Solar Panel Cost Guide in New Carlisle, OH (2024 Update)

  • New Carlisle Solar Installation Cost: $17,780
  • 25-Year Savings: $14,288
  • Payback Period: 16.1 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 New Carlisle

Let’s have a look at the average cost of solar in New Carlisle.

The average cost of a solar system in New Carlisle is 3 per watt.The average solar panel system size in New Carlisle is around 7.4 kilowatts, meaning a cost of about $17,780 for a solar installation, or $25,425 before the 0 federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average energy use of New Carlisle homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $14,000 on utility bills over 20 years, many homeowners in New Carlisle find investing in solar has a decent ROI.

To get a free estimate from a highly rated solar installer in New Carlisle, you can click the button below.

Solar savings over time in New Carlisle

Year Return on Investment
1 years $-16,762
3 years $-14,725
5 years $-12,689
7 years $-10,652
9 years $-8,616
11 years $-6,579
13 years $-4,542
15 years $-2,506
17 years $-469
19 years $1,567
21 years $3,604
23 years $5,641
25 years $7,677

Top Solar Installers in New Carlisle

When going solar, many homeowners decide to use a solar company since installing a solar system yourself can be a difficult project. The payback period on a solar system will vary depending on factors like your roof configuration and energy use, but working with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.

If you’d like to start using solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers 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 New Carlisle

Factors that Affect Solar Panel Costs in New Carlisle

The cost of installing a solar system in New Carlisle can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.

Solar Equipment

The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,410. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like New Carlisle, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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

Many homeowners find the average cost of solar in New Carlisle to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.You’ll have to consider the long-term cost of loans, 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.

Solar Panel Installation Company

A final consideration when trying to evaluate the cost of solar for your home or business in New Carlisle is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that offer a range of services at different costs.The company’s size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.

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 $7,366 16.7 years
8 kW $3.48 $19,478 $10,203 16.4 years
10 kW $3.41 $23,870 $13,231 16.1 years
12 kW $3.34 $28,071 $16,451 15.8 years
14 kW $3.27 $32,081 $19,861 15.4 years
16 kW $3.21 $35,900 $23,462 15.1 years
18 kW $3.14 $39,529 $27,254 14.8 years
20 kW $3.07 $42,966 $31,237 14.5 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:

  • Contract: When looking over your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
  • Warranty: If you care about the longevity of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Solar 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.

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 New Carlisle, OH Solar Cost FAQs

What is the average cost of installing solar panels in New Carlisle?

The average cost of solar panels in New Carlisle 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important consideration 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?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout New Carlisle, 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 often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.

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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