Solar Panel Cost Guide in Coshocton, OH (Dec 2022)

  • Coshocton Solar Installation Cost: $13,763
  • 25-Year Savings: $21,370
  • Payback Period: 9.8 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Coshocton

See how much it might cost to install solar panels in Coshocton.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Coshocton, the typical cost of a solar system is $3 per watt. The average solar panel system size in Coshocton is around 7.7 kilowatts, meaning a cost of about $13,763 for a solar installation, or $10,185 after the 30% federal solar tax credit is applied.

The true cost of your system can go above or below the average in Coshocton depending on several factors, such as the type of solar panels you choose and the solar installer you hire. Even with the large initial cost, the average Coshocton homeowner can save around $17,000 on their power bills over 20 years, which is one of the positives of solar.

For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Coshocton

Year Return on Investment
1 years $-12,357
3 years $-9,547
5 years $-6,736
7 years $-3,926
9 years $-1,115
11 years $1,696
13 years $4,506
15 years $7,317
17 years $10,127
19 years $12,938
21 years $15,749
23 years $18,559
25 years $21,370

Top Solar Installers in Coshocton

Although it's possible to install solar panels by yourself, it takes extra labor and knowledge. That's why most homeowners choose to hire a solar panel installer. Another benefit of going with a solar company is that they can help you optimize your return of investment by bringing down your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.

If you'd like to make the switch to solar but still aren't sure which solar company to go with, here are our suggestions for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Coshocton

Factors that Affect Solar Panel Costs in Coshocton

Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Coshocton: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Coshocton, one of the most crucial 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 electricity bills. Your total cost can increase by around $2,560 for each additional kilowatt you need. The kind of solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Coshocton average.

Solar Financing Terms

Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Coshocton homeowners opt to finance their solar panel systems to make going solar more affordable. Although solar loans make going solar more accessible for Coshocton 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

Finally, the company you choose to install your solar panels can influence the cost. Coshocton's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.

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 $16,273 10.2 years
8 kW $2.61 $14,623 $21,984 10.0 years
10 kW $2.56 $17,920 $27,838 9.8 years
12 kW $2.51 $21,074 $33,836 9.6 years
14 kW $2.46 $24,084 $39,977 9.4 years
16 kW $2.41 $26,952 $46,262 9.2 years
18 kW $2.36 $29,676 $52,690 9.0 years
20 kW $2.30 $32,256 $59,261 8.8 years

How to Save on Solar Panels

The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:

  • Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
  • Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
  • Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Coshocton, OH Solar Cost FAQs

What is the average cost of installing solar panels in Coshocton?

This is a hard 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 more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Should I lease or buy solar panels in Coshocton?

Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.

Is switching to solar power worth it?

Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.

How often do you have to replace solar panels?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.

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