Solar Panel Cost Guide in Westfield, IN (2024 Update)
- Westfield Solar Installation Cost: $25,487
- 25-Year Savings: $22,631
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Westfield
Find out what the average cost of solar panels are in Westfield.
The average cost of a solar panel system in Westfield is 4 per watt.Because a 8.9-kW system is needed to cover the energy usage of a typical home in Westfield, the average price of going solar will be about $25,487 after claiming the federal solar tax credit of 0.
The true price you pay can go above or below the average in Westfield depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire.For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Westfield see about $17,000 in savings on electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Westfield
| Year | Return on Investment |
|---|---|
| 1 years | $-24,189 |
| 3 years | $-21,592 |
| 5 years | $-18,995 |
| 7 years | $-16,398 |
| 9 years | $-13,802 |
| 11 years | $-11,205 |
| 13 years | $-8,608 |
| 15 years | $-6,011 |
| 17 years | $-3,414 |
| 19 years | $-818 |
| 21 years | $1,779 |
| 23 years | $4,376 |
| 25 years | $6,973 |
Top Solar Installers in Westfield
When switching to solar energy, many homeowners choose to hire a solar company since DIY solar panel installation can be a difficult project. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our suggestions for providers near you:
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 Westfield
Factors that Affect Solar Panel Costs in Westfield
The cost of installing a solar system in Westfield 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 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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $4,100 per kilowatt in Westfield.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Westfield, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Westfield have solar loans, which reduce your upfront costs of installing solar panels.It’s a good idea 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 back the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can influence the cost. Westfield’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $8,637 | 16.9 years |
| 8 kW | $4.18 | $23,419 | $11,975 | 16.5 years |
| 10 kW | $4.10 | $28,700 | $15,543 | 16.2 years |
| 12 kW | $4.02 | $33,751 | $19,341 | 15.9 years |
| 14 kW | $3.94 | $38,573 | $23,368 | 15.6 years |
| 16 kW | $3.85 | $43,165 | $27,625 | 15.2 years |
| 18 kW | $3.77 | $47,527 | $32,111 | 14.9 years |
| 20 kW | $3.69 | $51,660 | $36,827 | 14.6 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 brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Long-standing 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 support, such as part repairs and replacements.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
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 Westfield, IN Solar Cost FAQs
What is the average cost of installing solar panels in Westfield?
This is a tough 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Westfield?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Westfield is currently $433,537, so you can look forward to a value of about $17,775 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Westfield is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 larger level 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.