Solar Panel Cost Guide in Ironton, OH (2023 Update)
- Ironton Solar Installation Cost: $13,245
- 25-Year Savings: $20,210
- Payback Period: 9.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ironton
Let's have a look at the average cost of solar panels in Ironton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ironton, the typical cost of solar panels is 2.56 per watt. Since a 7.4-kW system is needed to cover the energy costs of a typical home in Ironton, the average price of going solar will be about $13,243 after claiming the federal solar tax credit of 30%.
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 system you want, your solar contractor and more. Many homeowners find going solar is a rewarding investment. The average homeowner in Ironton can save around $17,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar company in Ironton, you can click the button below.
Solar savings over time in Ironton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,133 |
| 3 years | $-12,910 |
| 5 years | $-12,687 |
| 7 years | $-12,464 |
| 9 years | $-12,241 |
| 11 years | $-12,018 |
| 13 years | $-11,795 |
| 15 years | $-11,572 |
| 17 years | $-11,349 |
| 19 years | $-11,126 |
| 21 years | $-10,903 |
| 23 years | $-10,680 |
| 25 years | $-10,457 |
Top Solar Installers in Ironton
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Using a solar company can make converting to solar power much easier. Another good thing about using a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our suggestions for providers nearby:
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 Ironton
Factors that Affect Solar Panel Costs in Ironton
For many Ironton homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Ironton, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are a solid option because they lower your upfront costs and let you pay for your system over five to seven years on average. It's a good idea to include 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 off the loan.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Ironton have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $15,976 | 10.3 years |
| 8 kW | $2.61 | $14,623 | $21,588 | 10.1 years |
| 10 kW | $2.56 | $17,920 | $27,343 | 9.9 years |
| 12 kW | $2.51 | $21,074 | $33,242 | 9.7 years |
| 14 kW | $2.46 | $24,084 | $39,284 | 9.5 years |
| 16 kW | $2.41 | $26,952 | $45,470 | 9.3 years |
| 18 kW | $2.36 | $29,676 | $51,798 | 9.1 years |
| 20 kW | $2.30 | $32,256 | $58,271 | 8.9 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your total costs, but also the kinds 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, such as:
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Reputation: Long-running 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 service, such as part repairs and replacements.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Ironton, OH Solar Cost FAQs
What is the average cost of installing solar panels in Ironton?
This is a tough question to answer exactly, 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 cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Ironton?
Leasing solar panels can be an appealing choice, as it usually 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for 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 generally produce about 250 to 400 watt-hours per hour, the average household 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.