Solar Panels Cost 8.7k-20k in Kendallville, IN | October, 2024

Solar Panels Cost $8.7k-$20k in Kendallville, IN | October, 2024

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How much do solar panels cost in Kendallville, IN in 2024?

Going solar costs approximately $4.15/W in the month of October, 2024 in Kendallville, IN.

Based on the cost per watt, you can conclude that for every 1 kW (1000 watts) of solar power capacity will require an investment of $4,150 for installation. A 5 kW solar panel install in Kendallville is typically around $14,525 after accounting for the 30% federal income tax credit. However, it’s vital to realize that a higher capacity system may be necessary to adequately cover your energy needs.

On the left-hand side, you can choose your county to find out the typical roof size and the maximum capacity for solar panels in residences in your area. Outlined below are the costs, payback period, and 20-year average savings for a 5 kW system in your county.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Kendallville: $14,525US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Kendallville: 9 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Kendallville: $10,788US Average: $15,784

Solar Potential in Kendallville

Estimated system size and solar electricity production per median viable roof in
Kendallville.

Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.9kkWh AC per yr.

Electricity Costs in Kendallville, IN & What that Means for Your Solar Panel Pricing

The average monthly electricity cost for a Kendallville consumer is $131.41, with an average usage of 817 kWh. Please note that this statistic covers smaller living spaces such as apartments, with less energy demands.

Kendallville, IN's electricity rate is on average 16.09¢ per kWh in October 2024.

Typical consumers in Kendallville will need a solar system of 7 kW or larger to meet their entire electricity consumption demands. The price of a a 7 kW solar installation is approximately $29,050 upfront, but the federal tax credit provides a 30% credit, lowering your final cost to $20,335.

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Average solar panel costs by system size in Kendallville

On the left side below, the price breakdown for multiple sizes of the solar panel systems set up in Kendallville can be seen. With larger solar systems, the price goes up, but so do the electricity savings and the income tax credits you can gain.

In the calculator located to the right and below, you will find a breakdown of solar panel costs and benefits, calculated with an average $131.41 electric bill for Kendallville. If you want more customized results, just modify the $131.41 to whichever your typical electricity bill is.

System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $710 a year
Est. Price
$8,715
Savings from a 3kWthis system
  • Est. yearly production 4,437 kWh
  • Est. monthly savings $59
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 4.13 tons a year
  • Equivalent to planting 190 trees a year
  • Equivalent to driving 10,220 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $947 a year
Est. Price
$11,620
Savings from a 4kWthis system
  • Est. yearly production 5,916 kWh
  • Est. monthly savings $79
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 5.51 tons a year
  • Equivalent to planting 253 trees a year
  • Equivalent to driving 13,627 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,183 a year
Est. Price
$14,525
Savings from a 5kWthis system
  • Est. yearly production 7,395 kWh
  • Est. monthly savings $99
  • Full payback in 9 years
Environmental Impacts
  • Reduces CO2 emissions by 6.88 tons a year
  • Equivalent to planting 316 trees a year
  • Equivalent to driving 17,034 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,420 a year
Est. Price
$17,430
Savings from a 6kWthis system
  • Est. yearly production 8,874 kWh
  • Est. monthly savings $118
  • Full payback in 11 years
Environmental Impacts
  • Reduces CO2 emissions by 8.26 tons a year
  • Equivalent to planting 379 trees a year
  • Equivalent to driving 20,440 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,656 a year
Est. Price
$20,335
Savings from a 7kWthis system
  • Est. yearly production 10,353 kWh
  • Est. monthly savings $131
  • Full payback in 13 years
Environmental Impacts
  • Reduces CO2 emissions by 9.14 tons a year
  • Equivalent to planting 420 trees a year
  • Equivalent to driving 22,631 mi less a year

Kendallville Solar Panel Installation Incentives & Rebates | 2024

If you're a rural small business or farm owner, you might be eligible for REAP Grant coverage of between 80% and 100% for your solar or wind turbine project. Believe you fall into this category? Verify your qualification with our REAP Grant eligibility tool.

The 30% federal income tax credit for residential solar is offered to most homeowners, which makes solar energy a wise choice in numerous regions nationwide. There are also a range of state and local efforts aimed at increasing solar energy use.

Various utilities and government organizations in Indiana have 4 solar rebate and incentive programs.

Renewable Energy Property Tax Exemption

Value:Varies

Property tax exemptions apply in Indiana for solar, wind, geothermal, and hydroelectric power and thermal devices. (Solar devices installed before January 1, 2012 do not qualify for an exemption.) For most generation systems, exemptions will amount to the currently assessed value of the system (adjusted for depreciation.) Solar thermal, HVAC, or pool heating systems will be exempted at a fixed amount equal to parts and labor costs. Unique to Indiana, should the owner sell their property, exemptions will not apply to the new owner. Qualifying taxpayers may claim the exemption by filing Form 18865 with their county. Additional information is available from the Indiana Department of Local Government Finance website.

