Solar Panels Cost 11k-22k in North Manchester, IN | October, 2024

Solar Panels Cost $11k-$22k in North Manchester, IN | October, 2024

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How much do solar panels cost in North Manchester, IN in 2024?

You'll spend, on average, $4.05 per watt in North Manchester, IN in the month of October, 2024 to go solar.

Using the rate per watt, we are able to come to the conclusion that for every 1 kW (1000 watts) your solar panels can produce, you will have to spend, on average, $4,050 to have it installed. On average, the expense of a 5 kW solar system in North Manchester, after you subtract 30% federal tax credit, is around $14,175. To fully meet your energy demands, you could require more than a 5kW system.

On the left, select your county to view the typical roof size and the maximum production capacity for residential solar on houses in your area. Additionally, you can also see an outline of the costs, payback period and 20 year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
North Manchester: $14,175US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
North Manchester: 10 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
North Manchester: $8,924US Average: $15,784

Solar Potential in North Manchester

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

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

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

For North Manchester residents, the average monthly kWh usage is 939, with an standard electric bill of $121.56. Keep in mind that apartments and smaller dwellings, which generally have reduced energy consumption, are included in this statistic.

For October 2024, North Manchester, IN's mean electricity rate is 12.94¢ per kWh.

To fully meet the energy needs of an average user in North Manchester, a solar system of 8 kW or larger is needed. Before any incentives, an 8 kWsolar panel system will cost around $32,400, but with a 30% federal tax credit, the price drops to $22,680.

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Average solar panel costs by system size in North Manchester

Visible below and to the left is the pricing breakdown for multiple sizes of the solar panel systems in North Manchester. As expected, a larger solar system implies a greater initial expense, but it also results in more significant electricity savings and more substantial income tax credits.

The solar panel cost calculator below and to the right analyzes costs and benefits, based on an average $121.56 electric bill in North Manchester For a more accurate estimate, swap the $121.56 with your average electricity bill amount.

System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $769 a year
Est. Price
$11,340
Savings from a 4kWthis system
  • Est. yearly production 5,916 kWh
  • Est. monthly savings $64
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 4.8 tons a year
  • Equivalent to planting 221 trees a year
  • Equivalent to driving 11,889 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $961 a year
Est. Price
$14,175
Savings from a 5kWthis system
  • Est. yearly production 7,395 kWh
  • Est. monthly savings $80
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 6 tons a year
  • Equivalent to planting 276 trees a year
  • Equivalent to driving 14,861 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,154 a year
Est. Price
$17,010
Savings from a 6kWthis system
  • Est. yearly production 8,874 kWh
  • Est. monthly savings $96
  • Full payback in 12 years
Environmental Impacts
  • Reduces CO2 emissions by 7.2 tons a year
  • Equivalent to planting 331 trees a year
  • Equivalent to driving 17,833 mi less a year
System Size 7kW
Roof Size Min. space required
501 ft²
Electricity Value Annual Production $1,346 a year
Est. Price
$19,845
Savings from a 7kWthis system
  • Est. yearly production 10,353 kWh
  • Est. monthly savings $112
  • Full payback in 14 years
Environmental Impacts
  • Reduces CO2 emissions by 8.41 tons a year
  • Equivalent to planting 386 trees a year
  • Equivalent to driving 20,805 mi less a year
System Size 8kW
Roof Size Min. space required
572 ft²
Electricity Value Annual Production $1,538 a year
Est. Price
$22,680
Savings from a 8kWthis system
  • Est. yearly production 11,832 kWh
  • Est. monthly savings $122
  • Full payback in 16 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

North Manchester Solar Panel Installation Incentives & Rebates | 2024

Between 80% and 100% of your solar or wind turbine installation costs may be covered by the REAP Grant if you own a rural small business or farm. If you think you might be eligible, try our REAP Grant eligibility tool to confirm your qualification.

Most residents are eligible for the 30% federal income tax credit for residential solar, making it a viable option in numerous states throughout the country. On top of that, there are various state and local incentives to further encourage the adoption of solar energy.

Indiana offers 4 solar rebate and incentive programs through multiple utilities and government entities.

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 planning to remain in their homes after the solar system's payback period, adding solar panels is a obvious choice in North Manchester. A 5 kW solar system in North Manchester, IN could potentially save you $14,999.4 over the course of 20 years, with the break even point typically at 10 years.

The cost of not having solar panels in North Manchester, IN

Beyond forgoing the savings noted above, the absence of solar panels or an alternative backup energy solution leads to total dependency on your electric utility for power. Total reliance on your utility isn't always the best scenario as the news has recently shown.

Annually, customers in North Manchester face approximately 1.14 outages each year. The average length of an outage is 133.84 minutes. In events like overloaded power grids, winter storms or vandalism, this duration can extend significantly.

Even without a backup battery, a solar panel system could alleviate the burden of potential future power disruptions you may face.

Power Outages

Currently, 0 customers are being tracked in Wabash County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in North Manchester, IN?

Your Energy Needs - The cost per watt is decreased with larger solar panel systems, even though the initial cost is higher. Numerous people find it beneficial to set up a solar energy system that can offset their entire electric bill. This ensures optimal savings.

Make & Model - Solar panels and mounting equipment, like many other products, come in different makes and models. The preferences for system that your installer has may make it essential to choose a reputable company. Consumers who opt for superior materials generally enjoy a better long-term experience.

Solar Panel Type - The standard in the industry is now monocrystalline panels, and for good reason. They are pricier but produce more energy. The majority of professionals in solar installation use panels crafted from this material.

Your Property - No two properties or homes are the same. Rough terrain, trees, or additional hindrances can make the installation process more challenging. The majority of solar installers today are able to use satellite imagery to assess your home and incorporate these elements in the first cost estimate.

Labor Rates - Employees get varied wages from different companies, and these costs are borne by the consumers. Companies that pay higher wages often receive higher reviews for their work and customer service.

Permitting & Interconnection - Installation costs will be affected by different local permitting and utility interconnection fees, depending on the region. Quality local installers will include these numbers into your first quotes to prevent any surprises.

See what solar panels cost in other IN cities

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Who are the best solar installers in North Manchester?

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.

North Manchester, IN Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in North Manchester, IN has reached $4.05/W. After the federal tax credit, the estimated cost for a 5 kW solar panel system in North Manchester, IN is roughly $14,175.

  • There are 4 rebates and incentives available in Indiana from a range of utility providers and government organizations. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Even though cash payments provide the greatest savings, many financing options for solar panels today are also cost-effective. Installers will often include details on financing partners in the quotes they provide initially.

  • Yes, the typical payback time for 5 kW solar panel systems in North Manchester, IN is 10 years, and the expected electricity cost savings over 20 years is $14,999.4.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01