Solar Panel Cost Guide in Groesbeck, OH (2024 Update)

  • Groesbeck Solar Installation Cost: $17,636
  • 25-Year Savings: $13,854
  • Payback Period: 16.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Groesbeck

Here’s how much it might cost to make the switch to solar in Groesbeck.

In Groesbeck, solar panels cost about 3 per watt on average.The average solar panel system size in Groesbeck is around 7.4 kilowatts, meaning a cost of about $17,636 for a solar installation, or $25,219 before the 0 federal solar tax credit is applied.

These figures are only estimates, and the cost of going solar for you may vary based on the amount of energy your home requires and what company you go with.With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Groesbeck find investing in solar has a decent ROI.

Click the button below to get connected to a reputable solar panel company in Groesbeck for a customized estimate.

Solar savings over time in Groesbeck

Year Return on Investment
1 years $-16,471
3 years $-14,141
5 years $-11,811
7 years $-9,481
9 years $-7,151
11 years $-4,821
13 years $-2,491
15 years $-161
17 years $2,169
19 years $4,499
21 years $6,828
23 years $9,158
25 years $11,488

Top Solar Installers in Groesbeck

Although you can install solar panels by yourself, it involves extra labor and know-how. For that reason, almost all homeowners choose to go with a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance in the long run.

If you're on the hunt for a solar installer in Groesbeck, the EcoWatch team has organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Groesbeck

Factors that Affect Solar Panel Costs in Groesbeck

The cost of installing a solar system in Groesbeck can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.

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 electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,410 per kilowatt in Groesbeck.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for solar panels in cash is difficult, solar loans are a popular route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Groesbeck, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $3.55 $14,895 $7,107 16.9 years
8 kW $3.48 $19,478 $9,858 16.6 years
10 kW $3.41 $23,870 $12,800 16.3 years
12 kW $3.34 $28,071 $15,933 15.9 years
14 kW $3.27 $32,081 $19,257 15.6 years
16 kW $3.21 $35,900 $22,772 15.3 years
18 kW $3.14 $39,529 $26,478 15.0 years
20 kW $3.07 $42,966 $30,374 14.6 years

How to Save on Solar Panels

The solar installer you opt for will be a major factor in determining not only your overall 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 take into account, including:

  • Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Groesbeck, OH Solar Cost FAQs

What is the average cost of installing solar panels in Groesbeck?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional 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 cost the most important consideration when buying solar panels?

The initial 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 take into account are the quality and durability of your solar panels.

Can solar panels significantly reduce my energy bills?

Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $733.40 per year.

How often do you have to replace solar panels?

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 higher 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.

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