Solar Panel Cost Guide in Scioto, OH (2024 Update)
- Scioto Solar Installation Cost: $17,738
- 25-Year Savings: $26,084
- Payback Period: 11.3 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Scioto
Let’s have a look at the average cost of solar in Scioto.
The national average cost of solar panels is $2.66 per watt, but in Scioto it’s 3 per watt.To account for the typical energy needs of the average home in Scioto, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs around $17,738, or $25,365 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Scioto homeowner. 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.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $20,000 in savings on electricity bills over 20 years.
To get a free estimate from a highly rated solar installation company in Scioto, you can click the button below.
Solar savings over time in Scioto
Year | Return on Investment |
---|---|
1 years | $-16,015 |
3 years | $-12,568 |
5 years | $-9,121 |
7 years | $-5,675 |
9 years | $-2,228 |
11 years | $1,219 |
13 years | $4,666 |
15 years | $8,113 |
17 years | $11,560 |
19 years | $15,006 |
21 years | $18,453 |
23 years | $21,900 |
25 years | $25,347 |
Top Solar Installers in Scioto
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be challenging. Another good thing about using a vetted solar installer is that it'll usually provide warranties and free repairs, which help protect your investment.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Scioto:
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 Scioto
Factors that Affect Solar Panel Costs in Scioto
For many Scioto homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Scioto, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects 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 typical energy use.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Scioto, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Scioto, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can affect the cost. Scioto’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Scioto have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $16,917 | 11.7 years |
8 kW | $3.48 | $19,478 | $22,939 | 11.5 years |
10 kW | $3.41 | $23,870 | $29,151 | 11.3 years |
12 kW | $3.34 | $28,071 | $35,554 | 11.0 years |
14 kW | $3.27 | $32,081 | $42,147 | 10.8 years |
16 kW | $3.21 | $35,900 | $48,932 | 10.6 years |
18 kW | $3.14 | $39,529 | $55,908 | 10.4 years |
20 kW | $3.07 | $42,966 | $63,075 | 10.1 years |
How to Save on Solar Panels
The solar company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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 Scioto, OH Solar Cost FAQs
How much does it cost to install solar panels in Scioto?
This is a tough question to answer exactly, 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 usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Scioto?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Scioto?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.
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 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.