Solar Panel Cost Guide in Campbell, OH (2024 Update)
- Campbell Solar Installation Cost: $18,726
- 25-Year Savings: $12,379
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Campbell
Here’s how much it might cost to switch to solar power in Campbell.
While the national average of solar panels is $2.66 per watt, solar panels in Campbell typically cost around 3.To cover the typical energy usage of the average home in Campbell, most homeowners require a 7.8-kilowatt system. Using the figure above, a solar installation costs around $18,726, or $26,778 before the federal solar tax credit of 0 is applied.
These figures are only averages, and your own solar costs will look different based on the amount of energy your home requires and what company you want to go with.Many homeowners find going solar is a sound investment. The average homeowner in Campbell can save about $13,000 on their energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Campbell
Year | Return on Investment |
---|---|
1 years | $-17,506 |
3 years | $-15,065 |
5 years | $-12,625 |
7 years | $-10,184 |
9 years | $-7,744 |
11 years | $-5,303 |
13 years | $-2,863 |
15 years | $-422 |
17 years | $2,018 |
19 years | $4,459 |
21 years | $6,899 |
23 years | $9,340 |
25 years | $11,780 |
Top Solar Installers in Campbell
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring an installer can make swapping over to solar power much easier. Companies can also have access to a large variety of the best solar panels and help you pick which one will be best for you.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our suggestions for providers in Campbell:
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 Campbell
Factors that Affect Solar Panel Costs in Campbell
There are many factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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 around $3,410. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Campbell, where sunlight isn’t as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase 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 Campbell homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to 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 getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Campbell is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different price points.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that provides the products, warranties and services you’re looking for and also fit into your budget.
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 | $5,325 | 18.4 years |
8 kW | $3.48 | $19,478 | $7,482 | 18.1 years |
10 kW | $3.41 | $23,870 | $9,830 | 17.7 years |
12 kW | $3.34 | $28,071 | $12,369 | 17.4 years |
14 kW | $3.27 | $32,081 | $15,099 | 17.0 years |
16 kW | $3.21 | $35,900 | $18,019 | 16.6 years |
18 kW | $3.14 | $39,529 | $21,131 | 16.3 years |
20 kW | $3.07 | $42,966 | $24,434 | 15.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Campbell, OH Solar Cost FAQs
What is the average cost of installing solar panels in Campbell?
The average cost of solar panels in Campbell is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind 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?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Campbell?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.