Solar Panel Cost Guide in Guilford, OH (Jan 2023)

  • Guilford Solar Installation Cost: $13,619
  • 25-Year Savings: $16,093
  • Payback Period: 11.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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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 Guilford

Find out what the average cost of a solar system is in Guilford.

In Guilford, solar panels cost about $3 per watt on average. The average Guilford homeowner needs a 7.6-kilowatt system, which would cost about $13,619, or $10,078 after the federal solar tax credit of 30% is applied.

The true price you pay can go above or below the average in Guilford based on several factors, such as the model of solar panels you choose and the solar company you hire. Even with the large upfront cost, the average Guilford homeowner can save about $15,000 on their power bills over 20 years, which is one of the advantages of solar.

To see your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Guilford

Year Return on Investment
1 years $-12,431
3 years $-10,054
5 years $-7,677
7 years $-5,300
9 years $-2,923
11 years $-546
13 years $1,831
15 years $4,208
17 years $6,585
19 years $8,962
21 years $11,339
23 years $13,716
25 years $16,093

Top Solar Installers in Guilford

When going solar, many homeowners choose to hire a solar company since DIY solar panel installation can be a time-consuming project. The expertise that solar installers provide can be helpful as well, especially if you don't quite know what type of solar equipment would be right for your home.

If you're searching for a solar installer in Guilford, 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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Guilford

Factors that Affect Solar Panel Costs in Guilford

Cost is often one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Guilford: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment

When it comes to estimating the cost of solar panels in Guilford, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Guilford homeowners opt to finance their solar panel systems to offset upfront costs. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to figure out the cost of solar for your home or business in Guilford is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that offer a range of services at different price points. Larger national companies usually have lower costs, but some local companies keep up with 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 $2.66 $11,182 $12,284 11.9 years
8 kW $2.61 $14,623 $16,665 11.7 years
10 kW $2.56 $17,920 $21,190 11.5 years
12 kW $2.51 $21,074 $25,858 11.2 years
14 kW $2.46 $24,084 $30,669 11.0 years
16 kW $2.41 $26,952 $35,624 10.8 years
18 kW $2.36 $29,676 $40,722 10.5 years
20 kW $2.30 $32,256 $45,964 10.3 years

How to Save on Solar Panels

Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
  • Solar Panel Brands: Different companies will carry various brands and types of panels. If you want a specific brand, make sure the solar installer you're considering has it.
  • Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
  • Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.

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 (coming 2022)

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Guilford, OH Solar Cost FAQs

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

The average cost of solar panels in Guilford is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider other than cost when buying solar panels?

Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities 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.

Do solar panels increase the value of your 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 Guilford is currently $198,074, so you can expect a value of about $8,121 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Guilford is a fruitful investment.

How many solar panels do I need to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.

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