Solar Panel Cost Guide in Archbold, OH (2024 Update)
- Archbold Solar Installation Cost: $18,243
- 25-Year Savings: $18,910
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Archbold
Find out how much it might cost to make the switch to solar in Archbold.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Archbold, the average cost of solar panels is 3 per watt.To account for the typical energy needs of the average home in Archbold, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs around $18,243, or $26,087 before the federal solar tax credit of 0 is applied.
The true cost of your system can go higher or lower than the average in Archbold depending on a few factors, such as the model of solar panels you choose and the solar installer you hire.Even with the large upfront cost, the average Archbold homeowner can save around $16,000 on their power bills over 20 years, which is one of the perks of solar.
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 Archbold
| Year | Return on Investment |
|---|---|
| 1 years | $-16,945 |
| 3 years | $-14,351 |
| 5 years | $-11,756 |
| 7 years | $-9,162 |
| 9 years | $-6,567 |
| 11 years | $-3,973 |
| 13 years | $-1,378 |
| 15 years | $1,217 |
| 17 years | $3,811 |
| 19 years | $6,406 |
| 21 years | $9,000 |
| 23 years | $11,595 |
| 25 years | $14,189 |
Top Solar Installers in Archbold
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Hiring an installer can make your switch to solar power much easier. Some solar installers, especially local ones, can help you make the most of incentives in Archbold, therefore optimizing your ROI.
If you're looking for a solar installer in Archbold, we've organized a list of our top suggestions here:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- 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 Archbold
Factors that Affect Solar Panel Costs in Archbold
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Archbold: 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
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Archbold to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time due to interest.However, the interest on solar loans also increases your all-in costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Archbold is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets.The company’s size can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $10,702 | 14.5 years |
| 8 kW | $3.48 | $19,478 | $14,652 | 14.3 years |
| 10 kW | $3.41 | $23,870 | $18,792 | 14.0 years |
| 12 kW | $3.34 | $28,071 | $23,124 | 13.7 years |
| 14 kW | $3.27 | $32,081 | $27,646 | 13.4 years |
| 16 kW | $3.21 | $35,900 | $32,359 | 13.1 years |
| 18 kW | $3.14 | $39,529 | $37,263 | 12.9 years |
| 20 kW | $3.07 | $42,966 | $42,359 | 12.6 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Archbold, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Archbold, OH Solar Cost FAQs
How much does it cost to install solar panels in Archbold?
The average cost of solar panels in Archbold is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Archbold?
You can’t get solar panels for free in Archbold. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power 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 home 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.