Solar Panel Cost Guide in Ballville, OH (Mar 2023)
- Ballville Solar Installation Cost: $13,512
- 25-Year Savings: $15,064
- Payback Period: 11.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ballville
Find out what the average cost of solar panels are in Ballville.
The average cost of solar panels in Ballville is 2.56 per watt. To account for the typical energy usage of the average home in Ballville, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,512, or $19,322 before the federal solar tax credit of 30% is applied.
These figures are just averages, and your own solar costs will most likely differ based on factors unique to your home and what company you choose to go with. For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Ballville see about $14,000 in savings on energy bills over 20 years.
To get a free quote from a highly rated solar installation company in Ballville, you can click the button below.
Solar savings over time in Ballville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,369 |
| 3 years | $-10,083 |
| 5 years | $-7,797 |
| 7 years | $-5,510 |
| 9 years | $-3,224 |
| 11 years | $-938 |
| 13 years | $1,348 |
| 15 years | $3,634 |
| 17 years | $5,920 |
| 19 years | $8,206 |
| 21 years | $10,492 |
| 23 years | $12,778 |
| 25 years | $15,064 |
Top Solar Installers in Ballville
When going solar, many homeowners decide to hire a solar installer since installing solar panels yourself can be a challenging project. The payback period on a solar system will vary depending on factors like your roof configuration and energy use, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Ballville
Factors that Affect Solar Panel Costs in Ballville
For many Ballville homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Ballville, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,560. The kind of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Ballville, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. It's wise 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $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
Since the model of solar panels and the company you choose greatly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: The kind of solar panel you'd like plays a role in which installer you should go with, since different companies have different panels.
- 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.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
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 Ballville, OH Solar Cost FAQs
How much does it cost to install solar panels in Ballville?
This is a hard question to answer exactly, 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 be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Ballville?
You can't get solar panels for free in Ballville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Ballville, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Ballville?
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 their energy production will have decreased significantly after that point. You can decide to replace them after having 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.