Community Conservation Challenge

Value:Varies

NOTE: This program is closed to new applicants. Indiana's Community Conservation Challenge is a grant program managed by the Office of Energy Development. Commercial, industrial, or agricultural property owners may be eligible for $20,000 - $80,000 to install new renewable energy systems or make energy efficiency improvements. Projects that may qualify for funding include green vehicles, HVAC, lighting, solar PV/thermal systems, and wind turbines. At least one community must partner with the property owner, and the completed project should be visible to the public eye. Additional information is available from the OED website.

NIPSCO - Feed-In Tariff

Value:Varies

NIPSCO pays feed-in tariffs to distributed renewable energy customers with systems rated for 3 kilowatts to one megawatt of capacity. Monthly compensation will take the form of a bill credit based on the amount of excess energy sent back to the grid. Unlike net metering, NIPSCO has greater control over how much of a customer's generated energy can be considered "excess." This control is to keep the grid stable. Customers must "opt in" to receive tariffs by filling out an application on the NIPSCO website and paying an administration fee based on system capacity; the current fee is $1 per kilowatt plus $25.

Clean Energy Portfolio Standard

Value:Varies

Indiana has adopted a non-binding renewable portfolio standard called the CHOICE. There have been three clean energy targets set with the final goal of sourcing 10% of the state's energy from renewable sources by 2025. Unique to the CHOICE standard, up to 30% of investments can be in cleaner conventional energy (natural gas, CHP, and clean coal). Participation in the CHOICE is completely voluntary. Interested utilities can register with the state's Utility Regulatory Commission to submit business and project plans. As a utility makes CHOICE investments, they will earn Clean Energy Credits pegging energy capacity to a fixed dollar value. Additional information is available from the CHOICE website.

Are solar panels worth it in Indiana?

For those in Kendallville looking to stay in their homes past the payback period of their solar system, solar panels make perfect sense. A 5 kW solar system in Kendallville, IN might save you an average of $17,013.4 over 20 years, with the break even point typically being 9 years.

The cost of not having solar panels in Kendallville, IN

Forgoing the installation of solar panels or an alternative backup energy source results in missing the earlier mentioned savings and total reliance on your electric utility for power. Several recent examples in the news have revealed that total dependence on your utility company isn't always ideal.

There are about 1.7 outages per customer annually in Kendallville. The typical duration of each outage is 212.5 minutes. When significant events such as tornadoes, equipment failure, or construction accidents occur, these time frames can become much longer.

Owning a solar panel system, with or without a backup battery, could reduce the strain of any future outages you may encounter.

Power Outages

Currently, 0 customers are being tracked in Noble County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Kendallville, IN?

Your Energy Needs - The cost per watt decreases with larger solar panel systems, even if the upfront cost is greater. Individuals often realize that installing a solar system to offset their electric bill is a beneficial decision, resulting in the most savings.

Make & Model - Solar panels are offered in a range of makes and models. The potential system preferences of your selected installer make it crucial to pick a highly rated company. For a better long-term experience, buyers should consider superior quality makes and models.

Solar Panel Type - The industry standard is now monocrystalline panels, and rightly so. They have a higher price but are better at generating energy. The majority of solar panel installers use panels made of this material.

Your Property - Each property and home presents unique challenges. Trees, irregular terrain, or other impediments may complicate the installation process. Today, the many solar installers can evaluate your home with satellite images and factor in these factors in the preliminary cost estimate.

Labor Rates - The varied employee wages paid by companies cause costs that consumers ultimately paying . Companies that invest in higher wages often see higher reviews for their work and customer service.

Permitting & Interconnection - Permitting and utility interconnection fees vary locally and will impact your installation cost. Quality local installers will include these figures in your first estimates to ensure transparency.

See what solar panels cost in other IN cities

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Who are the best solar installers in Kendallville?

YellowLite

Cleveland, OH(877) 743-8757

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Auditing of energy requirements for independent energy generation.
  • Monitoring of independent energy generation.

Power Home Solar

Mooresville, NC(704) 870-3670

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.
  • Solar systems for selling electricity back to the grid.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Harvest Solar

Jackson, MI(888) 907-6527

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Consulting on all things solar related.

GRNE Solar

Palatine, IL(312) 859-3417

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of batteries for energy storage.

Sigora Solar

Charlottesville, VA(434) 465-6192

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Ideal Energy

Fairfield, IA(800) 634-4454

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.

PowerHome Solar

Mooresville, NC(704) 870-3670

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.

Icon Solar

Milford, OH(513) 396-7777

Services

  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.

Kendallville, IN Solar Panel Cost FAQs

  • As of October, 2024, the typical cost for solar panels in Kendallville, IN is $4.15/W. After federal tax credits, the installation of a 5 kW solar panel system in Kendallville, IN is estimated to cost $14,525.

  • Indiana offers 4 different rebates and incentives from a range of utilities and government organizations. In addition, nearly all people are eligible for the 30%federal tax credit.

  • Even though paying cash yields the most savings, there are now several financing options for solar panels that also are cost-effective. Initial quotes from installers will frequently detail information about available financing options.

  • Yes, the average 5 kW solar panel payback period in Kendallville, IN stands at 9 years, yielding average electricity savings of $17,013.4 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01