Solar Panel Cost Guide in Van Wert, OH (2024 Update)
- Van Wert Solar Installation Cost: $18,089
- 25-Year Savings: $17,839
- Payback Period: 14.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated February 03, 2024
Why you can trust EcoWatch
Average Cost of Solar Panels in Van Wert
See how much it might cost to go solar in Van Wert.
Although the national average of solar panels is $2.66 per watt, solar panels in Van Wert generally cost about 3.Using this figure, a typical 7.6-kW system would cost about $18,089 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy consumption and what installation company you go with.With average savings of about $16,000 on energy bills over 20 years, many homeowners in Van Wert find going solar can pay off big.
You can click the button below to get connected with a pre-vetted solar installer in Van Wert for a quote for your home.
Solar savings over time in Van Wert
Year | Return on Investment |
---|---|
1 years | $-16,757 |
3 years | $-14,093 |
5 years | $-11,429 |
7 years | $-8,765 |
9 years | $-6,101 |
11 years | $-3,437 |
13 years | $-773 |
15 years | $1,891 |
17 years | $4,555 |
19 years | $7,219 |
21 years | $9,883 |
23 years | $12,547 |
25 years | $15,211 |
Top Solar Installers in Van Wert
Putting up solar panels yourself can be a stressful undertaking, which is why getting a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you take advantage of incentives in Van Wert, thereby optimizing your ROI.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Van Wert
Factors that Affect Solar Panel Costs in Van Wert
Even though the average cost of a solar system in Van Wert is $18,089, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,410. The kind of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Van Wert, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you choose will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $9,981 | 15.0 years |
8 kW | $3.48 | $19,478 | $13,690 | 14.7 years |
10 kW | $3.41 | $23,870 | $17,590 | 14.4 years |
12 kW | $3.34 | $28,071 | $21,681 | 14.1 years |
14 kW | $3.27 | $32,081 | $25,962 | 13.8 years |
16 kW | $3.21 | $35,900 | $30,435 | 13.5 years |
18 kW | $3.14 | $39,529 | $35,099 | 13.2 years |
20 kW | $3.07 | $42,966 | $39,953 | 13.0 years |
How to Save on Solar Panels
There are a large number of companies available in Van Wert, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, project timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: When making the switch to solar power, it’s crucial to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project completion timeline.
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 Van Wert, OH Solar Cost FAQs
What is the average cost of installing solar panels in Van Wert?
The average cost of solar panels in Van Wert 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 things like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.