Solar Panel Cost Guide in Mount Gilead, OH (2024 Update)
- Mount Gilead Solar Installation Cost: $18,303
- 25-Year Savings: $15,751
- Payback Period: 15.5 Years
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Average Cost of Solar Panels in Mount Gilead
Find out what the average cost of a solar system is in Mount Gilead.
The national average cost of solar panels is $2.66 per watt, but in Mount Gilead it’s 3 per watt.To cover the typical energy needs of the average home in Mount Gilead, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs about $18,303, or $26,173 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $15,000 over 20 years on utility bills.
Click the button below to get connected to a vetted solar company in Mount Gilead for a customized estimate.
Solar savings over time in Mount Gilead
| Year | Return on Investment |
|---|---|
| 1 years | $-17,083 |
| 3 years | $-14,643 |
| 5 years | $-12,202 |
| 7 years | $-9,762 |
| 9 years | $-7,321 |
| 11 years | $-4,881 |
| 13 years | $-2,440 |
| 15 years | $0 |
| 17 years | $2,441 |
| 19 years | $4,881 |
| 21 years | $7,322 |
| 23 years | $9,762 |
| 25 years | $12,202 |
Top Solar Installers in Mount Gilead
When switching to solar energy, many homeowners opt to use a solar installer since overseeing your solar installation yourself can be a time-consuming project. Another good thing about using a reputable solar installer is that it'll provide warranties and free repairs, which help protect your investment.
There are a number of licensed solar professionals that can install solar panels for you. 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 Mount Gilead
Factors that Affect Solar Panel Costs in Mount Gilead
The cost of installing a solar system in Mount Gilead can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Mount Gilead, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
If paying for a solar system in cash is out of reach, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Mount Gilead, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting 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 | $8,182 | 16.1 years |
| 8 kW | $3.48 | $19,478 | $11,291 | 15.8 years |
| 10 kW | $3.41 | $23,870 | $14,591 | 15.5 years |
| 12 kW | $3.34 | $28,071 | $18,082 | 15.2 years |
| 14 kW | $3.27 | $32,081 | $21,765 | 14.9 years |
| 16 kW | $3.21 | $35,900 | $25,638 | 14.6 years |
| 18 kW | $3.14 | $39,529 | $29,702 | 14.3 years |
| 20 kW | $3.07 | $42,966 | $33,957 | 14.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
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 Mount Gilead, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mount Gilead?
The average cost of solar panels in Mount Gilead is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Mount Gilead?
You can’t get solar panels for free in Mount Gilead. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Mount Gilead, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Mount Gilead?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using 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.