Solar Panel Cost Guide in Coshocton, OH (2024 Update)
- Coshocton Solar Installation Cost: $18,327
- 25-Year Savings: $21,374
- Payback Period: 13.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Coshocton
Let’s have a look at the average cost of solar in Coshocton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Coshocton, the average cost of solar panels is 3 per watt.To cover the typical energy usage of the average home in Coshocton, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs about $18,327, or $26,208 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar panels you choose, your solar contractor and more.Despite the significant initial cost, the average Coshocton homeowner can save about $17,000 on their energy bills over 20 years, which is one of the perks of solar.
To receive a free quote from a pre-vetted solar installer in Coshocton, you can click the button below.
Solar savings over time in Coshocton
| Year | Return on Investment |
|---|---|
| 1 years | $-16,995 |
| 3 years | $-14,331 |
| 5 years | $-11,667 |
| 7 years | $-9,003 |
| 9 years | $-6,338 |
| 11 years | $-3,674 |
| 13 years | $-1,010 |
| 15 years | $1,654 |
| 17 years | $4,318 |
| 19 years | $6,982 |
| 21 years | $9,646 |
| 23 years | $12,310 |
| 25 years | $14,974 |
Top Solar Installers in Coshocton
Many homeowners decide to hire a solar installer since installing solar panels on your own can be a labor-intensive endeavor. Another good thing about going with a reliable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.
If you're on the hunt for a solar company in Coshocton, the EcoWatch team has put together a list of our top suggestions here:
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 Coshocton
Factors that Affect Solar Panel Costs in Coshocton
For many Coshocton homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Coshocton, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment goes beyond 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 looking for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Coshocton homeowners decide to finance their solar panel systems to offset upfront costs.Even though solar loans make switching to solar energy more accessible for Coshocton 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
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Coshocton is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.Some companies only sell high-quality, high-efficiency and high-price 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 provides the products, warranties and services you’re looking for and also fits within 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 | $3.55 | $14,895 | $12,560 | 13.6 years |
| 8 kW | $3.48 | $19,478 | $17,129 | 13.3 years |
| 10 kW | $3.41 | $23,870 | $21,888 | 13.0 years |
| 12 kW | $3.34 | $28,071 | $26,839 | 12.8 years |
| 14 kW | $3.27 | $32,081 | $31,981 | 12.5 years |
| 16 kW | $3.21 | $35,900 | $37,313 | 12.3 years |
| 18 kW | $3.14 | $39,529 | $42,836 | 12.0 years |
| 20 kW | $3.07 | $42,966 | $48,551 | 11.7 years |
How to Save on Solar Panels
There are numerous companies to choose from in Coshocton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
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 Coshocton, OH Solar Cost FAQs
How much does it cost to install solar panels in Coshocton?
The average cost of solar panels in Coshocton 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Coshocton?
Leasing solar panels can be an appealing choice, because it usually 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Coshocton?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels should I get 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 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.