Solar Panel Cost Guide in Blanchester, OH (2023 Update)
- Blanchester Solar Installation Cost: $13,297
- 25-Year Savings: $10,036
- Payback Period: 14.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Blanchester
We go over average solar pricing in Blanchester.
The average cost of a solar system in Blanchester is 2.56 per watt. Because a 7.4-kW system is needed to cover the energy consumption of a typical home in Blanchester, the average price of going solar will be about $13,297 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Blanchester homeowner. 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. Even with the significant initial cost, the average Blanchester homeowner can save around $12,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a highly rated solar company in Blanchester for a personalized estimate.
Solar savings over time in Blanchester
| Year | Return on Investment |
|---|---|
| 1 years | $-12,363 |
| 3 years | $-10,497 |
| 5 years | $-8,630 |
| 7 years | $-6,764 |
| 9 years | $-4,897 |
| 11 years | $-3,030 |
| 13 years | $-1,164 |
| 15 years | $703 |
| 17 years | $2,569 |
| 19 years | $4,436 |
| 21 years | $6,303 |
| 23 years | $8,169 |
| 25 years | $10,036 |
Top Solar Installers in Blanchester
When switching to solar energy, many homeowners opt to use a solar installation company since installing a solar system yourself can be a challenging project. In addition, if you'd like to maximize your investment in solar energy, using a solar company can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
If you'd like to switch to solar energy but still aren't certain which solar system 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
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 Blanchester
Factors that Affect Solar Panel Costs in Blanchester
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Blanchester average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Blanchester homeowners opt to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Blanchester is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that offer a range of services at different price points. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $7,679 | 14.8 years |
| 8 kW | $2.61 | $14,623 | $10,526 | 14.5 years |
| 10 kW | $2.56 | $17,920 | $13,516 | 14.3 years |
| 12 kW | $2.51 | $21,074 | $16,649 | 14.0 years |
| 14 kW | $2.46 | $24,084 | $19,925 | 13.7 years |
| 16 kW | $2.41 | $26,952 | $23,345 | 13.4 years |
| 18 kW | $2.36 | $29,676 | $26,908 | 13.1 years |
| 20 kW | $2.30 | $32,256 | $30,615 | 12.8 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining 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 several important things you should consider, such as:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which installer you should opt for, since different companies provide different panels.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
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 Blanchester, OH Solar Cost FAQs
What is the average cost of installing solar panels in Blanchester?
The average cost of solar panels in Blanchester is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration 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 areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.