Solar Panel Cost Guide in Archbold, OH (2023 Update)
- Archbold Solar Installation Cost: $13,691
- 25-Year Savings: $18,914
- Payback Period: 10.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Archbold
Let's take a look at the average cost of solar in Archbold.
In Archbold, solar panels cost about 2.56 per watt on average. The average Archbold homeowner needs a 7.6-kilowatt system, which would cost about $13,691 with the federal tax credit, or $19,578 before the 30% tax credit is applied.
The true price you pay can go higher or lower than the average in Archbold based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Archbold see about $16,000 in savings on energy bills over 20 years.
To get a free quote from a top solar company in Archbold, you can click the button below.
Solar savings over time in Archbold
| Year | Return on Investment |
|---|---|
| 1 years | $-12,387 |
| 3 years | $-9,778 |
| 5 years | $-7,170 |
| 7 years | $-4,561 |
| 9 years | $-1,953 |
| 11 years | $655 |
| 13 years | $3,264 |
| 15 years | $5,872 |
| 17 years | $8,481 |
| 19 years | $11,089 |
| 21 years | $13,697 |
| 23 years | $16,306 |
| 25 years | $18,914 |
Top Solar Installers in Archbold
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be hard. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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 Archbold
Factors that Affect Solar Panel Costs in Archbold
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Archbold: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher 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. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Archbold homeowners choose to finance their solar panel systems to offset upfront costs. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $14,415 | 10.9 years |
| 8 kW | $2.61 | $14,623 | $19,507 | 10.7 years |
| 10 kW | $2.56 | $17,920 | $24,742 | 10.5 years |
| 12 kW | $2.51 | $21,074 | $30,121 | 10.3 years |
| 14 kW | $2.46 | $24,084 | $35,643 | 10.1 years |
| 16 kW | $2.41 | $26,952 | $41,308 | 9.9 years |
| 18 kW | $2.36 | $29,676 | $47,117 | 9.7 years |
| 20 kW | $2.30 | $32,256 | $53,069 | 9.5 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Archbold, OH Solar Cost FAQs
What is the average cost of installing solar panels in Archbold?
This is a hard question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Archbold?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.