Solar Panel Cost Guide in Hardy, OH (Mar 2023)
- Hardy Solar Installation Cost: $13,798
- 25-Year Savings: $18,371
- Payback Period: 10.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hardy
Let's take a look at the average cost of solar panels in Hardy.
In Hardy, solar panels cost about 2.56 per watt on average. The average Hardy homeowner needs a 7.7-kilowatt system, which would cost about $13,798 with the federal tax credit, or $19,731 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Hardy homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Even with the large initial cost, the average Hardy homeowner can save around $16,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a vetted solar company in your area for a customized estimate.
Solar savings over time in Hardy
| Year | Return on Investment |
|---|---|
| 1 years | $-12,512 |
| 3 years | $-9,938 |
| 5 years | $-7,365 |
| 7 years | $-4,791 |
| 9 years | $-2,218 |
| 11 years | $356 |
| 13 years | $2,929 |
| 15 years | $5,503 |
| 17 years | $8,077 |
| 19 years | $10,650 |
| 21 years | $13,224 |
| 23 years | $15,797 |
| 25 years | $18,371 |
Top Solar Installers in Hardy
Although you can install solar panels on your own, it takes extra energy and know-how. That's why almost all homeowners choose a solar panel installer. Some solar companies, especially local ones, can help you take advantage of incentives in Hardy, optimizing your ROI.
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 Hardy
Factors that Affect Solar Panel Costs in Hardy
The cost of installing a solar system in Hardy can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company 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 energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,560 per kilowatt in Hardy. The model of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. 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 looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Hardy to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Hardy, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $13,883 | 11.2 years |
| 8 kW | $2.61 | $14,623 | $18,797 | 10.9 years |
| 10 kW | $2.56 | $17,920 | $23,854 | 10.7 years |
| 12 kW | $2.51 | $21,074 | $29,055 | 10.5 years |
| 14 kW | $2.46 | $24,084 | $34,400 | 10.3 years |
| 16 kW | $2.41 | $26,952 | $39,887 | 10.1 years |
| 18 kW | $2.36 | $29,676 | $45,518 | 9.9 years |
| 20 kW | $2.30 | $32,256 | $51,293 | 9.7 years |
How to Save on Solar Panels
There are numerous companies available in Hardy, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will carry different brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Hardy, OH Solar Cost FAQs
How much does it cost to install solar panels in Hardy?
The average cost of solar panels in Hardy 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 type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Hardy?
You can't get solar panels for free in Hardy. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $835.49 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.