Solar Panel Cost Guide in Paulding, OH (2024 Update)
- Paulding Solar Installation Cost: $18,161
- 25-Year Savings: $16,015
- Payback Period: 15.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Paulding
Find out what the average cost of installing solar panels is in Paulding.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Paulding, the average cost of a solar system is 3 per watt.The average solar panel system size in Paulding is around 7.6 kilowatts, meaning a cost of about $18,161 for a solar installation, or $25,970 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 Paulding 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.Many homeowners find going solar is a solid investment. The average homeowner in Paulding can save about $15,000 on their power bills over 20 years.
To receive a free estimate from a highly rated solar installer in Paulding, you can click the button below.
Solar savings over time in Paulding
| Year | Return on Investment |
|---|---|
| 1 years | $-16,829 |
| 3 years | $-14,165 |
| 5 years | $-11,501 |
| 7 years | $-8,837 |
| 9 years | $-6,173 |
| 11 years | $-3,509 |
| 13 years | $-845 |
| 15 years | $1,819 |
| 17 years | $4,483 |
| 19 years | $7,147 |
| 21 years | $9,812 |
| 23 years | $12,476 |
| 25 years | $15,140 |
Top Solar Installers in Paulding
Putting up solar panels on your own can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. The payback period of solar panels will vary based on factors like your roof configuration and energy use, but working with a solar installer can shorten that period. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar installer in Paulding, we've put together a list of our top suggestions here:
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 Paulding
Factors that Affect Solar Panel Costs in Paulding
The cost of installing a solar system in Paulding 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 equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, 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
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Paulding, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your total costs, so it’s important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Paulding, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Companies that 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 choose a company that has the products, warranties and services you want and also fit into 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 | $8,487 | 15.9 years |
| 8 kW | $3.48 | $19,478 | $11,697 | 15.6 years |
| 10 kW | $3.41 | $23,870 | $15,099 | 15.3 years |
| 12 kW | $3.34 | $28,071 | $18,692 | 15.0 years |
| 14 kW | $3.27 | $32,081 | $22,475 | 14.7 years |
| 16 kW | $3.21 | $35,900 | $26,450 | 14.4 years |
| 18 kW | $3.14 | $39,529 | $30,616 | 14.1 years |
| 20 kW | $3.07 | $42,966 | $34,972 | 13.8 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
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 Paulding, OH Solar Cost FAQs
How much does it cost to install solar panels in Paulding?
This is a difficult question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Paulding?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How much can I save on electricity 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 $779.38 per year.
How long do solar panels last in Paulding?
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 the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having 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.