Solar Panel Cost Guide in Hocking, OH (2025 Update)
- Hocking Solar Installation Cost: $17,944
- 25-Year Savings: $17,883
- Payback Period: 14.3 Years
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Average Cost of Solar Panels in Hocking
We go over average solar pricing in Hocking.
In Hocking, solar panels cost about 3 per watt on average.The average solar panel system size in Hocking is around 7.5 kilowatts, meaning a cost of about $17,944 for a solar installation, or $25,660 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $16,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar installer in Hocking for a quote for your home.
Solar savings over time in Hocking
Year | Return on Investment |
---|---|
1 years | $-16,612 |
3 years | $-13,948 |
5 years | $-11,284 |
7 years | $-8,620 |
9 years | $-5,955 |
11 years | $-3,291 |
13 years | $-627 |
15 years | $2,037 |
17 years | $4,701 |
19 years | $7,365 |
21 years | $10,029 |
23 years | $12,694 |
25 years | $15,358 |
Top Solar Installers in Hocking
When making the switch to solar, many homeowners prefer to go with a solar company since overseeing your solar installation yourself can be a difficult project. The payback period of solar panels will vary based on factors like your location and energy needs, but working with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
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
See all of the solar companies in Hocking
Factors that Affect Solar Panel Costs in Hocking
The cost of installing a solar system in Hocking can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest 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
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,410. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Hocking, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, 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
Many homeowners find the average cost of solar in Hocking to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Hocking, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Larger national companies generally 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 add-on 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 | $10,130 | 14.9 years |
8 kW | $3.48 | $19,478 | $13,889 | 14.6 years |
10 kW | $3.41 | $23,870 | $17,838 | 14.3 years |
12 kW | $3.34 | $28,071 | $21,979 | 14.0 years |
14 kW | $3.27 | $32,081 | $26,310 | 13.7 years |
16 kW | $3.21 | $35,900 | $30,833 | 13.4 years |
18 kW | $3.14 | $39,529 | $35,546 | 13.2 years |
20 kW | $3.07 | $42,966 | $40,451 | 12.9 years |
How to Save on Solar Panels
There are numerous companies available in Hocking, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Hocking, OH Solar Cost FAQs
How much does it cost to install solar panels in Hocking?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, 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?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.