Solar Panel Cost Guide in Ironton, OH (Mar 2023)
- Ironton Solar Installation Cost: $13,243
- 25-Year Savings: $20,212
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ironton
Find out what the average cost of installing solar panels is in Ironton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ironton, the average cost of a solar system is 2.56 per watt. Because 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%.
Keep in mind that the figures above are only estimates based on the average energy use of Ironton homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $17,000 over 20 years on electricity bills.
Click the button below to get connected to a vetted solar company in your area for a customized quote.
Solar savings over time in Ironton
| Year | Return on Investment |
|---|---|
| 1 years | $-11,905 |
| 3 years | $-9,228 |
| 5 years | $-6,552 |
| 7 years | $-3,876 |
| 9 years | $-1,199 |
| 11 years | $1,477 |
| 13 years | $4,153 |
| 15 years | $6,830 |
| 17 years | $9,506 |
| 19 years | $12,183 |
| 21 years | $14,859 |
| 23 years | $17,535 |
| 25 years | $20,212 |
Top Solar Installers in Ironton
Many homeowners choose to use a solar installer since figuring out how to install solar panels on your own can be challenging. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
There are several licensed solar professionals that can take care of your solar installation project. 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 Ironton
Factors that Affect Solar Panel Costs in Ironton
Although the average cost of a solar system in Ironton is $13,243, your actual cost may differ. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Ironton. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Ironton, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Ironton, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's vital to consider that as well. You can always bring down the total you pay in interest and possibly 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 play a part in your total costs. There are about 3 solar panel companies in Ironton, and each can charge varying amounts for labor and equipment. Companies that only sell high-efficiency and high-priced products — 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 decide on the company that provides the products, warranties and services you're looking for and also is 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 | $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
Since the type of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which company you should go with, since different companies have access to different panels.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
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 Ironton, OH Solar Cost FAQs
How much does it cost to install solar panels in Ironton?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Ironton?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside 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.
How will installing solar panels impact my home value?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.