Solar Panel Cost Guide in Galion, OH (2023 Update)
- Galion Solar Installation Cost: $13,777
- 25-Year Savings: $17,258
- Payback Period: 11.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Galion
We go over average solar pricing in Galion.
The national average cost of solar panels is $2.66 per watt, but in Galion it's 2.56 per watt. Using this figure, a typical 7.7-kW system would cost about $13,780 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Galion homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Even with the high upfront cost, the average Galion homeowner can save about $15,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Galion
| Year | Return on Investment |
|---|---|
| 1 years | $-12,557 |
| 3 years | $-10,117 |
| 5 years | $-7,676 |
| 7 years | $-5,236 |
| 9 years | $-2,795 |
| 11 years | $-355 |
| 13 years | $2,086 |
| 15 years | $4,526 |
| 17 years | $6,966 |
| 19 years | $9,407 |
| 21 years | $11,847 |
| 23 years | $14,288 |
| 25 years | $16,728 |
Top Solar Installers in Galion
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be time-consuming. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Galion
Factors that Affect Solar Panel Costs in Galion
There are a number of factors that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,560. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over five to seven years on average. It's wise to include 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 back the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Galion is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that offer a range of services for different budgets. You may come across national solar installers that have lower prices due to 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 | $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
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Galion, OH Solar Cost FAQs
How much does it cost to install solar panels in Galion?
The average cost of solar panels in Galion 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 like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Galion is currently $86,400, so you could be looking at a value of about $3,542 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Galion is a fruitful investment.
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 amount of 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 buy between 20 and 35 panels to cover 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.