Solar Panel Cost Guide in Alliance, OH (2023 Update)
- Alliance Solar Installation Cost: $13,996
- 25-Year Savings: $13,268
- Payback Period: 12.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Alliance
Find out how much it might cost to switch to solar power in Alliance.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Alliance, the average cost of solar panels is 2.56 per watt. The average Alliance homeowner needs a 7.8-kilowatt system, which would cost about $13,996 with the federal tax credit, or $20,014 before the 30% tax credit is applied.
These figures are only averages, and your own solar costs may look different based on your specific situation and what company you want to go with. With typical savings of about $13,000 on energy bills over 20 years, many homeowners in Alliance find going solar can be quite rewarding.
To get a free quote from a vetted solar company in Alliance, you can click the button below.
Solar savings over time in Alliance
| Year | Return on Investment |
|---|---|
| 1 years | $-12,905 |
| 3 years | $-10,724 |
| 5 years | $-8,543 |
| 7 years | $-6,362 |
| 9 years | $-4,181 |
| 11 years | $-2,000 |
| 13 years | $182 |
| 15 years | $2,363 |
| 17 years | $4,544 |
| 19 years | $6,725 |
| 21 years | $8,906 |
| 23 years | $11,087 |
| 25 years | $13,268 |
Top Solar Installers in Alliance
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar company in Alliance, we've compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Alliance
Factors that Affect Solar Panel Costs in Alliance
For many Alliance homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Alliance, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production 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 $2,560. The kind of solar panels and equipment you choose is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their larger 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 | $9,761 | 13.3 years |
| 8 kW | $2.61 | $14,623 | $13,301 | 13.1 years |
| 10 kW | $2.56 | $17,920 | $16,985 | 12.8 years |
| 12 kW | $2.51 | $21,074 | $20,812 | 12.6 years |
| 14 kW | $2.46 | $24,084 | $24,783 | 12.3 years |
| 16 kW | $2.41 | $26,952 | $28,896 | 12.1 years |
| 18 kW | $2.36 | $29,676 | $33,154 | 11.8 years |
| 20 kW | $2.30 | $32,256 | $37,554 | 11.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Alliance, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Solar Panel Brands: The type of solar panel you'd like to install plays a role in which company you should go with, since different companies have different panels.
- Warranty: If you're worried about the longevity of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Alliance, OH Solar Cost FAQs
How much does it cost to install solar panels in Alliance?
This is a hard question to answer precisely, because the cost depends on a few different 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 other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Alliance?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Alliance?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
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.