Solar Panel Cost Guide in Huntsburg, OH (2023 Update)
- Huntsburg Solar Installation Cost: $13,942
- 25-Year Savings: $13,281
- Payback Period: 12.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Huntsburg
Let's take a look at the average cost of solar in Huntsburg.
The average cost of a solar system in Huntsburg is 2.56 per watt. The average solar panel system size in Huntsburg is around 7.8 kilowatts, meaning a cost of about $13,942 for a solar installation, or $19,937 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may differ based on the amount of energy your home requires and what company you go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on electricity bills.
To receive a free quote from a vetted solar installation company in Huntsburg, you can click the button below.
Solar savings over time in Huntsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-12,853 |
| 3 years | $-10,675 |
| 5 years | $-8,497 |
| 7 years | $-6,319 |
| 9 years | $-4,142 |
| 11 years | $-1,964 |
| 13 years | $214 |
| 15 years | $2,392 |
| 17 years | $4,570 |
| 19 years | $6,748 |
| 21 years | $8,925 |
| 23 years | $11,103 |
| 25 years | $13,281 |
Top Solar Installers in Huntsburg
Although you can install solar panels yourself, it involves extra effort and expertise. Because of that, almost all homeowners choose to go with a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're searching for a solar company in Huntsburg, the EcoWatch team has compiled a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Huntsburg
Factors that Affect Solar Panel Costs in Huntsburg
There are several criteria that can influence 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
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay about $2,560 per kilowatt in Huntsburg. The brand of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment is more than 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 researching a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular choice because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Huntsburg, you'll have many options to choose from, but each comes at different price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that provides the products, warranties and services you want and also fits within your budget.
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 | $9,812 | 13.3 years |
| 8 kW | $2.61 | $14,623 | $13,370 | 13.1 years |
| 10 kW | $2.56 | $17,920 | $17,070 | 12.8 years |
| 12 kW | $2.51 | $21,074 | $20,914 | 12.5 years |
| 14 kW | $2.46 | $24,084 | $24,902 | 12.3 years |
| 16 kW | $2.41 | $26,952 | $29,033 | 12.0 years |
| 18 kW | $2.36 | $29,676 | $33,307 | 11.8 years |
| 20 kW | $2.30 | $32,256 | $37,725 | 11.5 years |
How to Save on Solar Panels
The solar panel company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Huntsburg, OH Solar Cost FAQs
How much does it cost to install solar panels in Huntsburg?
The average cost of solar panels in Huntsburg 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 things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Huntsburg have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.