Solar Panel Cost Guide in Delhi Hills, OH (2023 Update)
- Delhi Hills Solar Installation Cost: $13,240
- 25-Year Savings: $10,949
- Payback Period: 13.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Delhi Hills
Here's how much it might cost to go solar in Delhi Hills.
The national average cost of solar panels is $2.66 per watt, but in Delhi Hills it's 2.56 per watt. The average Delhi Hills homeowner needs a 7.4-kilowatt system, which would cost about $13,243 with the federal tax credit, or $18,937 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. For most homeowners, the upfront cost of solar power is worth paying. On average Delhi Hills homeowners see about $12,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Delhi Hills that can help you get a more accurate cost estimate for your home.
Solar savings over time in Delhi Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-12,075 |
| 3 years | $-9,745 |
| 5 years | $-7,415 |
| 7 years | $-5,085 |
| 9 years | $-2,755 |
| 11 years | $-425 |
| 13 years | $1,905 |
| 15 years | $4,235 |
| 17 years | $6,565 |
| 19 years | $8,895 |
| 21 years | $11,225 |
| 23 years | $13,555 |
| 25 years | $15,885 |
Top Solar Installers in Delhi Hills
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Hiring a solar panel installer can make your swap to solar power much easier. The expertise that solar installers offer can be invaluable as well, particularly if you don't quite know what kind of solar equipment you need.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Delhi Hills:
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 Delhi Hills
Factors that Affect Solar Panel Costs in Delhi Hills
For many Delhi Hills homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Delhi Hills, 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
When it comes to estimating the price of a solar panel system in Delhi Hills, 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 usage, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. The type of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, 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 searching for a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also increases your total costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Delhi Hills, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $8,461 | 14.2 years |
| 8 kW | $2.61 | $14,623 | $11,568 | 14.0 years |
| 10 kW | $2.56 | $17,920 | $14,818 | 13.7 years |
| 12 kW | $2.51 | $21,074 | $18,212 | 13.4 years |
| 14 kW | $2.46 | $24,084 | $21,749 | 13.1 years |
| 16 kW | $2.41 | $26,952 | $25,430 | 12.9 years |
| 18 kW | $2.36 | $29,676 | $29,253 | 12.6 years |
| 20 kW | $2.30 | $32,256 | $33,221 | 12.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely provide high-quality solar panel installation and expertise.
- Warranty: If you're worried about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The brand of solar panel you'd like to get plays a part in which installer you should go with, since different companies have different panels.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project timeline rebates and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Delhi Hills, OH Solar Cost FAQs
How much does it cost to install solar panels in Delhi Hills?
The average cost of solar panels in Delhi Hills is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Delhi Hills?
Leasing solar panels can be an option if you can't afford to 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 savings from going solar.
Can you sell solar power back to the grid in Delhi Hills?
Each state has some form 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.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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 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.