Solar Panel Cost Guide in Blacklick Estates, OH (2023 Update)
- Blacklick Estates Solar Installation Cost: $13,530
- 25-Year Savings: $19,853
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Blacklick Estates
Find out what the average cost of solar panels are in Blacklick Estates.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Blacklick Estates, the typical cost of solar panels is 2.56 per watt. Using this figure, a typical 7.5-kW system would cost about $13,530 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Blacklick Estates homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. 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 $17,000 over 20 years on utility bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Blacklick Estates
| Year | Return on Investment |
|---|---|
| 1 years | $-12,194 |
| 3 years | $-9,524 |
| 5 years | $-6,853 |
| 7 years | $-4,182 |
| 9 years | $-1,512 |
| 11 years | $1,159 |
| 13 years | $3,829 |
| 15 years | $6,500 |
| 17 years | $9,171 |
| 19 years | $11,841 |
| 21 years | $14,512 |
| 23 years | $17,183 |
| 25 years | $19,853 |
Top Solar Installers in Blacklick Estates
Trying to put up solar panels on your own can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for you.
If you'd like to start using solar energy but still aren't sure which solar company to go with, here are our suggestions for providers in Blacklick Estates:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Blacklick Estates
Factors that Affect Solar Panel Costs in Blacklick Estates
Though the average cost of a solar system in Blacklick Estates is $13,530, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar panel system in Blacklick Estates, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider 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 into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Blacklick Estates to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. Though solar loans make going solar more accessible for Blacklick Estates homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Blacklick Estates, and each can charge varying amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up 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 | $15,359 | 10.5 years |
| 8 kW | $2.61 | $14,623 | $20,765 | 10.3 years |
| 10 kW | $2.56 | $17,920 | $26,314 | 10.1 years |
| 12 kW | $2.51 | $21,074 | $32,007 | 9.9 years |
| 14 kW | $2.46 | $24,084 | $37,844 | 9.7 years |
| 16 kW | $2.41 | $26,952 | $43,823 | 9.5 years |
| 18 kW | $2.36 | $29,676 | $49,946 | 9.3 years |
| 20 kW | $2.30 | $32,256 | $56,213 | 9.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Blacklick Estates, OH Solar Cost FAQs
What is the average cost of installing solar panels in Blacklick Estates?
The average cost of solar panels in Blacklick Estates is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Blacklick Estates?
Solar panels aren't free in Blacklick Estates, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Blacklick Estates have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce 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.