Cost of Solar in Indianapolis
Solar panels are more affordable than ever. Find out what works for your home!
Going solar in the Indianapolis area has become more affordable over time.
Going solar has become more affordable with time for Indianapolis homeowners. Determining the cost of a solar system, though, will depend on a few different factors: your home, electricity use and ongoing energy goals. Our experts can help you determine the cost and come up with a solution made specifically for your home to address your unique needs, including how many solar panels will be necessary.
Calculating Your Solar Panel Cost
It can be hard to calculate the average cost of solar panels, given that every home is different. That being said, you can estimate how much solar panels will cost for your home by using dollars per watt. Watts is how you measure how much energy your home uses, as well as the unit of measurement for solar production.
We can determine the number of panels your Indianapolis home will need based on how many watts your home typically uses. From that number, our solar experts can create a customized solar solution for your home. The number of solar panels needed for your home plus installation costs will be the determining factors for how much it costs you to go solar.
Your Indianapolis Solar Panel Installation Cost Includes The Following:
Step
1
Installation Equipment
This equipment will include solar panels and inverters, battery, conduit, wiring and mounting racks and hardware.
Step
2
A Custom-Designed Solar System
After you’ve signed the contract, our team will design out your personalized system, including filing relevant permits and preparing for installation day setup.
Step
3
All Installation Day Procedures
Our experienced team will install and carefully test out your new system, making sure everything is working properly, before cleaning up your property like we were never there!
Cost of Solar FAQs
How much do solar panels cost in Indianapolis?
It depends on the number of panels required for your home’s unique needs as well as your home’s location. Pink Energy calculates the cost based on dollars per watt. Keep in mind that installation costs will factor into how much a solar panel system will be as well.
Do solar panels increase home value in Indianapolis?
Potentially! According to this 2018 Zillow study, homes with solar panels installed may sell by up to 4.1% more than homes without. Buyers appreciate energy-efficient homes powered by renewable energy sources!
Are solar panels a good investment in Indianapolis?
Solar panels are an excellent investment. Given their longevity (about 25 years), solar panels can potentially save you thousands of dollars off your electric bills over time.
How much is the federal tax credit for solar panels?
The federal solar tax credit is 26% of your total solar investment through the end of 2022. This percentage goes down to 22% through the end of 2023 and is unavailable for residential solar systems after that. Tax credits are subject to change and eligibility for federal tax credits depends on your individual and financial circumstances, so we recommend you always consult with your accountant or tax advisor to determine your eligibility.⁵
