Solar Panel Cost Guide in Ada, OH (2023 Update)
- Ada Solar Installation Cost: $13,665
- 25-Year Savings: $19,512
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ada
Here's how much it might cost to make the switch to solar in Ada.
The national average cost of solar panels is $2.66 per watt, but in Ada it's 2.56 per watt. To cover the typical energy usage of the average home in Ada, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,673, or $19,552 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Ada homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $17,000 on utility bills over 20 years, many homeowners in Ada find installing solar panels can be quite rewarding.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Ada
| Year | Return on Investment |
|---|---|
| 1 years | $-12,333 |
| 3 years | $-9,669 |
| 5 years | $-7,005 |
| 7 years | $-4,341 |
| 9 years | $-1,677 |
| 11 years | $987 |
| 13 years | $3,651 |
| 15 years | $6,315 |
| 17 years | $8,979 |
| 19 years | $11,643 |
| 21 years | $14,307 |
| 23 years | $16,971 |
| 25 years | $19,635 |
Top Solar Installers in Ada
Installing solar panels on your own can be a stressful project, which is why using a solar installation company is a good option for many homeowners. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.
If you'd like to start using solar energy but still aren't certain which solar panel company to go with, here are our suggestions for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 depends on several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,560 per kilowatt in Ada. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Ada to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. While solar loans make going solar more accessible for Ada homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Ada, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.66 | $11,182 | $14,922 | 10.7 years |
| 8 kW | $2.61 | $14,623 | $20,183 | 10.5 years |
| 10 kW | $2.56 | $17,920 | $25,587 | 10.3 years |
| 12 kW | $2.51 | $21,074 | $31,134 | 10.1 years |
| 14 kW | $2.46 | $24,084 | $36,825 | 9.9 years |
| 16 kW | $2.41 | $26,952 | $42,659 | 9.7 years |
| 18 kW | $2.36 | $29,676 | $48,637 | 9.5 years |
| 20 kW | $2.30 | $32,256 | $54,758 | 9.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose greatly impacts 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:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Contract: Before you sign a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Ada, OH Solar Cost FAQs
How much does it cost to install solar panels in Ada?
The average cost of solar panels in Ada is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Ada?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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.
Does Ada have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How long do solar panels last in Ada?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.