Solar Panel Cost Guide in Macedonia, OH (Oct 2022)

  • Macedonia Solar Installation Cost: $13,996
  • 25-Year Savings: $13,797
  • Payback Period: 12.6 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Macedonia

Find out what the average cost of solar panels are in Macedonia.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Macedonia, the average cost of solar panels is $3 per watt. The average Macedonia homeowner needs a 7.8-kilowatt system, which would cost about $13,996, or $10,357 after the federal solar tax credit of 30% is applied.

These figures are just estimates, and your own solar costs will most likely vary based on factors unique to your home and what company you want to go with. But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $14,000 over 20 years on power bills.

For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Macedonia

Year Return on Investment
1 years $-12,884
3 years $-10,660
5 years $-8,437
7 years $-6,213
9 years $-3,990
11 years $-1,767
13 years $457
15 years $2,680
17 years $4,904
19 years $7,127
21 years $9,351
23 years $11,574
25 years $13,797

Top Solar Installers in Macedonia

When switching to solar energy, many homeowners decide to use a solar company since installing a solar system yourself can be a challenging project. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.

If you're looking for a solar installer in Macedonia, the EcoWatch team has compiled a list of our top suggestions here:

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 (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Macedonia

Factors that Affect Solar Panel Costs in Macedonia

The cost of installing a solar system in Macedonia can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment Size

When it comes to estimating the price of a solar energy system in Macedonia, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Macedonia homeowners choose to finance their solar panel systems to make going solar more affordable. Though solar loans make switching to solar energy more accessible for Macedonia homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

The final key cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Macedonia, you'll have many options to choose from, but each comes at different price points for labor and equipment. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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 $2.66 $11,182 $10,161 13.1 years
8 kW $2.61 $14,623 $13,835 12.8 years
10 kW $2.56 $17,920 $17,652 12.6 years
12 kW $2.51 $21,074 $21,613 12.3 years
14 kW $2.46 $24,084 $25,717 12.1 years
16 kW $2.41 $26,952 $29,964 11.8 years
18 kW $2.36 $29,676 $34,354 11.6 years
20 kW $2.30 $32,256 $38,888 11.3 years

Solar Incentives in Macedonia

Name Hamilton County - Home Improvement Program
Incentive Amount $50,000
Website Visit here
More Info Click here

Name Local Option - Special Energy Improvement Districts
More Info Click here

Name Energy Conservation for Ohioans (ECO-Link) Program
Website Visit here
More Info Click here

Name Solar Renewable Energy Certificates Program (SRECs)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

Since the type of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
  • Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
  • Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.

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 (coming 2022)

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Macedonia, OH Solar Cost FAQs

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

The average cost of solar panels in Macedonia 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 type of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Macedonia?

You can't get solar panels for free in Macedonia. 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 want to own your solar panels, you can finance them with a solar loan.

Does Macedonia have a net metering program?

Most states have net metering programs of some kind. Through these, you can be compensated 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 often do you have to replace solar panels?

On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.

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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