Solar Panel Cost Guide in Calcutta, OH (2023 Update)
- Calcutta Solar Installation Cost: $14,032
- 25-Year Savings: $13,231
- Payback Period: 12.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Calcutta
Let's have a look at the average cost of solar in Calcutta.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Calcutta, the typical cost of a solar system is 2.56 per watt. Because a 7.8-kW system is needed to cover the energy usage of a typical home in Calcutta, the average price of going solar will be about $14,031 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit depending on several factors, such as how many panels you need, your energy consumption and what company you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Calcutta can save about $13,000 on their energy bills over 20 years.
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Solar savings over time in Calcutta
| Year | Return on Investment |
|---|---|
| 1 years | $-12,812 |
| 3 years | $-10,372 |
| 5 years | $-7,931 |
| 7 years | $-5,491 |
| 9 years | $-3,050 |
| 11 years | $-610 |
| 13 years | $1,831 |
| 15 years | $4,271 |
| 17 years | $6,712 |
| 19 years | $9,152 |
| 21 years | $11,593 |
| 23 years | $14,033 |
| 25 years | $16,474 |
Top Solar Installers in Calcutta
When going solar, many homeowners opt to go with a solar installer since handling can be a time-consuming project. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
There are a number of 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 Calcutta
Factors that Affect Solar Panel Costs in Calcutta
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Calcutta: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Calcutta homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your all-in costs, so it's crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Calcutta, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering 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 | $9,708 | 13.4 years |
| 8 kW | $2.61 | $14,623 | $13,231 | 13.1 years |
| 10 kW | $2.56 | $17,920 | $16,897 | 12.9 years |
| 12 kW | $2.51 | $21,074 | $20,706 | 12.6 years |
| 14 kW | $2.46 | $24,084 | $24,659 | 12.4 years |
| 16 kW | $2.41 | $26,952 | $28,755 | 12.1 years |
| 18 kW | $2.36 | $29,676 | $32,995 | 11.8 years |
| 20 kW | $2.30 | $32,256 | $37,378 | 11.6 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Calcutta, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which brand 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 offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can verify your installer's reputation is by reading reviews.
- Warranty: If you're concerned about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Calcutta, OH Solar Cost FAQs
What is the average cost of installing solar panels in Calcutta?
The average cost of solar panels in Calcutta 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 like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Calcutta?
You can't get solar panels for free in Calcutta. 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.
Does Calcutta have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.