Solar Panel Cost Guide in Mooresville, IN (2024 Update)
- Mooresville Solar Installation Cost: $25,078
- 25-Year Savings: $27,276
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Mooresville
Let’s have a look at the average cost of solar panels in Mooresville.
The average cost of solar panels in Mooresville is 4 per watt.The average Mooresville homeowner needs a 8.7-kilowatt system, which would cost about $25,078 with the federal tax credit, or $35,862 before the 0 tax credit is applied.
How much you pay can be higher or lower than the average in Mooresville depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.With average savings of about $19,000 on power bills over 20 years, many homeowners in Mooresville find installing solar panels can be quite rewarding.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Mooresville
| Year | Return on Investment |
|---|---|
| 1 years | $-23,743 |
| 3 years | $-21,075 |
| 5 years | $-18,406 |
| 7 years | $-15,737 |
| 9 years | $-13,068 |
| 11 years | $-10,399 |
| 13 years | $-7,730 |
| 15 years | $-5,061 |
| 17 years | $-2,392 |
| 19 years | $277 |
| 21 years | $2,946 |
| 23 years | $5,615 |
| 25 years | $8,284 |
Top Solar Installers in Mooresville
When going solar, many homeowners choose to use a solar installation company since putting up solar panels yourself can be a time-consuming project. Solar warranties and repairs are typically included in the cost of installation when you hire a solar contractor too, which can save you more money over time.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Mooresville
Factors that Affect Solar Panel Costs in Mooresville
The cost of installing a solar system in Mooresville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important 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 consumes, the larger your system will likely need to be. You can expect to spend about $4,100 per kilowatt in Mooresville.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Mooresville, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Mooresville have solar loans, which reduce the initial cost of installing solar panels.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’re only able to 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 finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Mooresville, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Mooresville are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $12,076 | 14.9 years |
| 8 kW | $4.18 | $23,419 | $16,561 | 14.6 years |
| 10 kW | $4.10 | $28,700 | $21,275 | 14.4 years |
| 12 kW | $4.02 | $33,751 | $26,219 | 14.1 years |
| 14 kW | $3.94 | $38,573 | $31,392 | 13.8 years |
| 16 kW | $3.85 | $43,165 | $36,795 | 13.5 years |
| 18 kW | $3.77 | $47,527 | $42,428 | 13.2 years |
| 20 kW | $3.69 | $51,660 | $48,290 | 12.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: When making the switch to solar energy, it’s essential to keep an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project completion timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The type of solar panel you need to get plays a part in which company you should opt for, since different companies have different panels.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 Mooresville, IN Solar Cost FAQs
How much does it cost to install solar panels in Mooresville?
The average cost of solar panels in Mooresville 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 things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Mooresville?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels significantly reduce my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Mooresville, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Mooresville?
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 the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.