Solar Panel Cost Guide in Noblesville, IN (2024 Update)
- Noblesville Solar Installation Cost: $25,487
- 25-Year Savings: $21,113
- Payback Period: 16.9 Years
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Average Cost of Solar Panels in Noblesville
We break down average solar pricing in Noblesville.
The average cost of solar panels in Noblesville is 4 per watt.Using this figure, a typical 8.9-kW system would cost about $25,487 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy consumption and what installation company you go with.Many homeowners find going solar is a solid investment. The average homeowner in Noblesville can save about $16,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Noblesville
| Year | Return on Investment |
|---|---|
| 1 years | $-24,175 |
| 3 years | $-21,551 |
| 5 years | $-18,927 |
| 7 years | $-16,303 |
| 9 years | $-13,679 |
| 11 years | $-11,055 |
| 13 years | $-8,431 |
| 15 years | $-5,807 |
| 17 years | $-3,183 |
| 19 years | $-559 |
| 21 years | $2,065 |
| 23 years | $4,689 |
| 25 years | $7,313 |
Top Solar Installers in Noblesville
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be hard. Another great thing about going with a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our recommendations for providers 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 Noblesville
Factors that Affect Solar Panel Costs in Noblesville
There are several factors that can influence 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
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $4,100 per kilowatt in Noblesville.There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Noblesville offer solar loans, which reduce the initial cost of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Noblesville is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that provide a range of services at different costs.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fit into 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 | $7,612 | 17.5 years |
| 8 kW | $4.18 | $23,419 | $10,608 | 17.2 years |
| 10 kW | $4.10 | $28,700 | $13,834 | 16.9 years |
| 12 kW | $4.02 | $33,751 | $17,290 | 16.5 years |
| 14 kW | $3.94 | $38,573 | $20,975 | 16.2 years |
| 16 kW | $3.85 | $43,165 | $24,890 | 15.9 years |
| 18 kW | $3.77 | $47,527 | $29,035 | 15.5 years |
| 20 kW | $3.69 | $51,660 | $33,409 | 15.2 years |
How to Save on Solar Panels
There are numerous companies to choose from in Noblesville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project timeline incentives and warranties.
- Installation Process: Make sure you’re on the same page with the installer in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: The brand of solar panel you want to install plays a part in which installer you should go with, since different companies provide 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 Noblesville, IN Solar Cost FAQs
What is the average cost of installing solar panels in Noblesville?
The average cost of solar panels in Noblesville 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Noblesville?
You can’t get solar panels for free in Noblesville. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is going solar 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 energy bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Noblesville?
On average, solar panels can last 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 amount 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.