Solar Panel Cost Guide in Rittman, OH (2024 Update)
- Rittman Solar Installation Cost: $18,294
- 25-Year Savings: $16,071
- Payback Period: 15.3 Years
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Average Cost of Solar Panels in Rittman
Find out what the average cost of solar panels are in Rittman.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rittman, the average cost of a solar system is 3 per watt.The average Rittman homeowner needs a 7.7-kilowatt system, which would cost about $18,294 with the federal tax credit, or $26,160 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what company you go with.But, once you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $15,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar company in Rittman that can help you get a more accurate cost estimate for your home.
Solar savings over time in Rittman
| Year | Return on Investment |
|---|---|
| 1 years | $-17,074 |
| 3 years | $-14,633 |
| 5 years | $-12,193 |
| 7 years | $-9,752 |
| 9 years | $-7,312 |
| 11 years | $-4,871 |
| 13 years | $-2,431 |
| 15 years | $10 |
| 17 years | $2,450 |
| 19 years | $4,891 |
| 21 years | $7,331 |
| 23 years | $9,771 |
| 25 years | $12,212 |
Top Solar Installers in Rittman
Putting up solar panels by yourself can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar company as well, which can save you more money over time.
There are several licensed solar professionals that can take care of your solar installation project. 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 Rittman
Factors that Affect Solar Panel Costs in Rittman
For many Rittman homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Rittman, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Rittman, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by about $3,410 for each additional kilowatt you need.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Rittman average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Rittman homeowners choose to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The remaining key cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Rittman, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $8,439 | 16.0 years |
| 8 kW | $3.48 | $19,478 | $11,634 | 15.7 years |
| 10 kW | $3.41 | $23,870 | $15,020 | 15.3 years |
| 12 kW | $3.34 | $28,071 | $18,597 | 15.0 years |
| 14 kW | $3.27 | $32,081 | $22,364 | 14.7 years |
| 16 kW | $3.21 | $35,900 | $26,323 | 14.4 years |
| 18 kW | $3.14 | $39,529 | $30,473 | 14.1 years |
| 20 kW | $3.07 | $42,966 | $34,813 | 13.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly affects 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:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the completion timeline.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The brand of solar panel you’d like to get plays a part in which company you should go with, since different companies offer different panels.
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 Rittman, OH Solar Cost FAQs
What is the average cost of installing solar panels in Rittman?
The average cost of solar panels in Rittman 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Rittman?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside 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 option if you want to get the most savings.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Rittman, 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 check with 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 decreases 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.