Solar Panel Cost Guide in Ironton, OH (2024 Update)
- Ironton Solar Installation Cost: $17,642
- 25-Year Savings: $20,210
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in Ironton
We break down average solar pricing in Ironton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ironton, the average cost of solar panels is 3 per watt.To account for the typical energy usage of the average home in Ironton, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $17,642, or $25,228 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Ironton homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront cost of solar power is worth paying. On average Ironton homeowners see about $17,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a personalized estimate.
Solar savings over time in Ironton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,310 |
| 3 years | $-13,646 |
| 5 years | $-10,982 |
| 7 years | $-8,318 |
| 9 years | $-5,654 |
| 11 years | $-2,990 |
| 13 years | $-326 |
| 15 years | $2,338 |
| 17 years | $5,002 |
| 19 years | $7,666 |
| 21 years | $10,330 |
| 23 years | $12,994 |
| 25 years | $15,658 |
Top Solar Installers in Ironton
When going solar, many homeowners opt to use a solar company since handling can be a difficult project. Companies can also have access to various kinds of the best solar panels and help you pick which one will be right for your family.
If you're looking for a solar company in Ironton, we've organized 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 Ironton
Factors that Affect Solar Panel Costs in Ironton
For many Ironton homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Ironton, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Ironton, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Ironton, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Ironton homeowners decide to finance their solar panel systems to make going solar more affordable.It’s a good idea 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 off the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Ironton is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Ironton are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $12,263 | 13.7 years |
| 8 kW | $3.48 | $19,478 | $16,733 | 13.4 years |
| 10 kW | $3.41 | $23,870 | $21,393 | 13.2 years |
| 12 kW | $3.34 | $28,071 | $26,245 | 12.9 years |
| 14 kW | $3.27 | $32,081 | $31,287 | 12.7 years |
| 16 kW | $3.21 | $35,900 | $36,521 | 12.4 years |
| 18 kW | $3.14 | $39,529 | $41,945 | 12.1 years |
| 20 kW | $3.07 | $42,966 | $47,561 | 11.9 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Warranty: If you care about the longevity of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Contract: Though reading through a contract can be tedious, it’s important to do it thoroughly 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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Ironton, OH Solar Cost FAQs
How much does it cost to install solar panels in Ironton?
The average cost of solar panels in Ironton is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff 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 Ironton?
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 don’t have access to many solar incentives. Also your property 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.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ironton is currently $102,023, which means you can expect a value of about $4,183 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Ironton is a worthwhile investment.
How long do solar panels last in Ironton?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.