Solar Panel Cost Guide in Kenton, OH (2024 Update)
- Kenton Solar Installation Cost: $18,203
- 25-Year Savings: $13,990
- Payback Period: 16.5 Years
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Average Cost of Solar Panels in Kenton
Let’s have a look at the average cost of solar panels in Kenton.
The average cost of solar panels in Kenton is 3 per watt.Using this figure, a typical 7.6-kW system would cost about $18,203 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Kenton homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Kenton can save about $14,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Kenton for a quote for your home.
Solar savings over time in Kenton
| Year | Return on Investment |
|---|---|
| 1 years | $-17,184 |
| 3 years | $-15,148 |
| 5 years | $-13,111 |
| 7 years | $-11,075 |
| 9 years | $-9,038 |
| 11 years | $-7,001 |
| 13 years | $-4,965 |
| 15 years | $-2,928 |
| 17 years | $-892 |
| 19 years | $1,145 |
| 21 years | $3,182 |
| 23 years | $5,218 |
| 25 years | $7,255 |
Top Solar Installers in Kenton
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of an installer can make your switch to solar power much easier. Local solar installers can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.
If you’d like to make the switch to solar but still aren’t certain which solar system installer to go with, here are our recommendations for providers in Kenton:
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 Kenton
Factors that Affect Solar Panel Costs in Kenton
The cost of installing a solar system in Kenton can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
One of the most significant 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 electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Kenton.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Kenton, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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
Many homeowners find the average cost of solar in Kenton to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.While solar loans make going solar more accessible for Kenton homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Kenton is the company you hire to install your solar system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Kenton know more 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 | $3.55 | $14,895 | $6,865 | 17.1 years |
| 8 kW | $3.48 | $19,478 | $9,535 | 16.8 years |
| 10 kW | $3.41 | $23,870 | $12,396 | 16.5 years |
| 12 kW | $3.34 | $28,071 | $15,448 | 16.1 years |
| 14 kW | $3.27 | $32,081 | $18,691 | 15.8 years |
| 16 kW | $3.21 | $35,900 | $22,125 | 15.5 years |
| 18 kW | $3.14 | $39,529 | $25,749 | 15.1 years |
| 20 kW | $3.07 | $42,966 | $29,565 | 14.8 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose considerably affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- 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 such as a system part breaking or the company going out of business.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Solar Panel Brands: The kind of solar panel you’d like to get plays a role in which installer you should go with, since different companies offer different panels.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Kenton, OH Solar Cost FAQs
How much does it cost to install solar panels in Kenton?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Are solar panels free in Kenton?
A solar panel system isn’t free in Kenton, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t choose 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."
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 the average daily 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 get between 20 and 35 panels to account for 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.