Solar Panel Cost Guide in Lanier, OH (2025 Update)
- Lanier Solar Installation Cost: $17,768
- 25-Year Savings: $14,687
- Payback Period: 15.8 Years
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Average Cost of Solar Panels in Lanier
Find out what the average cost of installing solar panels is in Lanier.
The national average cost of solar panels is $2.66 per watt, but in Lanier it’s 3 per watt.Because a 7.4-kW system is needed to cover the energy usage of a typical home in Lanier, the average price of going solar will be about $17,768 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $14,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar installer in Lanier for a quote for your home.
Solar savings over time in Lanier
| Year | Return on Investment |
|---|---|
| 1 years | $-16,750 |
| 3 years | $-14,713 |
| 5 years | $-12,677 |
| 7 years | $-10,640 |
| 9 years | $-8,604 |
| 11 years | $-6,567 |
| 13 years | $-4,530 |
| 15 years | $-2,494 |
| 17 years | $-457 |
| 19 years | $1,579 |
| 21 years | $3,616 |
| 23 years | $5,653 |
| 25 years | $7,689 |
Top Solar Installers in Lanier
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Since solar panels are exposed to rain, snow, hail and wind, depending on the climate, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to start using solar energy but still aren’t sure which solar panel installer to go with, here are our suggestions for providers near you:
See all of the solar companies in Lanier
Factors that Affect Solar Panel Costs in Lanier
For many Lanier 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 Lanier, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,410.The kind 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. However, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Lanier average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Lanier, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Lanier, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $7,695 | 16.5 years |
| 8 kW | $3.48 | $19,478 | $10,642 | 16.2 years |
| 10 kW | $3.41 | $23,870 | $13,780 | 15.8 years |
| 12 kW | $3.34 | $28,071 | $17,109 | 15.5 years |
| 14 kW | $3.27 | $32,081 | $20,629 | 15.2 years |
| 16 kW | $3.21 | $35,900 | $24,340 | 14.9 years |
| 18 kW | $3.14 | $39,529 | $28,242 | 14.6 years |
| 20 kW | $3.07 | $42,966 | $32,335 | 14.3 years |
How to Save on Solar Panels
There are a lot of companies available in Lanier, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It’s important to look over your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
EcoWatch's Lanier, OH Solar Cost FAQs
How much does it cost to install solar panels in Lanier?
This is a hard question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Lanier?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Lanier?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.