Solar Panel Cost Guide in Middlesborough, KY (Mar 2023)
- Middlesborough Solar Installation Cost: $15,758
- 25-Year Savings: $22,677
- Payback Period: 10.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Middlesborough
Let's have a look at the average cost of solar in Middlesborough.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Middlesborough, the average cost of a solar system is 2.34 per watt. To cover the typical energy needs of the average home in Middlesborough, most homeowners require a 9.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,758, or $22,534 before the federal solar tax credit of 30% is applied.
The true price you pay can be above or below the average in Middlesborough based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. Even with the large upfront cost, the average Middlesborough homeowner can save about $15,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Middlesborough for a quote for your home.
Solar savings over time in Middlesborough
| Year | Return on Investment |
|---|---|
| 1 years | $-14,220 |
| 3 years | $-11,145 |
| 5 years | $-8,071 |
| 7 years | $-4,996 |
| 9 years | $-1,921 |
| 11 years | $1,154 |
| 13 years | $4,228 |
| 15 years | $7,303 |
| 17 years | $10,378 |
| 19 years | $13,453 |
| 21 years | $16,527 |
| 23 years | $19,602 |
| 25 years | $22,677 |
Top Solar Installers in Middlesborough
Putting up solar panels on your own can be a difficult project, which is why using a solar installer is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our suggestions for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Middlesborough
Factors that Affect Solar Panel Costs in Middlesborough
The cost of installing a solar system in Middlesborough can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Middlesborough to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Middlesborough, you'll have plenty of options to choose from, but each comes at various price points for labor and 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 at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you want and also fits 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 | $2.43 | $10,221 | $13,761 | 10.7 years |
| 8 kW | $2.39 | $13,366 | $18,610 | 10.4 years |
| 10 kW | $2.34 | $16,380 | $23,590 | 10.2 years |
| 12 kW | $2.29 | $19,263 | $28,702 | 10.0 years |
| 14 kW | $2.25 | $22,015 | $33,944 | 9.8 years |
| 16 kW | $2.20 | $24,636 | $39,317 | 9.6 years |
| 18 kW | $2.15 | $27,125 | $44,822 | 9.4 years |
| 20 kW | $2.11 | $29,484 | $50,457 | 9.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make 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 kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Middlesborough, KY Solar Cost FAQs
What is the average cost of installing solar panels in Middlesborough?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $11,700 for a 5-kW system and $23,400 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Middlesborough?
You can't get solar panels for free in Middlesborough. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How will having solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Middlesborough is currently $88,900, so you can look forward to a value of about $3,645 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Middlesborough is a rewarding investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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 install 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.