Solar Panel Cost Guide in Champion, OH (2023 Update)
- Champion Solar Installation Cost: $14,092
- 25-Year Savings: $12,345
- Payback Period: 13.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Champion
Find out what the average cost of installing solar panels is in Champion.
The average cost of a solar panel system in Champion is 2.56 per watt. Because a 7.9-kW system is needed to cover the energy costs of a typical home in Champion, the average price of going solar will be about $14,085 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Champion homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Champion see about $13,000 in savings on energy bills over 20 years.
Click the button below to get connected to a reputable solar company in Champion for a personalized quote.
Solar savings over time in Champion
| Year | Return on Investment |
|---|---|
| 1 years | $-12,872 |
| 3 years | $-10,432 |
| 5 years | $-7,991 |
| 7 years | $-5,551 |
| 9 years | $-3,110 |
| 11 years | $-670 |
| 13 years | $1,771 |
| 15 years | $4,211 |
| 17 years | $6,652 |
| 19 years | $9,092 |
| 21 years | $11,532 |
| 23 years | $13,973 |
| 25 years | $16,413 |
Top Solar Installers in Champion
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make switching to solar power much easier. Plus, if you're unsure what brand of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to go solar but still aren't certain which solar system installer to go with, here are our suggestions for providers nearby:
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 Champion
Factors that Affect Solar Panel Costs in Champion
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Champion: 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
When it comes to estimating the cost of solar panels in Champion, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $2,560 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the growing popularity of green energy solutions in Champion, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $8,989 | 13.9 years |
| 8 kW | $2.61 | $14,623 | $12,272 | 13.6 years |
| 10 kW | $2.56 | $17,920 | $15,698 | 13.3 years |
| 12 kW | $2.51 | $21,074 | $19,268 | 13.1 years |
| 14 kW | $2.46 | $24,084 | $22,981 | 12.8 years |
| 16 kW | $2.41 | $26,952 | $26,837 | 12.5 years |
| 18 kW | $2.36 | $29,676 | $30,837 | 12.3 years |
| 20 kW | $2.30 | $32,256 | $34,980 | 12.0 years |
How to Save on Solar Panels
There are many companies available in Champion, 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:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Contract: Before you sign a contract with a solar installer, be 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 the warranty covers and what services you can expect from them.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Champion, OH Solar Cost FAQs
How much does it cost to install solar panels in Champion?
This is a hard 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Champion?
You can't get solar panels for free in Champion. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Champion?
Most states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy 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?
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 install 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.
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.