Solar Panel Cost Guide in Blanchester, OH (2025 Update)
- Blanchester Solar Installation Cost: $17,717
- 25-Year Savings: $10,032
- Payback Period: 19.0 Years
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Average Cost of Solar Panels in Blanchester
Find out what the average cost of a solar system is in Blanchester.
The average cost of a solar panel system in Blanchester is 3 per watt.To account for the typical energy usage of the average home in Blanchester, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs about $17,717, or $25,335 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with.Despite the high initial cost, the average Blanchester homeowner can save around $12,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Blanchester
| Year | Return on Investment |
|---|---|
| 1 years | $-16,552 |
| 3 years | $-14,222 |
| 5 years | $-11,892 |
| 7 years | $-9,562 |
| 9 years | $-7,232 |
| 11 years | $-4,902 |
| 13 years | $-2,572 |
| 15 years | $-242 |
| 17 years | $2,088 |
| 19 years | $4,418 |
| 21 years | $6,748 |
| 23 years | $9,078 |
| 25 years | $11,408 |
Top Solar Installers in Blanchester
Although it's possible to install solar panels on your own, it involves extra energy and expertise. For that reason, most people choose a solar panel installer. Another perk of working with a solar installer is that they can help you maximize your investment by reducing your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Blanchester
Factors that Affect Solar Panel Costs in Blanchester
The cost of installing a solar system in Blanchester can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,410. The model of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to think 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 into a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Blanchester offer solar loans, which reduce the initial cost of installing a solar system.While solar loans make going solar more accessible for Blanchester homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Blanchester, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.55 | $14,895 | $3,966 | 19.7 years |
| 8 kW | $3.48 | $19,478 | $5,671 | 19.4 years |
| 10 kW | $3.41 | $23,870 | $7,566 | 19.0 years |
| 12 kW | $3.34 | $28,071 | $9,652 | 18.6 years |
| 14 kW | $3.27 | $32,081 | $11,929 | 18.2 years |
| 16 kW | $3.21 | $35,900 | $14,396 | 17.8 years |
| 18 kW | $3.14 | $39,529 | $17,055 | 17.5 years |
| 20 kW | $3.07 | $42,966 | $19,905 | 17.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- 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 works and the completion timeline.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, project timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Blanchester?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase how much your home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Blanchester is currently $234,549, which means you can expect a value of about $9,617 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Blanchester is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.