Solar Panel Cost Guide in Calcutta, OH (2024 Update)
- Calcutta Solar Installation Cost: $18,691
- 25-Year Savings: $13,231
- Payback Period: 17.1 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Calcutta
Here’s how much it might cost to switch to solar power in Calcutta.
The national average cost of solar panels is $2.66 per watt, but in Calcutta it’s 3 per watt.The average Calcutta homeowner needs a 7.8-kilowatt system, which would cost about $18,691 with the federal tax credit, or $26,728 before the 0 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 making the switch to solar can vary based on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $13,000 over 20 years on power bills.
Click the button below to get connected to a highly rated solar installer in Calcutta for a custom quote.
Solar savings over time in Calcutta
Year | Return on Investment |
---|---|
1 years | $-17,471 |
3 years | $-15,031 |
5 years | $-12,590 |
7 years | $-10,150 |
9 years | $-7,709 |
11 years | $-5,269 |
13 years | $-2,828 |
15 years | $-388 |
17 years | $2,053 |
19 years | $4,493 |
21 years | $6,933 |
23 years | $9,374 |
25 years | $11,814 |
Top Solar Installers in Calcutta
Putting up solar panels by yourself can be a difficult project, which is why getting a solar installer is a good option for many homeowners. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Calcutta:
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 Calcutta
Factors that Affect Solar Panel Costs in Calcutta
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few major factors that will push your cost above or below the average in Calcutta: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Calcutta provide solar loans, which reduce the initial cost of installing solar.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installation company you choose will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $5,995 | 17.8 years |
8 kW | $3.48 | $19,478 | $8,376 | 17.5 years |
10 kW | $3.41 | $23,870 | $10,947 | 17.1 years |
12 kW | $3.34 | $28,071 | $13,709 | 16.8 years |
14 kW | $3.27 | $32,081 | $16,662 | 16.5 years |
16 kW | $3.21 | $35,900 | $19,807 | 16.1 years |
18 kW | $3.14 | $39,529 | $23,142 | 15.8 years |
20 kW | $3.07 | $42,966 | $26,668 | 15.4 years |
How to Save on Solar Panels
The solar company you choose will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: The model of solar panel you’d like plays a role in which company you should go with, since different companies provide different panels.
- Warranty: If you’re worried about the endurance of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Well-established companies 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.
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 Calcutta, OH Solar Cost FAQs
What is the average cost of installing solar panels in Calcutta?
This is a hard question to answer exactly, because the cost depends on many 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 other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Calcutta?
You can’t get solar panels for free in Calcutta. However, you may still be able to afford 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.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $696.34 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.