Solar Panel Cost Guide in Fulton, OH (2023 Update)
- Fulton Solar Installation Cost: $13,695
- 25-Year Savings: $16,384
- Payback Period: 11.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Fulton
We break down average solar pricing in Fulton.
The national average cost of solar panels is $2.66 per watt, but in Fulton it's 2.56 per watt. The average solar panel system size in Fulton is around 7.6 kilowatts, meaning a cost of about $13,691 for a solar installation, or $19,578 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of installing solar panels can vary depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with. With average savings of about $15,000 on energy bills over 20 years, many homeowners in Fulton find installing solar panels has a decent ROI.
To receive a free estimate from a pre-vetted solar installer in Fulton, you can click the button below.
Solar savings over time in Fulton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,595 |
| 3 years | $-13,395 |
| 5 years | $-13,194 |
| 7 years | $-12,994 |
| 9 years | $-12,793 |
| 11 years | $-12,593 |
| 13 years | $-12,392 |
| 15 years | $-12,192 |
| 17 years | $-11,991 |
| 19 years | $-11,790 |
| 21 years | $-11,590 |
| 23 years | $-11,389 |
| 25 years | $-11,189 |
Top Solar Installers in Fulton
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar company can make converting to solar power much easier. Some solar installers, especially local ones, can help you make the most of incentives in Fulton, therefore optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Fulton
Factors that Affect Solar Panel Costs in Fulton
For many Fulton homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Fulton, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,560 per kilowatt in Fulton. The type 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. On the other hand, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Fulton average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Fulton, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Fulton is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for instance, you'll have no shortage of solar installers that offer a range of services at different costs. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, 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 | $2.66 | $11,182 | $12,432 | 11.8 years |
| 8 kW | $2.61 | $14,623 | $16,863 | 11.6 years |
| 10 kW | $2.56 | $17,920 | $21,437 | 11.4 years |
| 12 kW | $2.51 | $21,074 | $26,155 | 11.2 years |
| 14 kW | $2.46 | $24,084 | $31,015 | 10.9 years |
| 16 kW | $2.41 | $26,952 | $36,020 | 10.7 years |
| 18 kW | $2.36 | $29,676 | $41,167 | 10.5 years |
| 20 kW | $2.30 | $32,256 | $46,458 | 10.2 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar installers have 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: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Fulton, OH Solar Cost FAQs
How much does it cost to install solar panels in Fulton?
The average cost of solar panels in Fulton is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Fulton?
You can't get solar panels for free in Fulton. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Does Fulton have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in Fulton?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.