Solar Panel Cost Guide in Delphos, OH (2024 Update)
- Delphos Solar Installation Cost: $18,122
- 25-Year Savings: $17,815
- Payback Period: 14.4 Years
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Average Cost of Solar Panels in Delphos
We go over average solar pricing in Delphos.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Delphos, the average cost of a solar system is 3 per watt.Because a 7.6-kW system is needed to cover the energy costs of a typical home in Delphos, the average price of going solar will be about $18,122 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of solar system you want, your solar contractor and more.But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $16,000 over 20 years on energy bills.
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Solar savings over time in Delphos
| Year | Return on Investment |
|---|---|
| 1 years | $-16,789 |
| 3 years | $-14,125 |
| 5 years | $-11,461 |
| 7 years | $-8,797 |
| 9 years | $-6,133 |
| 11 years | $-3,469 |
| 13 years | $-805 |
| 15 years | $1,859 |
| 17 years | $4,523 |
| 19 years | $7,187 |
| 21 years | $9,851 |
| 23 years | $12,515 |
| 25 years | $15,179 |
Top Solar Installers in Delphos
When going solar, many homeowners decide to use a solar installer since putting up a solar system yourself can be a challenging project. The expertise that solar companies provide can be helpful as well, particularly if you aren’t sure what kind of solar equipment would be right for your home.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
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 Delphos
Factors that Affect Solar Panel Costs in Delphos
For many Delphos homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Delphos, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,410. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Delphos average.
Solar Financing Terms
Most solar installers in Delphos provide solar loans, which reduce your upfront costs of installing solar.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Delphos, you’ll have many options to choose from, but each comes at different price points for labor and equipment.The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger 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 | $9,937 | 15.0 years |
| 8 kW | $3.48 | $19,478 | $13,631 | 14.7 years |
| 10 kW | $3.41 | $23,870 | $17,516 | 14.4 years |
| 12 kW | $3.34 | $28,071 | $21,593 | 14.1 years |
| 14 kW | $3.27 | $32,081 | $25,860 | 13.8 years |
| 16 kW | $3.21 | $35,900 | $30,318 | 13.6 years |
| 18 kW | $3.14 | $39,529 | $34,967 | 13.3 years |
| 20 kW | $3.07 | $42,966 | $39,807 | 13.0 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The kind of solar panel you need to install plays a part in which installer you should choose, since different companies offer different panels.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
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 Delphos, OH Solar Cost FAQs
How much does it cost to install solar panels in Delphos?
This is a tough question to answer precisely, 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. You can expect to pay more 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 efficient solar panels.
Should I lease or buy solar panels in Delphos?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The drawback 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
How will having solar panels impact the value of my home?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose 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 solar panels."
How long do solar panels last in Delphos?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.