Solar Panel Cost Guide in Lincoln Village, OH (2025 Update)
- Lincoln Village Solar Installation Cost: $18,014
- 25-Year Savings: $19,859
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Lincoln Village
Let’s have a look at the average cost of solar in Lincoln Village.
The average cost of solar panels in Lincoln Village is 3 per watt.Using this figure, a typical 7.5-kW system would cost about $18,014 before the 0 federal solar tax credit is applied.
How much you pay can go above or below the average in Lincoln Village based on several factors, such as the kind of solar panels you choose and the solar installer you hire.With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Lincoln Village find investing in solar can pay off big.
Click the button below to get connected to a reputable solar company in your area for a custom estimate.
Solar savings over time in Lincoln Village
| Year | Return on Investment |
|---|---|
| 1 years | $-16,785 |
| 3 years | $-14,328 |
| 5 years | $-11,870 |
| 7 years | $-9,413 |
| 9 years | $-6,956 |
| 11 years | $-4,498 |
| 13 years | $-2,041 |
| 15 years | $417 |
| 17 years | $2,874 |
| 19 years | $5,331 |
| 21 years | $7,789 |
| 23 years | $10,246 |
| 25 years | $12,704 |
Top Solar Installers in Lincoln Village
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make swapping over to solar power much easier. Another great thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Lincoln Village
Factors that Affect Solar Panel Costs in Lincoln Village
Though the average cost of a solar system in Lincoln Village is $18,014, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different 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 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 model of solar panels and equipment you choose is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Lincoln Village provide solar loans, which reduce your upfront costs of installing solar panels.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Lincoln Village is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $11,646 | 14.0 years |
| 8 kW | $3.48 | $19,478 | $15,910 | 13.8 years |
| 10 kW | $3.41 | $23,870 | $20,364 | 13.5 years |
| 12 kW | $3.34 | $28,071 | $25,010 | 13.2 years |
| 14 kW | $3.27 | $32,081 | $29,847 | 13.0 years |
| 16 kW | $3.21 | $35,900 | $34,874 | 12.7 years |
| 18 kW | $3.14 | $39,529 | $40,093 | 12.4 years |
| 20 kW | $3.07 | $42,966 | $45,503 | 12.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Contract: It’s important to read 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.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Warranty: If you’re worried about the endurance of your solar system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Lincoln Village, OH Solar Cost FAQs
What is the average cost of installing solar panels in Lincoln Village?
The average cost of solar panels in Lincoln Village 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Lincoln Village?
You can’t get solar panels for free in Lincoln Village. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Lincoln Village have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future electricity 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 Lincoln Village?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide 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.