Solar Panel Cost Guide in Carey, OH (2023 Update)
- Carey Solar Installation Cost: $13,763
- 25-Year Savings: $19,273
- Payback Period: 10.4 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Carey
Let's take a look at the average cost of solar in Carey.
Although the national average of solar panels is $2.66 per watt, solar panels in Carey typically cost about 2.56. The average Carey homeowner needs a 7.7-kilowatt system, which would cost about $13,763 with the federal tax credit, or $19,681 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs will look different based on factors unique to your home and what company you want to go with. With typical savings of about $16,000 on power bills over 20 years, many homeowners in Carey find installing solar panels can pay off big.
To get a free quote from a highly rated solar company in Carey, you can click the button below.
Solar savings over time in Carey
| Year | Return on Investment |
|---|---|
| 1 years | $-12,441 |
| 3 years | $-9,798 |
| 5 years | $-7,155 |
| 7 years | $-4,513 |
| 9 years | $-1,870 |
| 11 years | $773 |
| 13 years | $3,416 |
| 15 years | $6,059 |
| 17 years | $8,702 |
| 19 years | $11,344 |
| 21 years | $13,987 |
| 23 years | $16,630 |
| 25 years | $19,273 |
Top Solar Installers in Carey
Many homeowners opt for a solar installation company since trying to put up solar panels yourself can be challenging. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your home.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Carey
Factors that Affect Solar Panel Costs in Carey
There are many criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Carey have solar loans, which reduce the initial cost of installing a solar system. While solar loans make adopting solar energy more accessible for Carey homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Carey, and each can charge different amounts for labor and equipment. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $14,630 | 10.8 years |
| 8 kW | $2.61 | $14,623 | $19,793 | 10.6 years |
| 10 kW | $2.56 | $17,920 | $25,100 | 10.4 years |
| 12 kW | $2.51 | $21,074 | $30,550 | 10.2 years |
| 14 kW | $2.46 | $24,084 | $36,143 | 10.0 years |
| 16 kW | $2.41 | $26,952 | $41,880 | 9.8 years |
| 18 kW | $2.36 | $29,676 | $47,760 | 9.6 years |
| 20 kW | $2.30 | $32,256 | $53,783 | 9.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: The type of solar panel you need to get plays a role in which installer you should choose, since different companies provide different panels.
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 Carey, OH Solar Cost FAQs
How much does it cost to install solar panels in Carey?
This is a difficult question to answer precisely, because the cost depends on many 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Carey?
You can't get solar panels for free in Carey. 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 Carey?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 buy between 20 and 35 panels to cover 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.
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.