Solar Panel Cost Guide in Allen, OH (2025 Update)
- Allen Solar Installation Cost: $18,134
- 25-Year Savings: $14,517
- Payback Period: 16.1 Years
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Average Cost of Solar Panels in Allen
We go over average solar pricing in Allen.
While the national average of solar panels is $2.66 per watt, solar panels in Allen typically cost around 3.The average solar panel system size in Allen is around 7.6 kilowatts, meaning a cost of about $18,134 for a solar installation, or $25,932 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary based on a few factors, such as how many panels you need, your energy consumption and what company you go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $14,000 over 20 years on electricity bills.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Allen
| Year | Return on Investment |
|---|---|
| 1 years | $-16,837 |
| 3 years | $-14,242 |
| 5 years | $-11,648 |
| 7 years | $-9,053 |
| 9 years | $-6,459 |
| 11 years | $-3,864 |
| 13 years | $-1,269 |
| 15 years | $1,325 |
| 17 years | $3,920 |
| 19 years | $6,514 |
| 21 years | $9,109 |
| 23 years | $11,703 |
| 25 years | $14,298 |
Top Solar Installers in Allen
Many homeowners opt for a solar panel installer since installing solar panels yourself can be challenging. Local solar installers can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you're looking for a solar installer in Allen, we've compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Allen
Factors that Affect Solar Panel Costs in Allen
Even though the average cost of a solar system in Allen is $18,134, your final cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Allen is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different price points.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment 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 | $7,322 | 16.8 years |
| 8 kW | $3.48 | $19,478 | $10,145 | 16.4 years |
| 10 kW | $3.41 | $23,870 | $13,159 | 16.1 years |
| 12 kW | $3.34 | $28,071 | $16,363 | 15.8 years |
| 14 kW | $3.27 | $32,081 | $19,759 | 15.5 years |
| 16 kW | $3.21 | $35,900 | $23,345 | 15.1 years |
| 18 kW | $3.14 | $39,529 | $27,123 | 14.8 years |
| 20 kW | $3.07 | $42,966 | $31,091 | 14.5 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Allen, OH Solar Cost FAQs
What is the average cost of installing solar panels in Allen?
The average cost of solar panels in Allen is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $740.57 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.