Solar Panels Cost 5.9k-17k in Valparaiso, IN | October, 2024

Solar Panels Cost $5.9k-$17k in Valparaiso, IN | October, 2024

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

Solar panel installations in Valparaiso, IN in the month of October, 2024 have an average cost of $4.24 per watt.

Each 1 kW (1000 watts) of solar power capacity will require an investment of $4,240 for installation. When you deduct the 30% federal tax credit, a 5 kW solar system in Valparaiso will cost approximately $14,840. To ensure your energy needs are met, you could require a larger system.

By selecting your county on the left, you can see the average roof size and the average maximum capacity for residential solar panel systems in your area. See below a comprehensive breakdown of the {price|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.
Valparaiso: $14,840US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Valparaiso: 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.
Valparaiso: $7,478US Average: $15,784

Solar Potential in Valparaiso

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

Roof size 733sq. ft.
Capacity 10.25kW DC
Electricity 11.5kkWh AC per yr.

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

The monthly kWh usage for a Valparaiso energy consumer is 658, with a typical electric bill of $119.49. Compact residences, such as efficiency studios and apartments, are also part of the figures mentioned in the previous sentence.

Valparaiso, IN's electricity rate is 18.16¢ per kWh in October 2024.

To account for the electricity consumption of a typical consumer in Valparaiso, a solar power system of 6 kW or higher is a must. Before incentives, a 6 kW solar setup is around $25,440, with the federal tax credit providing 30% back, reducing the price to $17,808.

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Average solar panel costs by system size in Valparaiso

On the left and below, there is the price breakdown for multiple sizes of the solar panel systems set up in Valparaiso. With bigger solar systems, the price rises, but so do the electricity savings and the income tax credits you can receive.

In the solar panel cost calculator situated to the right and below, you can see a cost and benefit breakdown to match an average $119.49electric bill in Valparaiso. Modify the $119.49 to your average electricity bill payment for more accurate results.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $532 a year
Est. Price
$5,936
Savings from a 2kWthis system
  • Est. yearly production 2,958 kWh
  • Est. monthly savings $44
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 3.41 tons a year
  • Equivalent to planting 157 trees a year
  • Equivalent to driving 8,438 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $799 a year
Est. Price
$8,904
Savings from a 3kWthis system
  • Est. yearly production 4,437 kWh
  • Est. monthly savings $67
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 5.11 tons a year
  • Equivalent to planting 235 trees a year
  • Equivalent to driving 12,657 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,065 a year
Est. Price
$11,872
Savings from a 4kWthis system
  • Est. yearly production 5,916 kWh
  • Est. monthly savings $89
  • Full payback in 8 years
Environmental Impacts
  • Reduces CO2 emissions by 6.82 tons a year
  • Equivalent to planting 313 trees a year
  • Equivalent to driving 16,876 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,331 a year
Est. Price
$14,840
Savings from a 5kWthis system
  • Est. yearly production 7,395 kWh
  • Est. monthly savings $111
  • Full payback in 10 years
Environmental Impacts
  • Reduces CO2 emissions by 8.52 tons a year
  • Equivalent to planting 391 trees a year
  • Equivalent to driving 21,095 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $1,597 a year
Est. Price
$17,808
Savings from a 6kWthis system
  • Est. yearly production 8,874 kWh
  • Est. monthly savings $119
  • Full payback in 12 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

Valparaiso Solar Panel Installation Incentives & Rebates | 2024

Small businesses and agricultural enterprises in rural areas may see between 80% and 100% of their photovoltaic or wind turbine installation costs covered by the REAP Grant. Wondering about your eligibility? Use our REAP Grant eligibility tool to check.

When it comes to residential solar, the majority of people qualify for the 30% federal income tax credit, which makes solar a sensible option in most regions of the nation. In addition, many state and local programs work to further encourage the adoption of solar power.

In Indiana, different utilities and government bodies offer 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?

Homeowners in Valparaiso who expect to live in their residence beyond the payback period of their solar system will find solar panels an obvious choice. Installing a 5 kW solar system in Valparaiso, IN will, on average, save you $13,837.6 over 20 years, and you can expect to break even in about 10 years.

The cost of not having solar panels in Valparaiso, IN

The lack of solar panels or an alternative energy backup means you'll forgo the earlier mentioned savings and be entirely reliant on your electric utility for power. Recent news has proven that total reliance on your utility company isn't always the best option.

Customers in Valparaiso face roughly 0.95 outages per year. On average, an outage lasts 143 minutes. Major events such as winter storms, aging infrastructure, or planned maintenance can significantly extend these time frames.

Even without a backup battery, a solar panel system can reduce the pressure of future outages you may experience.

Power Outages

Currently, 0 customers are being tracked in Porter County.

Learn more

Customers Out:

0

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

Your Energy Needs - Larger solar panel systems have a larger initial cost, yet the average cost per watt drops as the system size grows. Most individuals find it useful to set up a solar system that can generate enough electricity to replace the entirety of their electric bill. This math makes the most sense for increased savings.

Make & Model - Just like other products, solar panels come in a variety of makes and models. As your installer may prefer specific brands, it's important to choose a highly rated installer. For consumers wanting a more favorable long-term experience, choosing higher quality makes and models is critical.

Solar Panel Type - It's understandable that monocrystalline panels are now the industry standard. They are more expensive but provide more energy. Many professionals in solar installation utilize panels constructed from this material.

Your Property - Each property and home has its own characteristics. Factors like uneven ground, trees, or other considerations can make the installation more challenging. By using satellite images, most solar installers nowadays can assess your home and incorporate these elements into the initial cost estimate.

Labor Rates - The varied employee wages paid by companies result in costs that consumers eventually paying . Higher wages often correlate with better reviews for companies' services and customer service.

Permitting & Interconnection - Local permitting and utility interconnection fees, which change by area, will influence your installation cost. Good installers will factor these costs into your first quotes to prevent unexpected expenses.

See what solar panels cost in other IN cities

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Who are the best solar installers in Valparaiso?

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.

Valparaiso, IN Solar Panel Cost FAQs

  • As of October, 2024, the average solar panel installation cost in Valparaiso, IN has reached $4.24/W. Installing a 5 kW solar panel system in Valparaiso, IN will cost approximately $14,840 after applying the federal tax credit.

  • Utilities and government agencies in Indiana are currently offering 4 different rebates and incentives. Additionally, the vast majority qualify for the 30% federal tax credit.

  • Paying in cash results in the highest savings, but there are numerous financing options available today for solar panels that are also cost-effective. Financing options are often provided by installers and may be included in your initial quotes.

  • Yes, in Valparaiso, IN, 5 kW solar panel systems usually pay off in 10 years, providing an average electricity cost savings of $13,837.6 over a 20-year period.
Ginalyn Gelera
Last Reviewed By: Ginalyn Gelera
Published: 2024-10-01