Solar Panel Cost Guide in Archbold, OH (2023 Update)
- Archbold Solar Installation Cost: $13,695
- 25-Year Savings: $18,910
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Archbold
Here's how much it might cost to switch to solar power in Archbold.
The average cost of a solar panel system in Archbold is 2.56 per watt. The average solar panel system size in Archbold is around 7.6 kilowatts, meaning a cost of about $13,691 for a solar installation, or $19,578 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find installing solar panels is a sound investment. The average homeowner in Archbold can save about $16,000 on their power bills over 20 years.
To receive a free estimate from a vetted solar installer in Archbold, you can click the button below.
Solar savings over time in Archbold
| Year | Return on Investment |
|---|---|
| 1 years | $-13,587 |
| 3 years | $-13,369 |
| 5 years | $-13,152 |
| 7 years | $-12,935 |
| 9 years | $-12,717 |
| 11 years | $-12,500 |
| 13 years | $-12,283 |
| 15 years | $-12,065 |
| 17 years | $-11,848 |
| 19 years | $-11,631 |
| 21 years | $-11,413 |
| 23 years | $-11,196 |
| 25 years | $-10,978 |
Top Solar Installers in Archbold
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using a solar company can make switching to solar power much easier. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
If you'd like to go solar but still aren't certain which solar 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
See all of the solar companies in Archbold
Factors that Affect Solar Panel Costs in Archbold
The cost of installing a solar system in Archbold can vary by more than $10,000 from home to home. Your actual cost is dependent on 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
When it comes to estimating the cost of a solar system in Archbold, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Archbold homeowners choose to finance their solar panel systems to make going solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose will impact your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. The company's size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $14,415 | 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 company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- 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.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Archbold, OH Solar Cost FAQs
What is the average cost of installing solar panels in Archbold?
This is a difficult question to answer exactly, 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. It will cost more if you want additional 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 opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is going solar worth it?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.