Solar Panel Cost Guide in Canal Fulton, OH (2023 Update)
- Canal Fulton Solar Installation Cost: $13,942
- 25-Year Savings: $12,495
- Payback Period: 13.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Canal Fulton
Let's have a look at the average cost of solar in Canal Fulton.
While the national average of solar panels is $2.66 per watt, solar panels in Canal Fulton generally cost about 2.56. The average solar panel system size in Canal Fulton is around 7.8 kilowatts, meaning a cost of about $13,942 for a solar installation, or $19,937 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Canal Fulton homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $13,000 on power bills over 20 years, many homeowners in Canal Fulton find installing solar panels has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Canal Fulton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Canal Fulton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,884 |
| 3 years | $-10,769 |
| 5 years | $-8,654 |
| 7 years | $-6,539 |
| 9 years | $-4,424 |
| 11 years | $-2,309 |
| 13 years | $-194 |
| 15 years | $1,921 |
| 17 years | $4,036 |
| 19 years | $6,151 |
| 21 years | $8,266 |
| 23 years | $10,381 |
| 25 years | $12,495 |
Top Solar Installers in Canal Fulton
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Hiring a solar panel installer can make your switch to solar power much easier. Companies can also provide access to quality options of the best solar panels and help you choose which one will be right for your family.
If you're looking for a solar company in Canal Fulton, the EcoWatch team has put together 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Canal Fulton
Factors that Affect Solar Panel Costs in Canal Fulton
The cost of installing a solar system in Canal Fulton 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 equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Canal Fulton homeowners choose to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also adds to your total 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
A final factor to consider when trying to figure out the cost of solar for your home or business in Canal Fulton is the company you hire to install your solar system. As with choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services at different price points. Larger national companies generally have lower costs, but some local companies keep up with them by promoting 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 | $2.66 | $11,182 | $9,215 | 13.7 years |
| 8 kW | $2.61 | $14,623 | $12,573 | 13.4 years |
| 10 kW | $2.56 | $17,920 | $16,075 | 13.2 years |
| 12 kW | $2.51 | $21,074 | $19,720 | 12.9 years |
| 14 kW | $2.46 | $24,084 | $23,508 | 12.7 years |
| 16 kW | $2.41 | $26,952 | $27,440 | 12.4 years |
| 18 kW | $2.36 | $29,676 | $31,515 | 12.1 years |
| 20 kW | $2.30 | $32,256 | $35,734 | 11.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- 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 solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Canal Fulton, OH Solar Cost FAQs
What is the average cost of installing solar panels in Canal Fulton?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Canal Fulton?
You can't get solar panels for free in Canal Fulton. 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 you sell solar power back to the grid in Canal Fulton?
Most states have net metering programs of some kind. Through these, you can either 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.
How long do solar panels last in Canal Fulton?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.