Solar Panel Cost Guide in Claibourne, OH (2024 Update)
- Claibourne Solar Installation Cost: $18,123
- 25-Year Savings: $16,379
- Payback Period: 15.1 Years
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Average Cost of Solar Panels in Claibourne
We go over average solar pricing in Claibourne.
Although the national average of solar panels is $2.66 per watt, solar panels in Claibourne generally cost about 3.Because a 7.6-kW system is needed to cover the energy usage of a typical home in Claibourne, the average price of going solar will be about $18,123 after claiming the federal solar tax credit of 0.
These figures are only averages, and how much solar costs for you will differ based on factors unique to your home and what company you want to go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on power bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Claibourne
| Year | Return on Investment |
|---|---|
| 1 years | $-17,104 |
| 3 years | $-15,068 |
| 5 years | $-13,031 |
| 7 years | $-10,995 |
| 9 years | $-8,958 |
| 11 years | $-6,921 |
| 13 years | $-4,885 |
| 15 years | $-2,848 |
| 17 years | $-812 |
| 19 years | $1,225 |
| 21 years | $3,262 |
| 23 years | $5,298 |
| 25 years | $7,335 |
Top Solar Installers in Claibourne
When going solar, many homeowners decide to hire a solar installation company since putting up a solar system yourself can be a challenging project. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Claibourne
Factors that Affect Solar Panel Costs in Claibourne
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Claibourne: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Claibourne to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time due to interest.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 principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can affect the cost. Claibourne’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.55 | $14,895 | $8,801 | 15.7 years |
| 8 kW | $3.48 | $19,478 | $12,117 | 15.4 years |
| 10 kW | $3.41 | $23,870 | $15,624 | 15.1 years |
| 12 kW | $3.34 | $28,071 | $19,321 | 14.8 years |
| 14 kW | $3.27 | $32,081 | $23,210 | 14.5 years |
| 16 kW | $3.21 | $35,900 | $27,289 | 14.2 years |
| 18 kW | $3.14 | $39,529 | $31,560 | 13.9 years |
| 20 kW | $3.07 | $42,966 | $36,021 | 13.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Claibourne, OH Solar Cost FAQs
What is the average cost of installing solar panels in Claibourne?
The average cost of solar panels in Claibourne 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Claibourne have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give 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 usage and the amount of sunlight your roof gets. You can take a 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 get 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.