Batesville, you can click the button below.
Solar savings over time in Batesville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,598 |
| 3 years | $-20,946 |
| 5 years | $-18,295 |
| 7 years | $-15,644 |
| 9 years | $-12,993 |
| 11 years | $-10,342 |
| 13 years | $-7,690 |
| 15 years | $-5,039 |
| 17 years | $-2,388 |
| 19 years | $263 |
| 21 years | $2,914 |
| 23 years | $5,566 |
| 25 years | $8,217 |
Top Solar Installers in Batesville
Although you can install solar panels yourself, it takes extra labor and know-how. That's why the majority of homeowners choose a solar panel installer. Plus, if you’d like to maximize your investment in solar, opting for a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
If you're looking for a solar installer in Batesville, the EcoWatch team has compiled a list of our top suggestions here:
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 Batesville
Factors that Affect Solar Panel Costs in Batesville
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Batesville: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install 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 a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Batesville, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also adds to your all-in costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Batesville is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that provide a range of services at different costs.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, 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 | $12,029 | 15.0 years |
| 8 kW | $4.18 | $23,419 | $16,497 | 14.7 years |
| 10 kW | $4.10 | $28,700 | $21,196 | 14.4 years |
| 12 kW | $4.02 | $33,751 | $26,123 | 14.1 years |
| 14 kW | $3.94 | $38,573 | $31,281 | 13.8 years |
| 16 kW | $3.85 | $43,165 | $36,668 | 13.5 years |
| 18 kW | $3.77 | $47,527 | $42,285 | 13.2 years |
| 20 kW | $3.69 | $51,660 | $48,131 | 12.9 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your total 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 consider, including:
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- 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 choose.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
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 Batesville, IN Solar Cost FAQs
What is the average cost of installing solar panels in Batesville?
The average cost of solar panels in Batesville 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Batesville?
Even 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 replace them after having 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.