Solar Panel Cost Guide in Ashville, OH (2023 Update)
- Ashville Solar Installation Cost: $13,432
- 25-Year Savings: $21,187
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ashville
Let's have a look at the average cost of solar in Ashville.
While the national average of solar panels is $2.66 per watt, solar panels in Ashville generally cost around 2.56. Since a 7.5-kW system is needed to cover the energy needs of a typical home in Ashville, the average price of going solar will be about $13,440 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and how much solar costs for you will look different based on factors unique to your home and what company you go with. Even with the high initial cost, the average Ashville homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a highly rated solar installer in Ashville, you can click the button below.
Solar savings over time in Ashville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,099 |
| 3 years | $-9,435 |
| 5 years | $-6,771 |
| 7 years | $-4,107 |
| 9 years | $-1,442 |
| 11 years | $1,222 |
| 13 years | $3,886 |
| 15 years | $6,550 |
| 17 years | $9,215 |
| 19 years | $11,879 |
| 21 years | $14,543 |
| 23 years | $17,207 |
| 25 years | $19,872 |
Top Solar Installers in Ashville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of an installer can make swapping over to solar power much easier. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Ashville
Factors that Affect Solar Panel Costs in Ashville
Even though the average cost of a solar system in Ashville is $13,440, your final cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,560. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Ashville provide solar loans, which reduce the initial cost of installing solar. 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 on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car 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 | $16,530 | 10.1 years |
| 8 kW | $2.61 | $14,623 | $22,327 | 9.9 years |
| 10 kW | $2.56 | $17,920 | $28,267 | 9.7 years |
| 12 kW | $2.51 | $21,074 | $34,350 | 9.5 years |
| 14 kW | $2.46 | $24,084 | $40,577 | 9.3 years |
| 16 kW | $2.41 | $26,952 | $46,947 | 9.1 years |
| 18 kW | $2.36 | $29,676 | $53,461 | 8.9 years |
| 20 kW | $2.30 | $32,256 | $60,117 | 8.7 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose greatly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project timeline.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Ashville, OH Solar Cost FAQs
How much does it cost to install solar panels in Ashville?
This is a difficult 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 additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ashville is currently $170,400, which means you can look forward to a value of about $6,986 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Ashville is a rewarding investment.
How many solar panels should I get to power 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 household 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.