Solar Panel Cost Guide in Lake Darby, OH (Feb 2023)
- Lake Darby Solar Installation Cost: $13,530
- 25-Year Savings: $15,223
- Payback Period: 11.8 Years
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Top Solar Installers in Lake Darby
Many homeowners choose to use a solar panel installer since figuring out how to install solar panels by yourself can be a lot of work. Companies can also have access to quality options of the best solar panels and help you choose which one will be right for you.
If you're searching for a solar company in Lake Darby, the EcoWatch team has compiled a list of our top suggestions here:
See all of the solar companies in Lake Darby
Factors that Affect Solar Panel Costs in Lake Darby
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Lake Darby: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
When it comes to estimating the cost of a solar system in Lake Darby, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Lake Darby average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Lake Darby homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies in Lake Darby, and each can charge varying amounts for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. 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 fit into 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||$11,677||12.2 years|
|8 kW||$2.61||$14,623||$15,856||12.0 years|
|10 kW||$2.56||$17,920||$20,179||11.8 years|
|12 kW||$2.51||$21,074||$24,645||11.5 years|
|14 kW||$2.46||$24,084||$29,254||11.3 years|
|16 kW||$2.41||$26,952||$34,007||11.1 years|
|18 kW||$2.36||$29,676||$38,903||10.8 years|
|20 kW||$2.30||$32,256||$43,942||10.6 years|
How to Save on Solar Panels
The solar company you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Contract: Though reading through a contract can take a lot of time, 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.
- 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 installer, such as what permits you should acquire and how long the project will take.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
EcoWatch's Lake Darby, OH Solar Cost FAQs
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.