Solar Panel Cost Guide in Piqua, OH (2024 Update)
- Piqua Solar Installation Cost: $17,901
- 25-Year Savings: $7,556
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Piqua
Let’s have a look at the average cost of solar in Piqua.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Piqua, the average cost of a solar system is 3 per watt.The average solar panel system size in Piqua is around 7.5 kilowatts, meaning a cost of about $17,901 for a solar installation, or $25,598 before the 0 federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Piqua based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.With average savings of about $15,000 on energy bills over 20 years, many homeowners in Piqua find investing in solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Piqua that can help you get a more accurate cost estimate for your home.
Solar savings over time in Piqua
| Year | Return on Investment |
|---|---|
| 1 years | $-16,883 |
| 3 years | $-14,846 |
| 5 years | $-12,809 |
| 7 years | $-10,773 |
| 9 years | $-8,736 |
| 11 years | $-6,700 |
| 13 years | $-4,663 |
| 15 years | $-2,627 |
| 17 years | $-590 |
| 19 years | $1,447 |
| 21 years | $3,483 |
| 23 years | $5,520 |
| 25 years | $7,556 |
Top Solar Installers in Piqua
Putting up solar panels on your own can be a dangerous project, which is why using a solar installer is a good option for many homeowners. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
If you're on the hunt for a solar installer in Piqua, we've organized 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 Piqua
Factors that Affect Solar Panel Costs in Piqua
For many Piqua homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Piqua, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Piqua, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $3,410 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof 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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Piqua offer solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your all-in costs, so it’s important to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Piqua, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $8,749 | 15.7 years |
| 8 kW | $3.48 | $19,478 | $12,047 | 15.4 years |
| 10 kW | $3.41 | $23,870 | $15,537 | 15.1 years |
| 12 kW | $3.34 | $28,071 | $19,217 | 14.8 years |
| 14 kW | $3.27 | $32,081 | $23,088 | 14.5 years |
| 16 kW | $3.21 | $35,900 | $27,150 | 14.2 years |
| 18 kW | $3.14 | $39,529 | $31,403 | 13.9 years |
| 20 kW | $3.07 | $42,966 | $35,847 | 13.6 years |
How to Save on Solar Panels
There are a lot of companies available in Piqua, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you need to get plays a part in which company you should choose, since different companies provide different panels.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Before you sign a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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 Piqua, OH Solar Cost FAQs
What is the average cost of installing solar panels in Piqua?
This is a difficult question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $788.13 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.