Solar Panel Cost Guide in Huber Ridge, OH (2023 Update)
- Huber Ridge Solar Installation Cost: $13,524
- 25-Year Savings: $20,163
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Huber Ridge
Let's take a look at the average cost of solar panels in Huber Ridge.
Although the national average of solar panels is $2.66 per watt, solar panels in Huber Ridge generally cost about 2.56. The average solar panel system size in Huber Ridge is around 7.5 kilowatts, meaning a cost of about $13,530 for a solar installation, or $19,348 before the 30% federal solar tax credit is applied.
Remember 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 choose, your solar contractor and more. Many homeowners find adopting solar power is a solid investment. The average homeowner in Huber Ridge can save about $17,000 on their electricity bills over 20 years.
Click the button below to get connected to a top solar company in your area for a personalized quote.
Solar savings over time in Huber Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-13,411 |
| 3 years | $-13,187 |
| 5 years | $-12,962 |
| 7 years | $-12,738 |
| 9 years | $-12,513 |
| 11 years | $-12,289 |
| 13 years | $-12,064 |
| 15 years | $-11,839 |
| 17 years | $-11,615 |
| 19 years | $-11,390 |
| 21 years | $-11,166 |
| 23 years | $-10,941 |
| 25 years | $-10,716 |
Top Solar Installers in Huber Ridge
When switching to solar energy, many homeowners opt to use a solar company since DIY solar panel installation can be a difficult project. A solar installer can also help save you money in the long run by offering warranties, repairs and system component replacements.
Working with a licensed solar installer can make going solar easier. 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 Huber Ridge
Factors that Affect Solar Panel Costs in Huber Ridge
There are a number of criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar panel 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 gauge by looking at past power bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the amount of 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you select will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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
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.