Solar Panel Cost Guide in Ligonier, IN (2024 Update)
- Ligonier Solar Installation Cost: $25,791
- 25-Year Savings: $28,783
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Ligonier
Find out what the average cost of a solar system is in Ligonier.
The national average cost of solar panels is $2.66 per watt, but in Ligonier it’s 4 per watt.The average Ligonier homeowner needs a 9.0-kilowatt system, which would cost about $25,791 with the federal tax credit, or $36,881 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy consumption and what company you go with.For most homeowners, the upfront investment in solar power is worth paying. On average Ligonier homeowners see about $19,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Ligonier that can help you get a more accurate cost estimate for your home.
Solar savings over time in Ligonier
| Year | Return on Investment |
|---|---|
| 1 years | $-24,072 |
| 3 years | $-20,632 |
| 5 years | $-17,193 |
| 7 years | $-13,753 |
| 9 years | $-10,314 |
| 11 years | $-6,874 |
| 13 years | $-3,435 |
| 15 years | $5 |
| 17 years | $3,444 |
| 19 years | $6,883 |
| 21 years | $10,323 |
| 23 years | $13,762 |
| 25 years | $17,202 |
Top Solar Installers in Ligonier
Many homeowners choose to hire a solar panel company since figuring out how to install solar panels by yourself can be challenging. Plus, if you aren’t sure what type of solar panels and equipment you want, a solar installer can help you figure that out after a site survey and consultation.
There are various 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 Ligonier
Factors that Affect Solar Panel Costs in Ligonier
Though the average cost of a solar system in Ligonier is $25,791, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar energy system in Ligonier, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by around $4,100 for each additional kilowatt you need.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Ligonier average.
Solar Financing Terms
Many homeowners find the average cost of solar in Ligonier to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.You’ll have to consider the long-term cost of financing options, including the amount of 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 more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Ligonier, and each can charge varying amounts for labor and equipment.Additionally, some companies in Ligonier know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $12,564 | 14.7 years |
| 8 kW | $4.18 | $23,419 | $17,211 | 14.4 years |
| 10 kW | $4.10 | $28,700 | $22,088 | 14.1 years |
| 12 kW | $4.02 | $33,751 | $27,195 | 13.8 years |
| 14 kW | $3.94 | $38,573 | $32,531 | 13.6 years |
| 16 kW | $3.85 | $43,165 | $38,096 | 13.3 years |
| 18 kW | $3.77 | $47,527 | $43,892 | 13.0 years |
| 20 kW | $3.69 | $51,660 | $49,917 | 12.7 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:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Ligonier, IN Solar Cost FAQs
What is the average cost of installing solar panels in Ligonier?
The average cost of solar panels in Ligonier is about $20,500 for a 5-kW system and $41,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff 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 aside from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Ligonier?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.