Solar Panel Cost Guide in Landen, OH (2024 Update)
- Landen Solar Installation Cost: $17,751
- 25-Year Savings: $10,863
- Payback Period: 18.3 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Landen
Let’s take a look at the average cost of solar panels in Landen.
While the national average of solar panels is $2.66 per watt, solar panels in Landen typically cost about 3.The average Landen homeowner needs a 7.4-kilowatt system, which would cost about $17,751 with the federal tax credit, or $25,384 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy usage and what installation company you go with.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Landen see about $12,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Landen
Year | Return on Investment |
---|---|
1 years | $-16,586 |
3 years | $-14,256 |
5 years | $-11,926 |
7 years | $-9,596 |
9 years | $-7,266 |
11 years | $-4,936 |
13 years | $-2,606 |
15 years | $-276 |
17 years | $2,054 |
19 years | $4,384 |
21 years | $6,714 |
23 years | $9,044 |
25 years | $11,374 |
Top Solar Installers in Landen
Although it's possible to install solar panels yourself, it requires extra time and knowledge. That's why the majority of homeowners choose to hire a solar panel installer. Another great thing about going with a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- 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 Landen
Factors that Affect Solar Panel Costs in Landen
The cost of installing a solar system in Landen can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,410. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Landen, 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
Most solar installers in Landen offer solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your overall costs, so it’s vital to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Landen is the company you get to install your solar system. As with choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that provide a range of services at different costs.Additionally, some companies in Landen know more 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 | $3.55 | $14,895 | $4,622 | 19.1 years |
8 kW | $3.48 | $19,478 | $6,544 | 18.7 years |
10 kW | $3.41 | $23,870 | $8,657 | 18.3 years |
12 kW | $3.34 | $28,071 | $10,962 | 18.0 years |
14 kW | $3.27 | $32,081 | $13,457 | 17.6 years |
16 kW | $3.21 | $35,900 | $16,143 | 17.2 years |
18 kW | $3.14 | $39,529 | $19,021 | 16.9 years |
20 kW | $3.07 | $42,966 | $22,089 | 16.5 years |
How to Save on Solar Panels
There are a large number of companies available in Landen, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a good reputation as a company and have proven 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 positive reviews from past customers.
- Installation Process: When making the switch to solar energy, it’s essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Landen, OH Solar Cost FAQs
What is the average cost of installing solar panels in Landen?
This is a difficult question to answer exactly, because the cost depends on a few different 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. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Landen?
A solar panel system isn’t free in Landen, but there are some options that can make getting them more affordable, 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 my home value?
Solar panels can increase your property’s value considerably 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% with a solar installation."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.