Solar Panel Cost Guide in Lagrange, OH (2023 Update)
- Lagrange Solar Installation Cost: $12,687
- 25-Year Savings: $17,917
- Payback Period: 10.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Lagrange
See how much it might cost to install solar panels in Lagrange.
The average cost of a solar panel system in Lagrange is 2.56 per watt. The average Lagrange homeowner needs a 7.1-kilowatt system, which would cost about $12,687 with the federal tax credit, or $18,142 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Lagrange homeowner. The price 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. Even with the large upfront cost, the average Lagrange homeowner can save about $16,000 on their energy bills over 20 years, which is one of the benefits of solar.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Lagrange
| Year | Return on Investment |
|---|---|
| 1 years | $-11,463 |
| 3 years | $-9,015 |
| 5 years | $-6,567 |
| 7 years | $-4,118 |
| 9 years | $-1,670 |
| 11 years | $778 |
| 13 years | $3,227 |
| 15 years | $5,675 |
| 17 years | $8,123 |
| 19 years | $10,572 |
| 21 years | $13,020 |
| 23 years | $15,468 |
| 25 years | $17,917 |
Top Solar Installers in Lagrange
Trying to put up solar panels by yourself can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. The expertise that solar companies provide can be helpful as well, particularly if you don't quite know what brand of solar equipment you need.
If you'd like to start using solar energy but still aren't certain which solar company to go with, here are our recommendations for providers in Lagrange:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Lagrange
Factors that Affect Solar Panel Costs in Lagrange
Although the average cost of a solar system in Lagrange is $12,687, your final cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in Lagrange, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your overall costs, so it's crucial to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Lagrange is the company you get 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 Lagrange are more knowledgeable about local solar incentives and can help you make good use of 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 help you save 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 | $14,764 | 10.8 years |
| 8 kW | $2.61 | $14,623 | $19,971 | 10.6 years |
| 10 kW | $2.56 | $17,920 | $25,323 | 10.4 years |
| 12 kW | $2.51 | $21,074 | $30,817 | 10.2 years |
| 14 kW | $2.46 | $24,084 | $36,455 | 9.9 years |
| 16 kW | $2.41 | $26,952 | $42,237 | 9.7 years |
| 18 kW | $2.36 | $29,676 | $48,161 | 9.5 years |
| 20 kW | $2.30 | $32,256 | $54,229 | 9.3 years |
How to Save on Solar Panels
There are a large number of companies available in Lagrange, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before deciding.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Lagrange, OH Solar Cost FAQs
What is the average cost of installing solar panels in Lagrange?
This is a difficult question to answer precisely, because the cost depends on a variety of 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. 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 want a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Does Lagrange have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can 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 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.