Solar Panel Cost Guide in Macedonia, OH (2024 Update)

  • Macedonia Solar Installation Cost: $18,650
  • 25-Year Savings: $13,792
  • Payback Period: 16.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Macedonia

Find out how much it might cost to switch to solar power in Macedonia.

The national average cost of solar panels is $2.66 per watt, but in Macedonia it’s 3 per watt.To cover the typical energy needs of the average home in Macedonia, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs around $18,650, or $26,670 before the federal solar tax credit of 0 is applied.

Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy consumption, the type of equipment you want to get, your solar contractor and more.Even with the significant upfront cost, the average Macedonia homeowner can save around $14,000 on their electricity bills over 20 years, which is one of the perks of solar.

You can click the button below to get connected with a top solar company in Macedonia for a quote for your home.

Solar savings over time in Macedonia

Year Return on Investment
1 years $-17,396
3 years $-14,888
5 years $-12,381
7 years $-9,873
9 years $-7,365
11 years $-4,858
13 years $-2,350
15 years $157
17 years $2,665
19 years $5,173
21 years $7,680
23 years $10,188
25 years $12,695

Top Solar Installers in Macedonia

When switching to solar energy, many homeowners opt to go with a solar installation company since overseeing your solar installation yourself can be a challenging project. The expertise that solar companies provide can be helpful as well, particularly if you aren’t sure what kind of solar equipment you need.

You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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 Macedonia

Factors that Affect Solar Panel Costs in Macedonia

While the average cost of a solar system in Macedonia is $18,650, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.

Solar Equipment

One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $3,410 per kilowatt in Macedonia.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Macedonia, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar companies in Macedonia offer solar loans, which reduce the initial cost of installing a solar system.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

Finally, the company you hire to install your solar panel system can influence your pricing. Macedonia’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Macedonia are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 $6,448 17.4 years
8 kW $3.48 $19,478 $8,980 17.1 years
10 kW $3.41 $23,870 $11,702 16.8 years
12 kW $3.34 $28,071 $14,615 16.4 years
14 kW $3.27 $32,081 $17,720 16.1 years
16 kW $3.21 $35,900 $21,015 15.8 years
18 kW $3.14 $39,529 $24,501 15.4 years
20 kW $3.07 $42,966 $28,178 15.1 years

How to Save on Solar Panels

Since the brand of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
  • Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
  • Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Macedonia, OH Solar Cost FAQs

What is the average cost of installing solar panels in Macedonia?

The average cost of solar panels in Macedonia 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 such as the model of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider aside from cost when buying solar panels?

Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

How will solar panels impact my home value?

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 Macedonia is currently $315,013, which means you can look forward to a value of about $12,916 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Macedonia is a fruitful investment.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy usage 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 install 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.

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