Solar Panel Cost Guide in Columbus, MI (2024 Update)
- Columbus Solar Installation Cost: $16,921
- 25-Year Savings: $13,409
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in Columbus
Here’s how much it might cost to install solar panels in Columbus.
The national average cost of solar panels is $2.66 per watt, but in Columbus it’s 4 per watt.The average Columbus homeowner needs a 6.0-kilowatt system, which would cost about $16,921 with the federal tax credit, or $24,197 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Columbus homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $16,000 in savings on utility bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Columbus
Year | Return on Investment |
---|---|
1 years | $-15,529 |
3 years | $-12,744 |
5 years | $-9,959 |
7 years | $-7,175 |
9 years | $-4,390 |
11 years | $-1,605 |
13 years | $1,179 |
15 years | $3,964 |
17 years | $6,749 |
19 years | $9,533 |
21 years | $12,318 |
23 years | $15,103 |
25 years | $17,887 |
Top Solar Installers in Columbus
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make switching to solar power much easier. Solar warranties and repairs are often included in the cost of installation when you go with a solar company too, which can save you more money after your initial investment.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Columbus
Factors that Affect Solar Panel Costs in Columbus
While the average cost of a solar system in Columbus is $16,921, your final cost may differ. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require 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 $4,060.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Columbus, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Columbus offer solar loans, which reduce the initial cost of installing a solar system.You’ll have to consider the long-term cost of loans, including the amount of 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 more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Columbus, and each can charge different amounts for labor and equipment.Additionally, some companies in Columbus know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $4.22 | $17,734 | $7,580 | 17.5 years |
8 kW | $4.14 | $23,191 | $10,562 | 17.2 years |
10 kW | $4.06 | $28,420 | $13,770 | 16.8 years |
12 kW | $3.98 | $33,422 | $17,206 | 16.5 years |
14 kW | $3.90 | $38,196 | $20,870 | 16.2 years |
16 kW | $3.82 | $42,744 | $24,761 | 15.8 years |
18 kW | $3.74 | $47,064 | $28,879 | 15.5 years |
20 kW | $3.65 | $51,156 | $33,225 | 15.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project timeline.
- 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 brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one mark of a good company.
EcoWatch's Columbus, MI Solar Cost FAQs
What is the average cost of installing solar panels in Columbus?
The average cost of solar panels in Columbus is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Columbus?
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 bang for your buck from going solar.
Can you sell solar power back to the grid in Columbus?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.