Solar Panel Cost Guide in Groveport, OH (2024 Update)
- Groveport Solar Installation Cost: $18,014
- 25-Year Savings: $20,477
- Payback Period: 13.2 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Groveport
Let’s take a look at the average cost of solar in Groveport.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Groveport, the average cost of solar panels is 3 per watt.Using this figure, a typical 7.5-kW system would cost about $18,014 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will differ based on factors unique to your home and what company you choose to go with.For most homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $17,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Groveport
Year | Return on Investment |
---|---|
1 years | $-16,751 |
3 years | $-14,224 |
5 years | $-11,698 |
7 years | $-9,172 |
9 years | $-6,645 |
11 years | $-4,119 |
13 years | $-1,593 |
15 years | $934 |
17 years | $3,460 |
19 years | $5,986 |
21 years | $8,513 |
23 years | $11,039 |
25 years | $13,566 |
Top Solar Installers in Groveport
Many homeowners decide to use a solar installation company since trying to put up solar panels on your own can be time-consuming. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you’d like to switch to solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers in Groveport:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- 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 Groveport
Factors that Affect Solar Panel Costs in Groveport
Though the average cost of a solar system in Groveport is $18,014, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,410. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Groveport, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Most solar companies in Groveport provide solar loans, which reduce the initial cost of installing solar.Even though solar loans make adopting solar energy more accessible for Groveport homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can play a part in determining your pricing. Groveport’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $12,137 | 13.8 years |
8 kW | $3.48 | $19,478 | $16,565 | 13.5 years |
10 kW | $3.41 | $23,870 | $21,183 | 13.2 years |
12 kW | $3.34 | $28,071 | $25,993 | 13.0 years |
14 kW | $3.27 | $32,081 | $30,993 | 12.7 years |
16 kW | $3.21 | $35,900 | $36,185 | 12.5 years |
18 kW | $3.14 | $39,529 | $41,567 | 12.2 years |
20 kW | $3.07 | $42,966 | $47,140 | 11.9 years |
How to Save on Solar Panels
Since the model of solar panels and the 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 things to keep in mind to help with your decision:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Look through the contract terms closely to make sure you understand the total cost, project timeline rebates and warranties.
- Solar Panel Brands: The kind of solar panel you’d like to get plays a part in which installer you should choose, since different companies have different panels.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Groveport, OH Solar Cost FAQs
What is the average cost of installing solar panels in Groveport?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $901.06 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 goes down 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.