Solar Panel Cost Guide in Clark, OH (2023 Update)
- Clark Solar Installation Cost: $13,799
- 25-Year Savings: $19,174
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Clark
Find out what the average cost of solar panel installation is in Clark.
The average cost of a solar system in Clark is 2.56 per watt. The average solar panel system size in Clark is around 7.7 kilowatts, meaning a cost of about $13,798 for a solar installation, or $19,731 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Clark homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $16,000 in savings on utility bills over 20 years.
To get a free quote from a vetted solar installer in Clark, you can click the button below.
Solar savings over time in Clark
| Year | Return on Investment |
|---|---|
| 1 years | $-13,690 |
| 3 years | $-13,470 |
| 5 years | $-13,250 |
| 7 years | $-13,030 |
| 9 years | $-12,810 |
| 11 years | $-12,590 |
| 13 years | $-12,371 |
| 15 years | $-12,151 |
| 17 years | $-11,931 |
| 19 years | $-11,711 |
| 21 years | $-11,491 |
| 23 years | $-11,272 |
| 25 years | $-11,052 |
Top Solar Installers in Clark
Although you can install solar panels on your own, it involves extra time and know-how. That's one of the reasons most homeowners choose a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you hire a solar company as well, which can save you more money over time.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some 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 Clark
Factors that Affect Solar Panel Costs in Clark
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,560. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Clark average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Clark homeowners choose to finance their solar panel systems to make going solar more affordable. Even though solar loans make going solar more accessible for Clark homeowners, they can also increase 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
Lastly, the company you choose to install your solar system can affect how much it costs. Clark's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also fit into your budget.
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 | $14,509 | 10.9 years |
| 8 kW | $2.61 | $14,623 | $19,632 | 10.7 years |
| 10 kW | $2.56 | $17,920 | $24,899 | 10.5 years |
| 12 kW | $2.51 | $21,074 | $30,309 | 10.3 years |
| 14 kW | $2.46 | $24,084 | $35,862 | 10.0 years |
| 16 kW | $2.41 | $26,952 | $41,558 | 9.8 years |
| 18 kW | $2.36 | $29,676 | $47,398 | 9.6 years |
| 20 kW | $2.30 | $32,256 | $53,382 | 9.4 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on 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:
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Clark, OH Solar Cost FAQs
How much does it cost to install solar panels in Clark?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Clark?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Clark have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
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 the average daily 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 buy 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.