Solar Panel Cost Guide in Norwich, OH (2024 Update)
- Norwich Solar Installation Cost: $18,014
- 25-Year Savings: $17,081
- Payback Period: 14.7 Years
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Average Cost of Solar Panels in Norwich
Find out how much it might cost to install solar panels in Norwich.
Although the national average of solar panels is $2.66 per watt, solar panels in Norwich generally cost about 3.The average Norwich homeowner needs a 7.5-kilowatt system, which would cost about $18,014 with the federal tax credit, or $25,760 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy use, the type of equipment you want, your solar contractor and more.Despite the high upfront cost, the average Norwich homeowner can save about $15,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar company in Norwich for a personalized estimate.
Solar savings over time in Norwich
| Year | Return on Investment |
|---|---|
| 1 years | $-16,788 |
| 3 years | $-14,336 |
| 5 years | $-11,885 |
| 7 years | $-9,433 |
| 9 years | $-6,981 |
| 11 years | $-4,529 |
| 13 years | $-2,078 |
| 15 years | $374 |
| 17 years | $2,826 |
| 19 years | $5,278 |
| 21 years | $7,730 |
| 23 years | $10,181 |
| 25 years | $12,633 |
Top Solar Installers in Norwich
Trying to install solar panels on your own can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you choose which one will be best for your home.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Norwich:
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 Norwich
Factors that Affect Solar Panel Costs in Norwich
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Norwich: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Norwich to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.Even though solar loans make adopting solar energy more accessible for Norwich homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Norwich, you’ll have plenty of options to choose from, but each comes at varying price points 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 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 | $9,437 | 15.3 years |
| 8 kW | $3.48 | $19,478 | $12,965 | 15.0 years |
| 10 kW | $3.41 | $23,870 | $16,683 | 14.7 years |
| 12 kW | $3.34 | $28,071 | $20,593 | 14.4 years |
| 14 kW | $3.27 | $32,081 | $24,693 | 14.1 years |
| 16 kW | $3.21 | $35,900 | $28,985 | 13.8 years |
| 18 kW | $3.14 | $39,529 | $33,467 | 13.5 years |
| 20 kW | $3.07 | $42,966 | $38,140 | 13.2 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, such as:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Read the contract terms closely to make sure you understand the overall cost, project completion timeline incentives and warranties.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
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 Norwich, OH Solar Cost FAQs
What is the average cost of installing solar panels in Norwich?
This is a difficult question to answer precisely, because the cost depends on a few different factors. Broadly 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 go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Norwich?
On average, the lifespan of solar panels is 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 larger amount 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.