Solar Panel Cost Guide in Martins Ferry, OH (2024 Update)
- Martins Ferry Solar Installation Cost: $18,453
- 25-Year Savings: $16,413
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Martins Ferry
Find out what the average cost of installing solar panels is in Martins Ferry.
In Martins Ferry, solar panels cost about 3 per watt on average.The average Martins Ferry homeowner needs a 7.7-kilowatt system, which would cost about $18,453 with the federal tax credit, or $26,388 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you may look different based on the amount of energy your home requires and what company you choose to go with.Even with the large initial cost, the average Martins Ferry homeowner can save about $15,000 on their energy bills over 20 years, which is one of the positives of solar.
To receive a free quote from a top solar installation company in Martins Ferry, you can click the button below.
Solar savings over time in Martins Ferry
| Year | Return on Investment |
|---|---|
| 1 years | $-17,121 |
| 3 years | $-14,457 |
| 5 years | $-11,793 |
| 7 years | $-9,129 |
| 9 years | $-6,465 |
| 11 years | $-3,801 |
| 13 years | $-1,137 |
| 15 years | $1,527 |
| 17 years | $4,191 |
| 19 years | $6,855 |
| 21 years | $9,519 |
| 23 years | $12,183 |
| 25 years | $14,847 |
Top Solar Installers in Martins Ferry
Many homeowners decide to use a solar installation company since trying to put up solar panels by yourself can be a labor-intensive endeavor. Another great thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Martins Ferry
Factors that Affect Solar Panel Costs in Martins Ferry
There are several factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,410. The model of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that have higher efficiency, 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 researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Martins Ferry to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also adds to your overall costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can affect how much you pay. Martins Ferry’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — 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 find a company that provides the products, warranties and services you want and also is 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 | $8,595 | 15.9 years |
| 8 kW | $3.48 | $19,478 | $11,842 | 15.5 years |
| 10 kW | $3.41 | $23,870 | $15,280 | 15.2 years |
| 12 kW | $3.34 | $28,071 | $18,909 | 14.9 years |
| 14 kW | $3.27 | $32,081 | $22,729 | 14.6 years |
| 16 kW | $3.21 | $35,900 | $26,740 | 14.3 years |
| 18 kW | $3.14 | $39,529 | $30,942 | 14.0 years |
| 20 kW | $3.07 | $42,966 | $35,334 | 13.7 years |
How to Save on Solar Panels
There are a large number of companies available in Martins Ferry, and some homeowners feel overwhelmed considering their options. Choosing 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 based on their roof configurations and how much efficiency they need. While 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 peruse their list of offerings before making your decision.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
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 Martins Ferry, OH Solar Cost FAQs
What is the average cost of installing solar panels in Martins Ferry?
This is a difficult question to answer exactly, because the cost depends on a few different 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels eliminate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Martins Ferry, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.