Solar Panel Cost Guide in Gasper, OH (2023 Update)
- Gasper Solar Installation Cost: $13,339
- 25-Year Savings: $15,137
- Payback Period: 11.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Gasper
See how much it might cost to install solar panels in Gasper.
The average cost of solar panels in Gasper is 2.56 per watt. Using this figure, a typical 7.4-kW system would cost about $13,332 before the 30% federal solar tax credit is applied.
These figures are only estimates, and your own solar costs will vary based on your specific situation and what company you choose to go with. But, once you've paid the initial cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on utility bills.
You can click the button below to get connected with a vetted solar company in Gasper for a quote for your home.
Solar savings over time in Gasper
| Year | Return on Investment |
|---|---|
| 1 years | $-12,321 |
| 3 years | $-10,284 |
| 5 years | $-8,248 |
| 7 years | $-6,211 |
| 9 years | $-4,175 |
| 11 years | $-2,138 |
| 13 years | $-101 |
| 15 years | $1,935 |
| 17 years | $3,972 |
| 19 years | $6,008 |
| 21 years | $8,045 |
| 23 years | $10,082 |
| 25 years | $12,118 |
Top Solar Installers in Gasper
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make converting to solar power much easier. Companies can also have access to a large variety of the best solar panels and help you choose which one will be right for you.
Working with a vetted 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 Gasper
Factors that Affect Solar Panel Costs in Gasper
There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important 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 power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,560 per kilowatt in Gasper. The kind of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Gasper to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. You'll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Gasper, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that offers the products, warranties and services you're looking for and also fits within your budget.
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 | $11,771 | 12.2 years |
| 8 kW | $2.61 | $14,623 | $15,981 | 11.9 years |
| 10 kW | $2.56 | $17,920 | $20,335 | 11.7 years |
| 12 kW | $2.51 | $21,074 | $24,832 | 11.5 years |
| 14 kW | $2.46 | $24,084 | $29,472 | 11.2 years |
| 16 kW | $2.41 | $26,952 | $34,256 | 11.0 years |
| 18 kW | $2.36 | $29,676 | $39,183 | 10.8 years |
| 20 kW | $2.30 | $32,256 | $44,254 | 10.5 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Installation Process: When making the switch to solar energy, it's important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Not all solar companies 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 choose.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Gasper, OH Solar Cost FAQs
What is the average cost of installing solar panels in Gasper?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Gasper?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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 financial benefits from going solar.
Is it worth going solar in Gasper?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Gasper?
On average, the lifespan of solar panels is 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 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.