Solar Panel Cost Guide in Fayette, OH (2024 Update)

  • Fayette Solar Installation Cost: $17,642
  • 25-Year Savings: $20,210
  • Payback Period: 13.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Fayette

Find out what the average cost of a solar system is in Fayette.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Fayette, the average cost of a solar system is 3 per watt.Using this figure, a typical 7.4-kW system would cost about $17,642 before the 0 federal solar tax credit is applied.

The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of going solar can vary depending on several factors, such as what size system you need, your energy consumption and what company you go with.For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $17,000 in savings on energy bills over 20 years.

To get a free estimate from a pre-vetted solar installer in Fayette, you can click the button below.

Solar savings over time in Fayette

Year Return on Investment
1 years $-16,310
3 years $-13,646
5 years $-10,982
7 years $-8,318
9 years $-5,654
11 years $-2,990
13 years $-326
15 years $2,338
17 years $5,002
19 years $7,666
21 years $10,330
23 years $12,994
25 years $15,658

Top Solar Installers in Fayette

Although you can install solar panels by yourself, it involves extra energy and know-how. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Another good thing about choosing a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar investment.

You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Fayette:

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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 Fayette

Factors that Affect Solar Panel Costs in Fayette

For many Fayette homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Fayette, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Fayette, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $3,410 for each additional kilowatt you need.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Most solar companies in Fayette have solar loans, which reduce the initial cost of installing solar.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar installation company you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with 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 vehicle 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 $3.55 $14,895 $12,263 13.7 years
8 kW $3.48 $19,478 $16,733 13.4 years
10 kW $3.41 $23,870 $21,393 13.2 years
12 kW $3.34 $28,071 $26,245 12.9 years
14 kW $3.27 $32,081 $31,287 12.7 years
16 kW $3.21 $35,900 $36,521 12.4 years
18 kW $3.14 $39,529 $41,945 12.1 years
20 kW $3.07 $42,966 $47,561 11.9 years

How to Save on Solar Panels

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

  • Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
  • Solar Panel Brands: Different companies will carry various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
  • Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Fayette, OH Solar Cost FAQs

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

The average cost of solar panels in Fayette 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.

Are solar panels free in Fayette?

A solar panel system isn’t free in Fayette, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Can you sell solar power back to the grid in Fayette?

Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.

How long do solar panels last in Fayette?

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