Solar Panel Cost Guide in Wapakoneta, OH (2024 Update)
- Wapakoneta Solar Installation Cost: $18,045
- 25-Year Savings: $18,264
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Wapakoneta
See how much it might cost to switch to solar power in Wapakoneta.
Although the national average of solar panels is $2.66 per watt, solar panels in Wapakoneta typically cost around 3.The average solar panel system size in Wapakoneta is around 7.6 kilowatts, meaning a cost of about $18,045 for a solar installation, or $25,804 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Wapakoneta based on several factors, such as the kind of solar panels you choose and the solar installer you hire.Even with the high initial cost, the average Wapakoneta homeowner can save about $16,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Wapakoneta
| Year | Return on Investment |
|---|---|
| 1 years | $-17,027 |
| 3 years | $-14,990 |
| 5 years | $-12,954 |
| 7 years | $-10,917 |
| 9 years | $-8,880 |
| 11 years | $-6,844 |
| 13 years | $-4,807 |
| 15 years | $-2,771 |
| 17 years | $-734 |
| 19 years | $1,303 |
| 21 years | $3,339 |
| 23 years | $5,376 |
| 25 years | $7,412 |
Top Solar Installers in Wapakoneta
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Solar warranties and repairs are ordinarily included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money over time.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Wapakoneta:
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 Wapakoneta
Factors that Affect Solar Panel Costs in Wapakoneta
The cost of installing a solar system in Wapakoneta can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Wapakoneta average.
Solar Financing Terms
Many homeowners find the average cost of solar in Wapakoneta to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time because of interest.It’s wise to include 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 off the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can impact the cost. Wapakoneta’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for and also is within your budget.
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 | $10,353 | 14.7 years |
| 8 kW | $3.48 | $19,478 | $14,186 | 14.5 years |
| 10 kW | $3.41 | $23,870 | $18,210 | 14.2 years |
| 12 kW | $3.34 | $28,071 | $22,424 | 13.9 years |
| 14 kW | $3.27 | $32,081 | $26,830 | 13.6 years |
| 16 kW | $3.21 | $35,900 | $31,427 | 13.3 years |
| 18 kW | $3.14 | $39,529 | $36,215 | 13.0 years |
| 20 kW | $3.07 | $42,966 | $41,193 | 12.8 years |
How to Save on Solar Panels
The solar installer you choose will influence 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 several important things you should consider, including:
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
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 Wapakoneta, OH Solar Cost FAQs
What is the average cost of installing solar panels in Wapakoneta?
This is a tough question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wapakoneta is currently $205,050, which means you can look forward to a value of about $8,407 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wapakoneta is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 buy 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.