Solar Panel Cost Guide in Jackson, OH (2024 Update)
- Jackson Solar Installation Cost: $18,014
- 25-Year Savings: $18,586
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Jackson
We break down average solar pricing in Jackson.
In Jackson, solar panels cost about 3 per watt on average.To cover the typical energy needs of the average home in Jackson, most homeowners require a 7.5-kilowatt system. Using the figure above, a solar installation costs around $18,014, or $25,760 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 look different based on the amount of energy your home requires and what company you go with.For most homeowners, the upfront cost of solar panels is worth paying. On average Jackson homeowners see about $16,000 in savings on utility bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Jackson
Year | Return on Investment |
---|---|
1 years | $-16,787 |
3 years | $-14,334 |
5 years | $-11,881 |
7 years | $-9,428 |
9 years | $-6,975 |
11 years | $-4,522 |
13 years | $-2,068 |
15 years | $385 |
17 years | $2,838 |
19 years | $5,291 |
21 years | $7,744 |
23 years | $10,198 |
25 years | $12,651 |
Top Solar Installers in Jackson
Many homeowners choose to hire a solar panel company since figuring out how to install solar panels yourself can be challenging. The payback period on a solar system will vary depending on factors like your location and energy use, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Jackson:
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 Jackson
Factors that Affect Solar Panel Costs in Jackson
There are several factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,410. The brand of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Jackson, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Jackson is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Larger national companies typically have lower costs, but some local companies undercut them by offering 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 | $10,634 | 14.6 years |
8 kW | $3.48 | $19,478 | $14,560 | 14.3 years |
10 kW | $3.41 | $23,870 | $18,678 | 14.0 years |
12 kW | $3.34 | $28,071 | $22,986 | 13.7 years |
14 kW | $3.27 | $32,081 | $27,485 | 13.5 years |
16 kW | $3.21 | $35,900 | $32,176 | 13.2 years |
18 kW | $3.14 | $39,529 | $37,057 | 12.9 years |
20 kW | $3.07 | $42,966 | $42,129 | 12.6 years |
How to Save on Solar Panels
There are a large number of companies available in Jackson, 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: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project timeline.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Jackson, OH Solar Cost FAQs
What is the average cost of installing solar panels in Jackson?
The average cost of solar panels in Jackson 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Jackson?
Leasing solar panels can be an option if you are unable to 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 bang for your buck from going solar.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 get between 20 and 35 panels to account for 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.