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 typical 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.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy use, the type of solar system you want, your solar contractor and more.Despite the large upfront cost, the average Clark homeowner can save around $16,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar company in Clark for a quote for your home.
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
Although it's possible to install solar panels yourself, it requires extra time and handiness. For that reason, the majority of homeowners choose to hire a solar panel installer. Because solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are several licensed solar professionals that can install solar panels for you. 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 Clark
Factors that Affect Solar Panel Costs in Clark
The cost of installing a solar system in Clark can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The brand of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Clark offer solar loans, which reduce your upfront costs of installing solar panels.While solar loans make adopting solar energy more accessible for Clark homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make 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 take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Clark, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Clark have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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
The solar installer you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Contract: Although reading through a contract can be tedious, 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.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
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 Clark, OH Solar Cost FAQs
How much does it cost to install 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels 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’d prefer to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my home value?
Installing solar panels on 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, which means you could be looking at a value of about $12,183 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Clark is a worthwhile investment.
How long do solar panels last in Clark?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.