Solar Panel Cost Guide in Bucyrus, OH (2025 Update)
- Bucyrus Solar Installation Cost: $18,374
- 25-Year Savings: $16,668
- Payback Period: 15.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Bucyrus
We break down average solar pricing in Bucyrus.
In Bucyrus, solar panels cost about 3 per watt on average.Using this figure, a typical 7.7-kW system would cost about $18,374 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Bucyrus homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.For most homeowners, the upfront investment in solar is worth paying. On average Bucyrus homeowners see about $15,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Bucyrus
| Year | Return on Investment |
|---|---|
| 1 years | $-17,154 |
| 3 years | $-14,714 |
| 5 years | $-12,273 |
| 7 years | $-9,833 |
| 9 years | $-7,392 |
| 11 years | $-4,952 |
| 13 years | $-2,511 |
| 15 years | $-71 |
| 17 years | $2,370 |
| 19 years | $4,810 |
| 21 years | $7,250 |
| 23 years | $9,691 |
| 25 years | $12,131 |
Top Solar Installers in Bucyrus
When going solar, many homeowners decide to go with a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Plus, if you’re unsure what type of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
See all of the solar companies in Bucyrus
Factors that Affect Solar Panel Costs in Bucyrus
Even though the average cost of a solar system in Bucyrus is $18,374, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need, 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 about $3,410. The type of solar panels and equipment you get is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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
If paying for a solar system in cash is too expensive, solar loans are a solid option because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your all-in costs, so it’s vital to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose will impact your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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 | $3.55 | $14,895 | $8,849 | 15.7 years |
| 8 kW | $3.48 | $19,478 | $12,181 | 15.4 years |
| 10 kW | $3.41 | $23,870 | $15,703 | 15.1 years |
| 12 kW | $3.34 | $28,071 | $19,417 | 14.8 years |
| 14 kW | $3.27 | $32,081 | $23,322 | 14.5 years |
| 16 kW | $3.21 | $35,900 | $27,417 | 14.2 years |
| 18 kW | $3.14 | $39,529 | $31,703 | 13.9 years |
| 20 kW | $3.07 | $42,966 | $36,181 | 13.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the project timeline.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although 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 take a look at their list of offerings before making your decision.
EcoWatch's Bucyrus, OH Solar Cost FAQs
What is the average cost of installing solar panels in Bucyrus?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Bucyrus?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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 get between 20 and 35 panels to account for 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.