Solar Panel Cost Guide in Galion, OH (Mar 2023)
- Galion Solar Installation Cost: $13,780
- 25-Year Savings: $17,255
- Payback Period: 11.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Galion
Find out how much it might cost to make the switch to solar in Galion.
In Galion, solar panels cost about 2.56 per watt on average. To cover the typical energy usage of the average home in Galion, most homeowners require a 7.7-kilowatt system. Using the figure above, a solar installation costs about $13,780, or $19,705 before the federal solar tax credit of 30% is applied.
The true cost of your system can be above or below the average in Galion depending on a few factors, such as the type of solar panels you choose and the solar installer you hire. Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Galion can save around $15,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a personalized quote.
Solar savings over time in Galion
| Year | Return on Investment |
|---|---|
| 1 years | $-12,539 |
| 3 years | $-10,056 |
| 5 years | $-7,573 |
| 7 years | $-5,091 |
| 9 years | $-2,608 |
| 11 years | $-125 |
| 13 years | $2,358 |
| 15 years | $4,841 |
| 17 years | $7,324 |
| 19 years | $9,807 |
| 21 years | $12,289 |
| 23 years | $14,772 |
| 25 years | $17,255 |
Top Solar Installers in Galion
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make swapping over to solar power much easier. The expertise that solar companies offer can be invaluable as well, particularly if you don't quite know what type of solar equipment you need.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Galion
Factors that Affect Solar Panel Costs in Galion
For many Galion homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Galion, with typical prices between $20,000 to $40,000. There are a few factors that considerably 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 installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,560 per kilowatt in Galion. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Galion, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. Although solar loans make adopting solar energy more accessible for Galion homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you pick will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Galion know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,038 | 11.5 years |
| 8 kW | $2.61 | $14,623 | $17,671 | 11.3 years |
| 10 kW | $2.56 | $17,920 | $22,447 | 11.1 years |
| 12 kW | $2.51 | $21,074 | $27,366 | 10.9 years |
| 14 kW | $2.46 | $24,084 | $32,429 | 10.7 years |
| 16 kW | $2.41 | $26,952 | $37,635 | 10.4 years |
| 18 kW | $2.36 | $29,676 | $42,985 | 10.2 years |
| 20 kW | $2.30 | $32,256 | $48,478 | 10.0 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Galion, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Galion, OH Solar Cost FAQs
What is the average cost of installing solar panels in Galion?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Galion?
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.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.