Solar Panel Cost Guide in Ballville, OH (2023 Update)
- Ballville Solar Installation Cost: $13,503
- 25-Year Savings: $15,072
- Payback Period: 11.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ballville
Find out what the average cost of solar panels are in Ballville.
In Ballville, solar panels cost about 2.56 per watt on average. Using this figure, a typical 7.5-kW system would cost about $13,512 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $14,000 over 20 years on power bills.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Ballville
| Year | Return on Investment |
|---|---|
| 1 years | $-13,408 |
| 3 years | $-13,218 |
| 5 years | $-13,027 |
| 7 years | $-12,837 |
| 9 years | $-12,646 |
| 11 years | $-12,456 |
| 13 years | $-12,265 |
| 15 years | $-12,075 |
| 17 years | $-11,884 |
| 19 years | $-11,694 |
| 21 years | $-11,503 |
| 23 years | $-11,313 |
| 25 years | $-11,122 |
Top Solar Installers in Ballville
When switching to solar energy, many homeowners opt to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Some solar installers, particularly local ones, can help you better understand incentives in Ballville, optimizing your ROI.
Working with a vetted solar company 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
See all of the solar companies in Ballville
Factors that Affect Solar Panel Costs in Ballville
There are a number of criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Ballville. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Ballville, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. Even though solar loans make going solar more accessible for Ballville homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you choose will affect your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Ballville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $11,571 | 12.3 years |
| 8 kW | $2.61 | $14,623 | $15,715 | 12.1 years |
| 10 kW | $2.56 | $17,920 | $20,002 | 11.8 years |
| 12 kW | $2.51 | $21,074 | $24,432 | 11.6 years |
| 14 kW | $2.46 | $24,084 | $29,006 | 11.3 years |
| 16 kW | $2.41 | $26,952 | $33,723 | 11.1 years |
| 18 kW | $2.36 | $29,676 | $38,584 | 10.9 years |
| 20 kW | $2.30 | $32,256 | $43,588 | 10.6 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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 big role in the company you hire.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be 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 Ballville, OH Solar Cost FAQs
What is the average cost of installing solar panels in Ballville?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly 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 usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider 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 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 installing solar panels impact my home value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Even 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 how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.