Solar Panel Cost Guide in Garrett, IN (2025 Update)
- Garrett Solar Installation Cost: $25,800
- 25-Year Savings: $24,009
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in Garrett
Here’s how much it might cost to install solar panels in Garrett.
The average cost of solar panels in Garrett is 4 per watt.To account for the typical energy usage of the average home in Garrett, most homeowners require a 9.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $25,800, or $36,894 before the federal solar tax credit of 0 is applied.
These figures are just averages, and your own solar costs may look different based on factors unique to your home and what company you choose to go with.Despite the significant initial cost, the average Garrett homeowner can save about $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Garrett
| Year | Return on Investment |
|---|---|
| 1 years | $-24,183 |
| 3 years | $-20,948 |
| 5 years | $-17,713 |
| 7 years | $-14,478 |
| 9 years | $-11,243 |
| 11 years | $-8,008 |
| 13 years | $-4,773 |
| 15 years | $-1,539 |
| 17 years | $1,696 |
| 19 years | $4,931 |
| 21 years | $8,166 |
| 23 years | $11,401 |
| 25 years | $14,636 |
Top Solar Installers in Garrett
Many homeowners decide to hire a solar panel installer since installing solar panels yourself can be time-consuming. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
If you're searching for a solar company in Garrett, the EcoWatch team has compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Garrett
Factors that Affect Solar Panel Costs in Garrett
There are many factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
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. Because of that, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Garrett, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Garrett provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only 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 interest rate could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you get to install your solar system can affect the cost. Garrett’s solar companies all have different labor costs and add varying upcharges to equipment. 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 at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also fits within 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 | $4.26 | $17,909 | $9,372 | 16.4 years |
| 8 kW | $4.18 | $23,419 | $12,955 | 16.1 years |
| 10 kW | $4.10 | $28,700 | $16,767 | 15.8 years |
| 12 kW | $4.02 | $33,751 | $20,810 | 15.5 years |
| 14 kW | $3.94 | $38,573 | $25,081 | 15.1 years |
| 16 kW | $3.85 | $43,165 | $29,583 | 14.8 years |
| 18 kW | $3.77 | $47,527 | $34,314 | 14.5 years |
| 20 kW | $3.69 | $51,660 | $39,275 | 14.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will have different brands and kinds of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Warranty: If you’re worried about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Garrett, IN Solar Cost FAQs
What is the average cost of installing solar panels in Garrett?
The average cost of solar panels in Garrett 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 type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Garrett?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Garrett, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Garrett?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide to 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.