Solar Panel Cost Guide in Connersville, IN (2024 Update)
- Connersville Solar Installation Cost: $25,220
- 25-Year Savings: $25,141
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Connersville
Find out what the average cost of installing solar panels is in Connersville.
Although the national average of solar panels is $2.66 per watt, solar panels in Connersville typically cost around 4.The average solar panel system size in Connersville is around 8.8 kilowatts, meaning a cost of about $25,220 for a solar installation, or $36,065 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you may vary based on factors unique to your home and what company you choose to go with.For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $18,000 in savings on utility bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Connersville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,895 |
| 3 years | $-21,243 |
| 5 years | $-18,592 |
| 7 years | $-15,941 |
| 9 years | $-13,290 |
| 11 years | $-10,639 |
| 13 years | $-7,987 |
| 15 years | $-5,336 |
| 17 years | $-2,685 |
| 19 years | $-34 |
| 21 years | $2,618 |
| 23 years | $5,269 |
| 25 years | $7,920 |
Top Solar Installers in Connersville
Although you can install solar panels on your own, it requires extra labor and expertise. Because of that, most homeowners choose to hire a solar panel installer. Another upside of utilizing a solar company is that they can help you optimize your investment by cutting back on future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
Working with a vetted solar installer can make going solar easier. 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 Connersville
Factors that Affect Solar Panel Costs in Connersville
For many Connersville homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Connersville, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant 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 uses, the larger your system will likely need to be. You can expect to pay around $4,100 per kilowatt in Connersville.The brand of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Connersville have solar loans, which reduce your upfront costs of installing solar.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you select will play a role in your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.You may notice 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 | $10,513 | 15.8 years |
| 8 kW | $4.18 | $23,419 | $14,477 | 15.4 years |
| 10 kW | $4.10 | $28,700 | $18,670 | 15.1 years |
| 12 kW | $4.02 | $33,751 | $23,093 | 14.8 years |
| 14 kW | $3.94 | $38,573 | $27,745 | 14.5 years |
| 16 kW | $3.85 | $43,165 | $32,627 | 14.2 years |
| 18 kW | $3.77 | $47,527 | $37,739 | 13.9 years |
| 20 kW | $3.69 | $51,660 | $43,080 | 13.6 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
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 Connersville, IN Solar Cost FAQs
How much does it cost to install solar panels in Connersville?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
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 places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.