Solar Panel Cost Guide in Huntington, OH (2023 Update)
- Huntington Solar Installation Cost: $13,317
- 25-Year Savings: $22,169
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Huntington
Find out what the average cost of solar panels are in Huntington.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Huntington, the average cost of solar panels is 2.56 per watt. To account for the typical energy usage of the average home in Huntington, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,315, or $19,040 before the federal solar tax credit of 30% is applied.
These figures are just averages, and your own solar costs will look different based on your energy needs and what company you want to go with. Even with the large initial cost, the average Huntington homeowner can save around $18,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Huntington
| Year | Return on Investment |
|---|---|
| 1 years | $-13,199 |
| 3 years | $-12,962 |
| 5 years | $-12,725 |
| 7 years | $-12,489 |
| 9 years | $-12,252 |
| 11 years | $-12,016 |
| 13 years | $-11,779 |
| 15 years | $-11,542 |
| 17 years | $-11,306 |
| 19 years | $-11,069 |
| 21 years | $-10,833 |
| 23 years | $-10,596 |
| 25 years | $-10,360 |
Top Solar Installers in Huntington
When switching to solar energy, many homeowners prefer to go with a solar installation company since putting up solar panels yourself can be a time-consuming project. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be right for you.
Working with a vetted solar installer can help your solar project go smoothly. 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 Huntington
Factors that Affect Solar Panel Costs in Huntington
There are several criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,560. The kind of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider 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's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are available from most installers in Huntington, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating in Huntington, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk 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 down 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 | $17,469 | 9.8 years |
| 8 kW | $2.61 | $14,623 | $23,579 | 9.6 years |
| 10 kW | $2.56 | $17,920 | $29,832 | 9.4 years |
| 12 kW | $2.51 | $21,074 | $36,229 | 9.2 years |
| 14 kW | $2.46 | $24,084 | $42,768 | 9.0 years |
| 16 kW | $2.41 | $26,952 | $49,452 | 8.8 years |
| 18 kW | $2.36 | $29,676 | $56,278 | 8.6 years |
| 20 kW | $2.30 | $32,256 | $63,248 | 8.4 years |
How to Save on Solar Panels
The solar panel company you choose will influence 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 keep in mind, such as:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Huntington, OH Solar Cost FAQs
What is the average cost of installing solar panels in Huntington?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Huntington?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels completely eradicate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Huntington, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires 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.