Solar Panel Cost Guide in Granger, OH (2024 Update)
- Granger Solar Installation Cost: $18,134
- 25-Year Savings: $15,073
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in Granger
Here’s how much it might cost to switch to solar power in Granger.
The national average cost of solar panels is $2.66 per watt, but in Granger it’s 3 per watt.The average solar panel system size in Granger is around 7.6 kilowatts, meaning a cost of about $18,134 for a solar installation, or $25,932 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of going solar can vary depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with.With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Granger find investing in solar has a decent ROI.
To receive a free estimate from a vetted solar installer in Granger, you can click the button below.
Solar savings over time in Granger
| Year | Return on Investment |
|---|---|
| 1 years | $-16,914 |
| 3 years | $-14,473 |
| 5 years | $-12,033 |
| 7 years | $-9,592 |
| 9 years | $-7,152 |
| 11 years | $-4,711 |
| 13 years | $-2,271 |
| 15 years | $170 |
| 17 years | $2,610 |
| 19 years | $5,050 |
| 21 years | $7,491 |
| 23 years | $9,931 |
| 25 years | $12,372 |
Top Solar Installers in Granger
Many homeowners choose to use a solar installer since figuring out how to install solar panels on your own can be hard. Also, if you’d like to maximize your investment in solar energy, using a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
If you're looking for a solar company in Granger, we've compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Granger
Factors that Affect Solar Panel Costs in Granger
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Granger: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are offered by most installers in Granger, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.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 more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.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 cost more. It’s best to do some research and choose a company that offers the products, warranties and services you want and also fits within 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 | $7,762 | 16.4 years |
| 8 kW | $3.48 | $19,478 | $10,731 | 16.1 years |
| 10 kW | $3.41 | $23,870 | $13,891 | 15.8 years |
| 12 kW | $3.34 | $28,071 | $17,242 | 15.5 years |
| 14 kW | $3.27 | $32,081 | $20,784 | 15.2 years |
| 16 kW | $3.21 | $35,900 | $24,517 | 14.9 years |
| 18 kW | $3.14 | $39,529 | $28,441 | 14.5 years |
| 20 kW | $3.07 | $42,966 | $32,556 | 14.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
- Contract: When looking through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: When going solar, it’s crucial to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Granger, OH Solar Cost FAQs
What is the average cost of installing solar panels in Granger?
This is a difficult 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Granger?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Granger have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Granger?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.