Solar Panel Cost Guide in Carey, OH (2024 Update)
- Carey Solar Installation Cost: $18,330
- 25-Year Savings: $19,275
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Carey
Let’s take a look at the average cost of solar in Carey.
The average cost of a solar panel system in Carey is 3 per watt.Using this figure, a typical 7.7-kW system would cost about $18,330 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with.Even with the large upfront cost, the average Carey homeowner can save about $16,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar installer in Carey for a quote for your home.
Solar savings over time in Carey
| Year | Return on Investment |
|---|---|
| 1 years | $-16,998 |
| 3 years | $-14,334 |
| 5 years | $-11,670 |
| 7 years | $-9,006 |
| 9 years | $-6,342 |
| 11 years | $-3,678 |
| 13 years | $-1,014 |
| 15 years | $1,650 |
| 17 years | $4,314 |
| 19 years | $6,978 |
| 21 years | $9,642 |
| 23 years | $12,306 |
| 25 years | $14,970 |
Top Solar Installers in Carey
Although you can install solar panels by yourself, it takes extra labor and know-how. That's why most people choose a solar panel installer. Another good thing about choosing a top solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
If you’d like to start using solar energy but still aren’t sure which solar installer to go with, here are our suggestions for providers in Carey:
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 Carey
Factors that Affect Solar Panel Costs in Carey
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Carey: 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 panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with 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.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Carey to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.You’ll have to consider the long-term cost of loans, including the amount of 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 more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Carey is the company you choose to install your solar system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services at different price points.The company’s size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more 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 | $10,917 | 14.4 years |
| 8 kW | $3.48 | $19,478 | $14,938 | 14.1 years |
| 10 kW | $3.41 | $23,870 | $19,150 | 13.9 years |
| 12 kW | $3.34 | $28,071 | $23,552 | 13.6 years |
| 14 kW | $3.27 | $32,081 | $28,146 | 13.3 years |
| 16 kW | $3.21 | $35,900 | $32,931 | 13.0 years |
| 18 kW | $3.14 | $39,529 | $37,907 | 12.8 years |
| 20 kW | $3.07 | $42,966 | $43,073 | 12.5 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Companies that have been in business for many years likely have a solid 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.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Carey, OH Solar Cost FAQs
What is the average cost of installing solar panels in Carey?
The average cost of solar panels in Carey 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 model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Carey, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
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 typically produce about 250 to 400 watt-hours per hour, the average household 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.