Solar Panel Cost Guide in North Manchester, IN (2024 Update)
- North Manchester Solar Installation Cost: $25,538
- 25-Year Savings: $23,200
- Payback Period: 16.0 Years
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Average Cost of Solar Panels in North Manchester
Find out how much it might cost to make the switch to solar in North Manchester.
The national average cost of solar panels is $2.66 per watt, but in North Manchester it’s 4 per watt.Since a 8.9-kW system is needed to cover the energy needs of a typical home in North Manchester, the average price of going solar will be about $25,538 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average North Manchester homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $17,000 on utility bills over 20 years, many homeowners in North Manchester find investing in solar can pay off big.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in North Manchester
| Year | Return on Investment |
|---|---|
| 1 years | $-24,213 |
| 3 years | $-21,562 |
| 5 years | $-18,910 |
| 7 years | $-16,259 |
| 9 years | $-13,608 |
| 11 years | $-10,957 |
| 13 years | $-8,306 |
| 15 years | $-5,654 |
| 17 years | $-3,003 |
| 19 years | $-352 |
| 21 years | $2,299 |
| 23 years | $4,951 |
| 25 years | $7,602 |
Top Solar Installers in North Manchester
Many homeowners opt for a solar panel company since trying to put up solar panels by yourself can be challenging. Another perk of utilizing a solar company is that they can help you maximize your ROI by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 North Manchester
Factors that Affect Solar Panel Costs in North Manchester
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 does the installation.
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 power your household uses, the larger your system will likely need to be. You can expect to pay around $4,100 per kilowatt in North Manchester.The model of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in North Manchester to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in North Manchester, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in North Manchester know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $8,990 | 16.6 years |
| 8 kW | $4.18 | $23,419 | $12,446 | 16.3 years |
| 10 kW | $4.10 | $28,700 | $16,132 | 16.0 years |
| 12 kW | $4.02 | $33,751 | $20,047 | 15.7 years |
| 14 kW | $3.94 | $38,573 | $24,192 | 15.4 years |
| 16 kW | $3.85 | $43,165 | $28,566 | 15.0 years |
| 18 kW | $3.77 | $47,527 | $33,170 | 14.7 years |
| 20 kW | $3.69 | $51,660 | $38,003 | 14.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: It’s important to read through your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
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 North Manchester, IN Solar Cost FAQs
How much does it cost to install solar panels in North Manchester?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $20,500 for a 5-kW system and $41,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a very important factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in North Manchester?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in North Manchester?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them once you've had 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.