Solar Panel Cost Guide in Island Creek, OH (2024 Update)
- Island Creek Solar Installation Cost: $18,548
- 25-Year Savings: $17,343
- Payback Period: 14.8 Years
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Average Cost of Solar Panels in Island Creek
Find out what the average cost of solar panels are in Island Creek.
In Island Creek, solar panels cost about 3 per watt on average.Using this figure, a typical 7.8-kW system would cost about $18,548 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs will vary based on factors unique to your home and what company you choose to go with.For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $15,000 in savings on energy bills over 20 years.
To get a free estimate from a top solar installer in Island Creek, you can click the button below.
Solar savings over time in Island Creek
| Year | Return on Investment |
|---|---|
| 1 years | $-17,216 |
| 3 years | $-14,552 |
| 5 years | $-11,888 |
| 7 years | $-9,224 |
| 9 years | $-6,560 |
| 11 years | $-3,896 |
| 13 years | $-1,232 |
| 15 years | $1,432 |
| 17 years | $4,096 |
| 19 years | $6,760 |
| 21 years | $9,424 |
| 23 years | $12,088 |
| 25 years | $14,752 |
Top Solar Installers in Island Creek
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring an installer can make swapping over to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Island Creek
Factors that Affect Solar Panel Costs in Island Creek
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Island Creek: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Island Creek.The type of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. 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 falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Island Creek homeowners decide to finance their solar panel systems to offset upfront costs.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can influence the cost. Island Creek’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.55 | $14,895 | $9,248 | 15.4 years |
| 8 kW | $3.48 | $19,478 | $12,713 | 15.1 years |
| 10 kW | $3.41 | $23,870 | $16,368 | 14.8 years |
| 12 kW | $3.34 | $28,071 | $20,215 | 14.5 years |
| 14 kW | $3.27 | $32,081 | $24,252 | 14.2 years |
| 16 kW | $3.21 | $35,900 | $28,481 | 13.9 years |
| 18 kW | $3.14 | $39,529 | $32,900 | 13.6 years |
| 20 kW | $3.07 | $42,966 | $37,511 | 13.3 years |
How to Save on Solar Panels
There are many companies to choose from in Island Creek, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Island Creek, OH Solar Cost FAQs
How much does it cost to install solar panels in Island Creek?
The average cost of solar panels in Island Creek is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Island Creek?
Leasing solar panels can be an option if you can’t 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 home 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 bang for your buck from going solar.
Does Island Creek have a net metering program?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Island Creek?
On average, the lifespan of solar panels is 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.