Solar Panel Cost Guide in Groesbeck, OH (2023 Update)
- Groesbeck Solar Installation Cost: $13,243
- 25-Year Savings: $13,851
- Payback Period: 12.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Groesbeck
Here's how much it might cost to make the switch to solar in Groesbeck.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Groesbeck, the typical cost of a solar system is 2.56 per watt. To cover the typical energy usage of the average home in Groesbeck, most homeowners require a 7.4-kilowatt system. Using the figure above, a solar installation costs around $13,243, or $18,937 before the federal solar tax credit of 30% is applied.
These figures are only averages, and the cost of going solar for you may differ based on factors unique to your home and what company you want to go with. For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Groesbeck see about $14,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Groesbeck
| Year | Return on Investment |
|---|---|
| 1 years | $-12,159 |
| 3 years | $-9,992 |
| 5 years | $-7,824 |
| 7 years | $-5,657 |
| 9 years | $-3,489 |
| 11 years | $-1,322 |
| 13 years | $846 |
| 15 years | $3,013 |
| 17 years | $5,181 |
| 19 years | $7,348 |
| 21 years | $9,516 |
| 23 years | $11,683 |
| 25 years | $13,851 |
Top Solar Installers in Groesbeck
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be hard. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be best for your home.
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 Groesbeck
Factors that Affect Solar Panel Costs in Groesbeck
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Groesbeck: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,560 per kilowatt in Groesbeck. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Groesbeck, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Groesbeck, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of financing options, 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 getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Groesbeck, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $10,820 | 12.7 years |
| 8 kW | $2.61 | $14,623 | $14,713 | 12.5 years |
| 10 kW | $2.56 | $17,920 | $18,750 | 12.2 years |
| 12 kW | $2.51 | $21,074 | $22,930 | 12.0 years |
| 14 kW | $2.46 | $24,084 | $27,254 | 11.7 years |
| 16 kW | $2.41 | $26,952 | $31,721 | 11.5 years |
| 18 kW | $2.36 | $29,676 | $36,331 | 11.2 years |
| 20 kW | $2.30 | $32,256 | $41,084 | 11.0 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two 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 previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
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 Groesbeck, OH Solar Cost FAQs
What is the average cost of installing solar panels in Groesbeck?
The average cost of solar panels in Groesbeck 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 kind 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 a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Groesbeck, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.