Solar Panel Cost Guide in Morgan, OH (2025 Update)
- Morgan Solar Installation Cost: $17,747
- 25-Year Savings: $18,706
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Morgan
We break down average solar pricing in Morgan.
The average cost of a solar panel system in Morgan is 3 per watt.The average solar panel system size in Morgan is around 7.4 kilowatts, meaning a cost of about $17,747 for a solar installation, or $25,378 before the 0 federal solar tax credit is applied.
Keep in mind 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 choose, your solar contractor and more.Despite the large upfront cost, the average Morgan homeowner can save about $16,000 on their energy bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Morgan
Year | Return on Investment |
---|---|
1 years | $-16,582 |
3 years | $-14,252 |
5 years | $-11,922 |
7 years | $-9,592 |
9 years | $-7,262 |
11 years | $-4,932 |
13 years | $-2,602 |
15 years | $-272 |
17 years | $2,058 |
19 years | $4,388 |
21 years | $6,718 |
23 years | $9,048 |
25 years | $11,378 |
Top Solar Installers in Morgan
When going solar, many homeowners decide to go with a solar installer since installing solar panels yourself can be a difficult project. Some solar installers, especially local ones, can help you better understand incentives in Morgan, therefore optimizing your ROI.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 Morgan
Factors that Affect Solar Panel Costs in Morgan
There are many factors that can affect your total 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 system you need, 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 brand and kind of equipment you choose 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 come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a solid choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Morgan, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $10,953 | 14.4 years |
8 kW | $3.48 | $19,478 | $14,985 | 14.1 years |
10 kW | $3.41 | $23,870 | $19,209 | 13.9 years |
12 kW | $3.34 | $28,071 | $23,624 | 13.6 years |
14 kW | $3.27 | $32,081 | $28,229 | 13.3 years |
16 kW | $3.21 | $35,900 | $33,026 | 13.0 years |
18 kW | $3.14 | $39,529 | $38,014 | 12.7 years |
20 kW | $3.07 | $42,966 | $43,192 | 12.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you want to install plays a role in which installer you should choose, since different companies provide different panels.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Contract: Before you sign a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Morgan, OH Solar Cost FAQs
How much does it cost to install solar panels in Morgan?
The average cost of solar panels in Morgan 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 type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $861.58 per year.
How long do solar panels last in Morgan?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can decide 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.