Solar Panel Cost Guide in Huber Ridge, OH (Mar 2023)
- Huber Ridge Solar Installation Cost: $13,530
- 25-Year Savings: $20,158
- Payback Period: 10.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Huber Ridge
Find out what the average cost of a solar system is in Huber Ridge.
While the national average of solar panels is $2.66 per watt, solar panels in Huber Ridge generally cost around 2.56. To account for the typical energy usage of the average home in Huber Ridge, most homeowners require a 7.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,530, or $19,348 before the federal solar tax credit of 30% is applied.
Keep in mind that the figures above are only estimates based on the average Huber Ridge homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $17,000 over 20 years on power bills.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Huber Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-12,182 |
| 3 years | $-9,487 |
| 5 years | $-6,792 |
| 7 years | $-4,097 |
| 9 years | $-1,402 |
| 11 years | $1,293 |
| 13 years | $3,988 |
| 15 years | $6,683 |
| 17 years | $9,378 |
| 19 years | $12,073 |
| 21 years | $14,768 |
| 23 years | $17,463 |
| 25 years | $20,158 |
Top Solar Installers in Huber Ridge
Although it's possible to install solar panels on your own, it involves extra energy and handiness. That's one of the reasons almost all homeowners choose a solar panel installer. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Huber Ridge
Factors that Affect Solar Panel Costs in Huber Ridge
The cost of installing a solar system in Huber Ridge can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Huber Ridge, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,560 for each additional kilowatt you need. The model of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, 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 searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your overall costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in Huber Ridge, and each can charge different amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering 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 | $2.66 | $11,182 | $15,601 | 10.4 years |
| 8 kW | $2.61 | $14,623 | $21,088 | 10.2 years |
| 10 kW | $2.56 | $17,920 | $26,718 | 10.0 years |
| 12 kW | $2.51 | $21,074 | $32,491 | 9.8 years |
| 14 kW | $2.46 | $24,084 | $38,408 | 9.6 years |
| 16 kW | $2.41 | $26,952 | $44,469 | 9.4 years |
| 18 kW | $2.36 | $29,676 | $50,672 | 9.2 years |
| 20 kW | $2.30 | $32,256 | $57,020 | 9.0 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 efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of 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 past customers.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should go with, since different companies provide different panels.
- Contract: Before signing a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Huber Ridge, OH Solar Cost FAQs
What is the average cost of installing solar panels in Huber Ridge?
The average cost of solar panels in Huber Ridge 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Huber Ridge?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $892.76 per year.
How long do solar panels last in Huber Ridge?
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 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.