Solar Panel Cost Guide in Plymouth, IN (2024 Update)

  • Plymouth Solar Installation Cost: $25,827
  • 25-Year Savings: $29,301
  • Payback Period: 14.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Plymouth

Find out how much it might cost to go solar in Plymouth.

The average cost of solar panels in Plymouth is 4 per watt.The average Plymouth homeowner needs a 9.0-kilowatt system, which would cost about $25,827 with the federal tax credit, or $36,933 before the 0 tax credit is applied.

These figures are only averages, and your own solar costs will most likely vary based on your energy needs and what company you choose to go with.Despite the high initial cost, the average Plymouth homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the advantages of solar.

Click the button below to get connected to a reputable solar panel company in Plymouth for a customized quote.

Solar savings over time in Plymouth

Year Return on Investment
1 years $-24,209
3 years $-20,974
5 years $-17,739
7 years $-14,505
9 years $-11,270
11 years $-8,035
13 years $-4,800
15 years $-1,565
17 years $1,670
19 years $4,905
21 years $8,139
23 years $11,374
25 years $14,609

Top Solar Installers in Plymouth

Trying to install solar panels on your own can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Another upside of going with a solar installer is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.

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 in Plymouth:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Plymouth

Factors that Affect Solar Panel Costs in Plymouth

There are several criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.

Solar Equipment

The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $4,100. The solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Plymouth average.

Solar Financing Terms

Most solar companies in Plymouth offer solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of financing options, including the total 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.

Solar Panel Installation Company

The solar company you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in Plymouth, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.

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 $12,884 14.5 years
8 kW $4.18 $23,419 $17,638 14.3 years
10 kW $4.10 $28,700 $22,621 14.0 years
12 kW $4.02 $33,751 $27,834 13.7 years
14 kW $3.94 $38,573 $33,277 13.4 years
16 kW $3.85 $43,165 $38,949 13.1 years
18 kW $3.77 $47,527 $44,851 12.9 years
20 kW $3.69 $51,660 $50,982 12.6 years

How to Save on Solar Panels

The solar company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
  • Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
  • 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 have different panels.
  • Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Plymouth, IN Solar Cost FAQs

How much does it cost to install solar panels in Plymouth?

This is a difficult question to answer exactly, because the cost depends on a few different 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Plymouth?

A solar panel system isn’t free in Plymouth, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

Can you sell solar power back to the grid in Plymouth?

Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for 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 install between 20 and 35 panels to cover 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.

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