Solar Panel Cost Guide in Ada, OH (2024 Update)

  • Ada Solar Installation Cost: $18,203
  • 25-Year Savings: $19,512
  • Payback Period: 13.7 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Ada

Find out what the average cost of installing solar panels is in Ada.

In Ada, solar panels cost about 3 per watt on average.Using this figure, a typical 7.6-kW system would cost about $18,203 before the 0 federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar system you want to get, your solar contractor and more.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Ada can save about $17,000 on their energy bills over 20 years.

For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Ada

Year Return on Investment
1 years $-16,871
3 years $-14,207
5 years $-11,543
7 years $-8,879
9 years $-6,214
11 years $-3,550
13 years $-886
15 years $1,778
17 years $4,442
19 years $7,106
21 years $9,770
23 years $12,434
25 years $15,098

Top Solar Installers in Ada

Although it's possible to install solar panels on your own, it involves extra time and knowledge. That's one of the reasons the majority of homeowners choose a solar panel installer. Another good thing about choosing a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.

If you're on the hunt for a solar installer in Ada, the EcoWatch team has put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Ada

Factors that Affect Solar Panel Costs in Ada

Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Ada: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.

Solar Equipment

One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $3,410 per kilowatt in Ada.The type of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.

Solar Financing Terms

Most solar installers in Ada offer solar loans, which reduce your upfront costs of installing solar panels.Although solar loans make adopting solar energy more accessible for Ada homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar installer you opt for to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Ada, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.55 $14,895 $11,209 14.3 years
8 kW $3.48 $19,478 $15,328 14.0 years
10 kW $3.41 $23,870 $19,637 13.7 years
12 kW $3.34 $28,071 $24,137 13.4 years
14 kW $3.27 $32,081 $28,828 13.2 years
16 kW $3.21 $35,900 $33,711 12.9 years
18 kW $3.14 $39,529 $38,784 12.6 years
20 kW $3.07 $42,966 $44,048 12.3 years

How to Save on Solar Panels

The solar panel company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:

  • Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
  • Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
  • Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Ada, OH Solar Cost FAQs

What is the average cost of installing solar panels in Ada?

This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.

What other factors should I consider aside from cost when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase your home value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ada is currently $198,645, which means you can look forward to a value of about $8,144 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Ada is a worthwhile investment.

How long do solar panels last in Ada?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.

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.

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