Solar Panel Cost Guide in Clark, OH (2024 Update)
- Clark Solar Installation Cost: $18,381
- 25-Year Savings: $19,174
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Clark
Here’s how much it might cost to install solar panels in Clark.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Clark, the average cost of solar panels is 3 per watt.To account for the typical energy needs of the average home in Clark, most homeowners require a 7.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $18,381, or $26,285 before the federal solar tax credit of 0 is applied.
The actual price you pay can be higher or lower than the average in Clark based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.Even with the high upfront cost, the average Clark homeowner can save around $16,000 on their power bills over 20 years, which is one of the perks of solar.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Clark
| Year | Return on Investment |
|---|---|
| 1 years | $-17,049 |
| 3 years | $-14,385 |
| 5 years | $-11,721 |
| 7 years | $-9,057 |
| 9 years | $-6,393 |
| 11 years | $-3,729 |
| 13 years | $-1,065 |
| 15 years | $1,599 |
| 17 years | $4,263 |
| 19 years | $6,927 |
| 21 years | $9,591 |
| 23 years | $12,255 |
| 25 years | $14,919 |
Top Solar Installers in Clark
When making the switch to solar, many homeowners decide to hire a solar company since DIY solar panel installation can be a difficult project. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Clark:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Clark
Factors that Affect Solar Panel Costs in Clark
For many Clark homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Clark, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are several different solar panel brands and the one you pick also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Clark, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.Even though solar loans make adopting solar energy more accessible for Clark homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Clark, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Clark are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $10,796 | 14.5 years |
| 8 kW | $3.48 | $19,478 | $14,777 | 14.2 years |
| 10 kW | $3.41 | $23,870 | $18,949 | 13.9 years |
| 12 kW | $3.34 | $28,071 | $23,311 | 13.7 years |
| 14 kW | $3.27 | $32,081 | $27,865 | 13.4 years |
| 16 kW | $3.21 | $35,900 | $32,610 | 13.1 years |
| 18 kW | $3.14 | $39,529 | $37,545 | 12.8 years |
| 20 kW | $3.07 | $42,966 | $42,672 | 12.5 years |
How to Save on Solar Panels
There are a lot of companies available in Clark, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar company. Make sure you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Clark, OH Solar Cost FAQs
What is the average cost of installing solar panels in Clark?
The average cost of solar panels in Clark is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Clark?
You can’t get solar panels for free in Clark. 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 want to own your solar panels, you can finance them with a solar loan.
How will solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Clark is currently $297,151, so you can look forward to a value of about $12,183 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Clark is a rewarding investment.
How long do solar panels last in Clark?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.