Solar Panel Cost Guide in Ada, OH (2024 Update)
- Ada Solar Installation Cost: $18,203
- 25-Year Savings: $19,512
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Ada
Find out what the average cost of installing solar panels is in Ada.
In Ada, solar panels cost about 3 per watt on average.Since a 7.6-kW system is needed to cover the energy usage of a typical home in Ada, the average price of going solar will be about $18,203 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Ada homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With typical savings of about $17,000 on power bills over 20 years, many homeowners in Ada find installing solar panels can be quite rewarding.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Ada
| Year | Return on Investment |
|---|---|
| 1 years | $-16,871 |
| 3 years | $-14,207 |
| 5 years | $-11,543 |
| 7 years | $-8,879 |
| 9 years | $-6,214 |
| 11 years | $-3,550 |
| 13 years | $-886 |
| 15 years | $1,778 |
| 17 years | $4,442 |
| 19 years | $7,106 |
| 21 years | $9,770 |
| 23 years | $12,434 |
| 25 years | $15,098 |
Top Solar Installers in Ada
Many homeowners choose to hire a solar installation company since trying to install solar panels on your own can be hard. Another great thing about choosing a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
If you’d like to switch to solar energy but still aren’t certain which solar installer to go with, here are our recommendations for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Ada
Factors that Affect Solar Panel Costs in Ada
The cost of installing a solar system in Ada can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need 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.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Ada, 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Ada homeowners opt to finance their solar panel systems to make paying for solar more affordable.Even though solar loans make adopting solar energy more accessible for Ada homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Ada have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $11,209 | 14.3 years |
| 8 kW | $3.48 | $19,478 | $15,328 | 14.0 years |
| 10 kW | $3.41 | $23,870 | $19,637 | 13.7 years |
| 12 kW | $3.34 | $28,071 | $24,137 | 13.4 years |
| 14 kW | $3.27 | $32,081 | $28,828 | 13.2 years |
| 16 kW | $3.21 | $35,900 | $33,711 | 12.9 years |
| 18 kW | $3.14 | $39,529 | $38,784 | 12.6 years |
| 20 kW | $3.07 | $42,966 | $44,048 | 12.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable 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.
- Contract: Before signing a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Ada, OH Solar Cost FAQs
How much does it cost to install solar panels in Ada?
This is a tough question to answer precisely, because the cost depends on many 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Ada?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.