Solar Panel Cost Guide in Concord, OH (2023 Update)
- Concord Solar Installation Cost: $13,439
- 25-Year Savings: $14,497
- Payback Period: 12.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Concord
We break down average solar pricing in Concord.
In Concord, solar panels cost about 2.56 per watt on average. Using this figure, a typical 7.5-kW system would cost about $13,440 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will most likely look different based on your energy needs and what company you go with. Despite the large initial cost, the average Concord homeowner can save around $14,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar installer in Concord that can help you get a more accurate cost estimate for your home.
Solar savings over time in Concord
| Year | Return on Investment |
|---|---|
| 1 years | $-12,421 |
| 3 years | $-10,384 |
| 5 years | $-8,347 |
| 7 years | $-6,311 |
| 9 years | $-4,274 |
| 11 years | $-2,238 |
| 13 years | $-201 |
| 15 years | $1,836 |
| 17 years | $3,872 |
| 19 years | $5,909 |
| 21 years | $7,945 |
| 23 years | $9,982 |
| 25 years | $12,019 |
Top Solar Installers in Concord
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with an installer can make converting to solar power much easier. Another advantage of going with a solar installer is that they can help you optimize your return of investment by lowering your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Concord:
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 Concord
Factors that Affect Solar Panel Costs in Concord
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Concord: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Concord, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Concord average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Concord, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $11,168 | 12.5 years |
| 8 kW | $2.61 | $14,623 | $15,178 | 12.3 years |
| 10 kW | $2.56 | $17,920 | $19,331 | 12.0 years |
| 12 kW | $2.51 | $21,074 | $23,627 | 11.8 years |
| 14 kW | $2.46 | $24,084 | $28,067 | 11.5 years |
| 16 kW | $2.41 | $26,952 | $32,650 | 11.3 years |
| 18 kW | $2.36 | $29,676 | $37,376 | 11.1 years |
| 20 kW | $2.30 | $32,256 | $42,246 | 10.8 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Concord, OH Solar Cost FAQs
What is the average cost of installing solar panels in Concord?
This is a hard question to answer exactly, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Concord?
You can't get solar panels for free in Concord. However, you may still be able to install 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.
Does Concord have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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.