Solar Panel Cost Guide in Liberty, OH (2023 Update)
- Liberty Solar Installation Cost: $13,315
- 25-Year Savings: $13,468
- Payback Period: 12.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Liberty
We break down average solar pricing in Liberty.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Liberty, the average cost of solar panels is 2.56 per watt. To cover the typical energy needs of the average home in Liberty, most homeowners require a 7.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $13,315, or $19,040 before the federal solar tax credit of 30% is applied.
How much you pay can be higher or lower than the average in Liberty depending on a variety of factors, such as the kind of solar panels you choose and the solar company you hire. But, once you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $14,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Liberty
| Year | Return on Investment |
|---|---|
| 1 years | $-12,243 |
| 3 years | $-10,101 |
| 5 years | $-7,958 |
| 7 years | $-5,816 |
| 9 years | $-3,673 |
| 11 years | $-1,530 |
| 13 years | $612 |
| 15 years | $2,755 |
| 17 years | $4,897 |
| 19 years | $7,040 |
| 21 years | $9,183 |
| 23 years | $11,325 |
| 25 years | $13,468 |
Top Solar Installers in Liberty
Putting up solar panels yourself can be a challenging project, which is why hiring a solar installer is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our recommendations for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Liberty
Factors that Affect Solar Panel Costs in Liberty
The cost of installing a solar system in Liberty can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, 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 around $2,560. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Liberty average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Liberty, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to factor 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 back the loan.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Liberty, you'll have many options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $10,431 | 12.9 years |
| 8 kW | $2.61 | $14,623 | $14,195 | 12.7 years |
| 10 kW | $2.56 | $17,920 | $18,102 | 12.4 years |
| 12 kW | $2.51 | $21,074 | $22,153 | 12.2 years |
| 14 kW | $2.46 | $24,084 | $26,346 | 11.9 years |
| 16 kW | $2.41 | $26,952 | $30,684 | 11.7 years |
| 18 kW | $2.36 | $29,676 | $35,164 | 11.4 years |
| 20 kW | $2.30 | $32,256 | $39,788 | 11.2 years |
How to Save on Solar Panels
The solar company you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Liberty, OH Solar Cost FAQs
What is the average cost of installing solar panels in Liberty?
The average cost of solar panels in Liberty is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $720.44 per year.
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 choose 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.