Solar Panel Cost Guide in Bucyrus, OH (2023 Update)
- Bucyrus Solar Installation Cost: $13,794
- 25-Year Savings: $16,668
- Payback Period: 11.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bucyrus
We go over average solar pricing in Bucyrus.
The national average cost of solar panels is $2.66 per watt, but in Bucyrus it's 2.56 per watt. Using this figure, a typical 7.7-kW system would cost about $13,798 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. Even with the high initial cost, the average Bucyrus homeowner can save about $15,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar company in Bucyrus for a personalized quote.
Solar savings over time in Bucyrus
| Year | Return on Investment |
|---|---|
| 1 years | $-12,574 |
| 3 years | $-10,134 |
| 5 years | $-7,693 |
| 7 years | $-5,253 |
| 9 years | $-2,812 |
| 11 years | $-372 |
| 13 years | $2,069 |
| 15 years | $4,509 |
| 17 years | $6,950 |
| 19 years | $9,390 |
| 21 years | $11,831 |
| 23 years | $14,271 |
| 25 years | $16,711 |
Top Solar Installers in Bucyrus
When going solar, many homeowners decide to hire a solar installer since handling can be a time-consuming project. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're on the hunt for a solar installer in Bucyrus, the EcoWatch team has organized a list of our top suggestions here:
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 Bucyrus
Factors that Affect Solar Panel Costs in Bucyrus
The cost of installing a solar system in Bucyrus can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Bucyrus average.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Bucyrus homeowners opt to finance their solar panel systems to make going solar more affordable. Although solar loans make adopting solar energy more accessible for Bucyrus homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Bucyrus, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Bucyrus are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $12,562 | 11.8 years |
| 8 kW | $2.61 | $14,623 | $17,036 | 11.5 years |
| 10 kW | $2.56 | $17,920 | $21,653 | 11.3 years |
| 12 kW | $2.51 | $21,074 | $26,414 | 11.1 years |
| 14 kW | $2.46 | $24,084 | $31,318 | 10.9 years |
| 16 kW | $2.41 | $26,952 | $36,366 | 10.6 years |
| 18 kW | $2.36 | $29,676 | $41,557 | 10.4 years |
| 20 kW | $2.30 | $32,256 | $46,891 | 10.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on 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 panel company. Confirm that you understand how the installation process works and the project timeline.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which installer you should opt for, since different companies provide different panels.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Bucyrus, OH Solar Cost FAQs
What is the average cost of installing solar panels in Bucyrus?
This is a difficult 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Bucyrus?
You can't get solar panels for free in Bucyrus. 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 rather own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $791.47 per year.
How long do solar panels last in Bucyrus?
Although 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 replace them after having them for that long or you can keep using 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.