Solar Panel Cost Guide in Allen, OH (Mar 2023)
- Allen Solar Installation Cost: $13,619
- 25-Year Savings: $14,512
- Payback Period: 12.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Allen
Here's how much it might cost to make the switch to solar in Allen.
Although the national average of solar panels is $2.66 per watt, solar panels in Allen typically cost about 2.56. The average solar panel system size in Allen is around 7.6 kilowatts, meaning a cost of about $13,619 for a solar installation, or $19,475 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of equipment you want to get, your solar contractor and more. Even with the large upfront cost, the average Allen homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in Allen for a quote for your home.
Solar savings over time in Allen
| Year | Return on Investment |
|---|---|
| 1 years | $-12,494 |
| 3 years | $-10,243 |
| 5 years | $-7,993 |
| 7 years | $-5,743 |
| 9 years | $-3,492 |
| 11 years | $-1,242 |
| 13 years | $1,009 |
| 15 years | $3,259 |
| 17 years | $5,510 |
| 19 years | $7,760 |
| 21 years | $10,011 |
| 23 years | $12,261 |
| 25 years | $14,512 |
Top Solar Installers in Allen
Trying to install solar panels on your own can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to go solar but still aren't certain which solar panel installer 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 Allen
Factors that Affect Solar Panel Costs in Allen
For many Allen homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Allen, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,560. There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Allen offer solar loans, which reduce the initial cost of installing solar panels. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Allen, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 | $11,035 | 12.6 years |
| 8 kW | $2.61 | $14,623 | $15,000 | 12.3 years |
| 10 kW | $2.56 | $17,920 | $19,109 | 12.1 years |
| 12 kW | $2.51 | $21,074 | $23,360 | 11.9 years |
| 14 kW | $2.46 | $24,084 | $27,756 | 11.6 years |
| 16 kW | $2.41 | $26,952 | $32,294 | 11.4 years |
| 18 kW | $2.36 | $29,676 | $36,976 | 11.1 years |
| 20 kW | $2.30 | $32,256 | $41,801 | 10.9 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Contract: Although reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer 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 Allen, OH Solar Cost FAQs
How much does it cost to install solar panels in Allen?
This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $740.57 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.