Solar Panel Cost Guide in Salisbury, OH (2024 Update)
- Salisbury Solar Installation Cost: $17,839
- 25-Year Savings: $19,086
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Salisbury
Find out how much it might cost to go solar in Salisbury.
While the national average of solar panels is $2.66 per watt, solar panels in Salisbury generally cost around 3.The average solar panel system size in Salisbury is around 7.5 kilowatts, meaning a cost of about $17,839 for a solar installation, or $25,510 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more.With average savings of about $17,000 on utility bills over 20 years, many homeowners in Salisbury find installing solar panels can be quite rewarding.
You can click the button below to get connected with a pre-vetted solar company in Salisbury that can help you get a more accurate cost estimate for your home.
Solar savings over time in Salisbury
| Year | Return on Investment |
|---|---|
| 1 years | $-16,507 |
| 3 years | $-13,843 |
| 5 years | $-11,179 |
| 7 years | $-8,515 |
| 9 years | $-5,851 |
| 11 years | $-3,187 |
| 13 years | $-523 |
| 15 years | $2,141 |
| 17 years | $4,805 |
| 19 years | $7,469 |
| 21 years | $10,133 |
| 23 years | $12,797 |
| 25 years | $15,461 |
Top Solar Installers in Salisbury
Although you can install solar panels yourself, it involves extra energy and handiness. That's one of the reasons the majority of homeowners choose a solar panel installer. Another benefit of working with a solar company is that they can help you make the most of your return of investment by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you're searching for a solar installer in Salisbury, 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 Salisbury
Factors that Affect Solar Panel Costs in Salisbury
There are many criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,410 per kilowatt in Salisbury.The type of solar equipment you choose can bring your price up or down 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. On the other hand, higher efficiency could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Salisbury average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Salisbury, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of financing options, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Salisbury, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have 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 | $11,180 | 14.3 years |
| 8 kW | $3.48 | $19,478 | $15,289 | 14.0 years |
| 10 kW | $3.41 | $23,870 | $19,588 | 13.7 years |
| 12 kW | $3.34 | $28,071 | $24,079 | 13.5 years |
| 14 kW | $3.27 | $32,081 | $28,760 | 13.2 years |
| 16 kW | $3.21 | $35,900 | $33,632 | 12.9 years |
| 18 kW | $3.14 | $39,529 | $38,696 | 12.6 years |
| 20 kW | $3.07 | $42,966 | $43,950 | 12.4 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Salisbury, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 Salisbury, OH Solar Cost FAQs
What is the average cost of installing solar panels in Salisbury?
This is a difficult question to answer exactly, 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. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Salisbury?
Leasing solar panels can be an attractive choice, as it commonly 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels significantly reduce my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Salisbury, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate 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 long do solar panels last in Salisbury?
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 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.