Solar Panel Cost Guide in Coshocton, OH (2024 Update)
- Coshocton Solar Installation Cost: $18,327
- 25-Year Savings: $21,374
- Payback Period: 13.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Coshocton
Let’s have a look at the average cost of solar in Coshocton.
Although the national average of solar panels is $2.66 per watt, solar panels in Coshocton typically cost around 3.To cover the typical energy usage of the average home in Coshocton, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,327, or $26,208 before the federal solar tax credit of 0 is applied.
These figures are just estimates, and how much solar costs for you will most likely vary based on your specific situation and what company you choose to go with.Many homeowners find installing solar panels is a sound investment. The average homeowner in Coshocton can save about $17,000 on their power bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Coshocton, you can click the button below.
Solar savings over time in Coshocton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,995 |
| 3 years | $-14,331 |
| 5 years | $-11,667 |
| 7 years | $-9,003 |
| 9 years | $-6,338 |
| 11 years | $-3,674 |
| 13 years | $-1,010 |
| 15 years | $1,654 |
| 17 years | $4,318 |
| 19 years | $6,982 |
| 21 years | $9,646 |
| 23 years | $12,310 |
| 25 years | $14,974 |
Top Solar Installers in Coshocton
Although it's possible to install solar panels yourself, it requires extra time and expertise. Because of that, most homeowners choose a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our recommendations for providers nearby:
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 Coshocton
Factors that Affect Solar Panel Costs in Coshocton
The cost of installing a solar system in Coshocton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant 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 kind of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Coshocton to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest.Even though solar loans make adopting solar energy more accessible for Coshocton homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Coshocton is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for instance, you’ll have many options for solar installers that provide a range of services at different price points.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that offers the products, warranties and services you want and also fit into your budget.
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 | $12,560 | 13.6 years |
| 8 kW | $3.48 | $19,478 | $17,129 | 13.3 years |
| 10 kW | $3.41 | $23,870 | $21,888 | 13.0 years |
| 12 kW | $3.34 | $28,071 | $26,839 | 12.8 years |
| 14 kW | $3.27 | $32,081 | $31,981 | 12.5 years |
| 16 kW | $3.21 | $35,900 | $37,313 | 12.3 years |
| 18 kW | $3.14 | $39,529 | $42,836 | 12.0 years |
| 20 kW | $3.07 | $42,966 | $48,551 | 11.7 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
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 Coshocton, OH Solar Cost FAQs
What is the average cost of installing solar panels in Coshocton?
The average cost of solar panels in Coshocton 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.
Is it better to lease or buy solar panels in Coshocton?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 buy 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.
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.