Solar Panel Cost Guide in Hardy, OH (2023 Update)
- Hardy Solar Installation Cost: $13,799
- 25-Year Savings: $18,370
- Payback Period: 10.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Hardy
Find out what the average cost of installing solar panels is in Hardy.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hardy, the average cost of a solar system is 2.56 per watt. Since a 7.7-kW system is needed to cover the energy usage of a typical home in Hardy, the average price of going solar will be about $13,798 after claiming the federal solar tax credit of 30%.
The true cost of your system can go above or below the average in Hardy based on several factors, such as the brand of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $16,000 over 20 years on energy bills.
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 | $-13,692 |
| 3 years | $-13,478 |
| 5 years | $-13,263 |
| 7 years | $-13,049 |
| 9 years | $-12,834 |
| 11 years | $-12,620 |
| 13 years | $-12,405 |
| 15 years | $-12,191 |
| 17 years | $-11,977 |
| 19 years | $-11,762 |
| 21 years | $-11,548 |
| 23 years | $-11,333 |
| 25 years | $-11,119 |
Top Solar Installers in Hardy
When switching to solar energy, many homeowners choose to go with a solar installation company since putting up solar panels yourself can be a difficult project. Another advantage of working with a solar installer is that they can help you make the most of your return of investment by bringing down your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you'd like to go solar but still aren't sure which solar system company to go with, here are our suggestions for providers near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Hardy, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. The brand of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on 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 into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Hardy, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's wise 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
A final factor to consider when trying to estimate the cost of solar for your home or business in Hardy is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, you'll have no shortage of solar installers that provide a range of services for different budgets. Larger national companies generally 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 vehicle 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 | $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
The solar company you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Your solar installer should have a good 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Hardy?
You can't get solar panels for free in Hardy. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Hardy?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How long do solar panels last in Hardy?
On average, solar panels can last 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.