Solar Panel Cost Guide in Defiance, OH (2024 Update)
- Defiance Solar Installation Cost: $18,181
- 25-Year Savings: $16,266
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Defiance
We go over average solar pricing in Defiance.
The national average cost of solar panels is $2.66 per watt, but in Defiance it’s 3 per watt.Using this figure, a typical 7.6-kW system would cost about $18,181 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of installing solar panels can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Defiance can save about $15,000 on their power bills over 20 years.
To get a free quote from a highly rated solar installation company in Defiance, you can click the button below.
Solar savings over time in Defiance
| Year | Return on Investment |
|---|---|
| 1 years | $-16,866 |
| 3 years | $-14,237 |
| 5 years | $-11,607 |
| 7 years | $-8,978 |
| 9 years | $-6,349 |
| 11 years | $-3,719 |
| 13 years | $-1,090 |
| 15 years | $1,539 |
| 17 years | $4,169 |
| 19 years | $6,798 |
| 21 years | $9,427 |
| 23 years | $12,056 |
| 25 years | $14,686 |
Top Solar Installers in Defiance
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Using an installer can make your swap to solar power much easier. Another good thing about going with a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you're searching for a solar installer in Defiance, the EcoWatch team has organized a list of our top suggestions here:
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 Defiance
Factors that Affect Solar Panel Costs in Defiance
Although the average cost of a solar system in Defiance is $18,181, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are many different solar panel brands and the one you pick also changes the cost. Generally, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Defiance homeowners choose to finance their solar panel systems to make going solar more affordable.While solar loans make switching to solar energy more accessible for Defiance 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 put down 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 keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Defiance, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $8,671 | 15.8 years |
| 8 kW | $3.48 | $19,478 | $11,943 | 15.5 years |
| 10 kW | $3.41 | $23,870 | $15,406 | 15.2 years |
| 12 kW | $3.34 | $28,071 | $19,060 | 14.9 years |
| 14 kW | $3.27 | $32,081 | $22,905 | 14.6 years |
| 16 kW | $3.21 | $35,900 | $26,941 | 14.3 years |
| 18 kW | $3.14 | $39,529 | $31,168 | 14.0 years |
| 20 kW | $3.07 | $42,966 | $35,585 | 13.7 years |
How to Save on Solar Panels
There are many companies to choose from in Defiance, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts 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
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 Defiance, OH Solar Cost FAQs
How much does it cost to install solar panels in Defiance?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Defiance?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to 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 bang for your buck from going solar.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 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.