Solar Panel Cost Guide in Champion, OH (2024 Update)
- Champion Solar Installation Cost: $18,771
- 25-Year Savings: $12,345
- Payback Period: 17.8 Years
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Average Cost of Solar Panels in Champion
Let’s have a look at the average cost of solar panels in Champion.
Although the national average of solar panels is $2.66 per watt, solar panels in Champion generally cost around 3.Using this figure, a typical 7.9-kW system would cost about $18,771 before the 0 federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you will most likely differ based on your specific situation and what company you want to go with.For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $13,000 in savings on utility bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Champion
| Year | Return on Investment |
|---|---|
| 1 years | $-17,551 |
| 3 years | $-15,111 |
| 5 years | $-12,670 |
| 7 years | $-10,230 |
| 9 years | $-7,789 |
| 11 years | $-5,349 |
| 13 years | $-2,908 |
| 15 years | $-468 |
| 17 years | $1,972 |
| 19 years | $4,413 |
| 21 years | $6,853 |
| 23 years | $9,294 |
| 25 years | $11,734 |
Top Solar Installers in Champion
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with an installer can make your switch to solar power much easier. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our suggestions for providers in Champion:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Champion
Factors that Affect Solar Panel Costs in Champion
Though the average cost of a solar system in Champion is $18,771, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Champion, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $3,410 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to get 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
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Champion homeowners opt to finance their solar panel systems to make paying for solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can affect the cost. Champion’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Champion have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $5,276 | 18.5 years |
| 8 kW | $3.48 | $19,478 | $7,416 | 18.1 years |
| 10 kW | $3.41 | $23,870 | $9,748 | 17.8 years |
| 12 kW | $3.34 | $28,071 | $12,270 | 17.4 years |
| 14 kW | $3.27 | $32,081 | $14,984 | 17.0 years |
| 16 kW | $3.21 | $35,900 | $17,888 | 16.7 years |
| 18 kW | $3.14 | $39,529 | $20,983 | 16.3 years |
| 20 kW | $3.07 | $42,966 | $24,270 | 16.0 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 pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Warranty: If you’re concerned about the endurance of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the completion timeline.
- Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Champion, OH Solar Cost FAQs
What is the average cost of installing solar panels in Champion?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Champion?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in Champion?
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 electricity bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.