Solar Panel Cost Guide in Coldwater, OH (2025 Update)
- Coldwater Solar Installation Cost: $17,924
- 25-Year Savings: $13,252
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in Coldwater
We break down average solar pricing in Coldwater.
In Coldwater, solar panels cost about 3 per watt on average.The average Coldwater homeowner needs a 7.5-kilowatt system, which would cost about $17,924 with the federal tax credit, or $25,631 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar panels you want to get, your solar contractor and more.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Coldwater see about $14,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Coldwater for a personalized quote.
Solar savings over time in Coldwater
| Year | Return on Investment |
|---|---|
| 1 years | $-16,906 |
| 3 years | $-14,869 |
| 5 years | $-12,833 |
| 7 years | $-10,796 |
| 9 years | $-8,760 |
| 11 years | $-6,723 |
| 13 years | $-4,686 |
| 15 years | $-2,650 |
| 17 years | $-613 |
| 19 years | $1,423 |
| 21 years | $3,460 |
| 23 years | $5,496 |
| 25 years | $7,533 |
Top Solar Installers in Coldwater
When going solar, many homeowners prefer to go with a solar company since DIY solar panel installation can be a difficult project. The payback period on a solar system will vary based on factors like your location and energy needs, but working with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
If you’d like to start using solar energy but still aren’t certain which solar installer to go with, here are our suggestions for providers nearby:
See all of the solar companies in Coldwater
Factors that Affect Solar Panel Costs in Coldwater
The cost of installing a solar system in Coldwater can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Coldwater, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose 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
Most solar companies in Coldwater offer solar loans, which reduce the initial cost of installing solar panels.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Coldwater is the company you choose to install your PV system. As with choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that provide a range of services at different costs.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $6,446 | 17.4 years |
| 8 kW | $3.48 | $19,478 | $8,977 | 17.1 years |
| 10 kW | $3.41 | $23,870 | $11,698 | 16.8 years |
| 12 kW | $3.34 | $28,071 | $14,611 | 16.4 years |
| 14 kW | $3.27 | $32,081 | $17,714 | 16.1 years |
| 16 kW | $3.21 | $35,900 | $21,009 | 15.8 years |
| 18 kW | $3.14 | $39,529 | $24,494 | 15.4 years |
| 20 kW | $3.07 | $42,966 | $28,170 | 15.1 years |
How to Save on Solar Panels
There are a lot of companies available in Coldwater, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Companies that have been operating 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 service, such as part repairs and replacements.
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
EcoWatch's Coldwater, OH Solar Cost FAQs
How much does it cost to install solar panels in Coldwater?
The average cost of solar panels in Coldwater 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
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 the amount of direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.