Solar Panel Cost Guide in Kenton, OH (Mar 2023)
- Kenton Solar Installation Cost: $13,673
- 25-Year Savings: $13,983
- Payback Period: 12.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Kenton
Let's take a look at the average cost of solar panels in Kenton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Kenton, the average cost of solar panels is 2.56 per watt. Because a 7.6-kW system is needed to cover the energy consumption of a typical home in Kenton, the average price of going solar will be about $13,673 after claiming the federal solar tax credit of 30%.
The actual price you pay can be higher or lower than the average in Kenton based on several factors, such as the model of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $14,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar panel company in Kenton for a custom estimate.
Solar savings over time in Kenton
| Year | Return on Investment |
|---|---|
| 1 years | $-12,567 |
| 3 years | $-10,354 |
| 5 years | $-8,142 |
| 7 years | $-5,929 |
| 9 years | $-3,717 |
| 11 years | $-1,505 |
| 13 years | $708 |
| 15 years | $2,920 |
| 17 years | $5,133 |
| 19 years | $7,345 |
| 21 years | $9,558 |
| 23 years | $11,770 |
| 25 years | $13,983 |
Top Solar Installers in Kenton
Many homeowners choose to use a solar panel company since installing solar panels on your own can be time-consuming. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy usage, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Kenton:
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 Kenton
Factors that Affect Solar Panel Costs in Kenton
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Kenton: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most important 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 power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,560 per kilowatt in Kenton. The type of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, 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 time, but they can also be a big investment. That's why many Kenton homeowners opt to finance their solar panel systems to make going solar more affordable. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and better 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 lower to compete with bigger companies.
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 | $10,577 | 12.8 years |
| 8 kW | $2.61 | $14,623 | $14,390 | 12.6 years |
| 10 kW | $2.56 | $17,920 | $18,346 | 12.4 years |
| 12 kW | $2.51 | $21,074 | $22,445 | 12.1 years |
| 14 kW | $2.46 | $24,084 | $26,687 | 11.9 years |
| 16 kW | $2.41 | $26,952 | $31,073 | 11.6 years |
| 18 kW | $2.36 | $29,676 | $35,603 | 11.4 years |
| 20 kW | $2.30 | $32,256 | $40,275 | 11.1 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Kenton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: A comprehensive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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 Kenton, OH Solar Cost FAQs
How much does it cost to install solar panels in Kenton?
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. 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 want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Kenton?
You can't get solar panels for free in Kenton. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Kenton?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.