Solar Panel Cost Guide in Lancaster, OH (2024 Update)

  • Lancaster Solar Installation Cost: $17,944
  • 25-Year Savings: $16,795
  • Payback Period: 14.8 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Lancaster

Let’s have a look at the average cost of solar panels in Lancaster.

The average cost of a solar panel system in Lancaster is 3 per watt.Since a 7.5-kW system is needed to cover the energy costs of a typical home in Lancaster, the average price of going solar will be about $17,944 after claiming the federal solar tax credit of 0.

The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of going solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on electricity bills.

To get a free quote from a vetted solar installation company in Lancaster, you can click the button below.

Solar savings over time in Lancaster

Year Return on Investment
1 years $-16,612
3 years $-13,948
5 years $-11,284
7 years $-8,620
9 years $-5,956
11 years $-3,292
13 years $-628
15 years $2,036
17 years $4,700
19 years $7,364
21 years $10,028
23 years $12,692
25 years $15,356

Top Solar Installers in Lancaster

Trying to install solar panels on your own can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Another good thing about choosing a top solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.

You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Lancaster:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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 Lancaster

Factors that Affect Solar Panel Costs in Lancaster

For many Lancaster homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Lancaster, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.There are a lot of different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

If paying for solar panels out of pocket is too expensive, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total 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 principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

A final factor to consider when trying to figure out the cost of solar for your home or business in Lancaster is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that provide a range of services at different costs.Additionally, some companies in Lancaster are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 $9,262 15.4 years
8 kW $3.48 $19,478 $12,731 15.1 years
10 kW $3.41 $23,870 $16,391 14.8 years
12 kW $3.34 $28,071 $20,242 14.5 years
14 kW $3.27 $32,081 $24,284 14.2 years
16 kW $3.21 $35,900 $28,517 13.9 years
18 kW $3.14 $39,529 $32,941 13.6 years
20 kW $3.07 $42,966 $37,556 13.3 years

How to Save on Solar Panels

Since the model of solar panels and the installation company you choose greatly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Installation Process: When making the switch to solar power, it’s necessary to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
  • 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 considerable role in the company you hire.
  • Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Warranty: If you’re worried about the endurance of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Lancaster, OH Solar Cost FAQs

What is the average cost of installing solar panels in Lancaster?

The average cost of solar panels in Lancaster 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Lancaster?

You can’t get solar panels for free in Lancaster. 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’d prefer to own your solar panels, you can finance them with a solar loan.

Is it worth going solar in Lancaster?

Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.

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 how much 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.

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