Solar Panel Cost Guide in Greensburg, IN (2024 Update)
- Greensburg Solar Installation Cost: $25,062
- 25-Year Savings: $27,035
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Greensburg
Let’s have a look at the average cost of solar in Greensburg.
The national average cost of solar panels is $2.66 per watt, but in Greensburg it’s 4 per watt.Using this figure, a typical 8.7-kW system would cost about $25,062 before the 0 federal solar tax credit is applied.
The actual price you pay can be above or below the average in Greensburg based on a variety of factors, such as the type of solar panels you choose and the solar installer you hire.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $19,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar installer in your area for a custom quote.
Solar savings over time in Greensburg
Year | Return on Investment |
---|---|
1 years | $-23,736 |
3 years | $-21,085 |
5 years | $-18,434 |
7 years | $-15,783 |
9 years | $-13,132 |
11 years | $-10,480 |
13 years | $-7,829 |
15 years | $-5,178 |
17 years | $-2,527 |
19 years | $125 |
21 years | $2,776 |
23 years | $5,427 |
25 years | $8,078 |
Top Solar Installers in Greensburg
Although it's possible to install solar panels yourself, it takes extra labor and expertise. That's one of the reasons most homeowners choose to hire a solar panel installer. Companies can also offer access to quality options of the best solar panels and help you choose which one will be right for you.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Greensburg
Factors that Affect Solar Panel Costs in Greensburg
There are several criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of a solar system in Greensburg, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $4,100 for each additional kilowatt you need.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Greensburg, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $11,923 | 15.0 years |
8 kW | $4.18 | $23,419 | $16,356 | 14.7 years |
10 kW | $4.10 | $28,700 | $21,019 | 14.4 years |
12 kW | $4.02 | $33,751 | $25,912 | 14.1 years |
14 kW | $3.94 | $38,573 | $31,034 | 13.9 years |
16 kW | $3.85 | $43,165 | $36,386 | 13.6 years |
18 kW | $3.77 | $47,527 | $41,967 | 13.3 years |
20 kW | $3.69 | $51,660 | $47,778 | 13.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The model of solar panel you need to install plays a part in which company you should choose, since different companies offer 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 Greensburg, IN Solar Cost FAQs
How much does it cost to install solar panels in Greensburg?
The average cost of solar panels in Greensburg 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 such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Greensburg?
A solar panel system isn’t free in Greensburg, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Solar panels can increase the value of your home considerably 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% after installing a solar system."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household 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.