Solar Panel Cost Guide in Macedonia, OH (2025 Update)
- Macedonia Solar Installation Cost: $18,650
- 25-Year Savings: $13,792
- Payback Period: 16.8 Years
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Average Cost of Solar Panels in Macedonia
Find out how much it might cost to switch to solar power in Macedonia.
The national average cost of solar panels is $2.66 per watt, but in Macedonia it’s 3 per watt.Using this figure, a typical 7.8-kW system would cost about $18,650 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what company you go with.Even with the significant initial cost, the average Macedonia homeowner can save about $14,000 on their energy bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Macedonia for a quote for your home.
Solar savings over time in Macedonia
| Year | Return on Investment |
|---|---|
| 1 years | $-17,396 |
| 3 years | $-14,888 |
| 5 years | $-12,381 |
| 7 years | $-9,873 |
| 9 years | $-7,365 |
| 11 years | $-4,858 |
| 13 years | $-2,350 |
| 15 years | $157 |
| 17 years | $2,665 |
| 19 years | $5,173 |
| 21 years | $7,680 |
| 23 years | $10,188 |
| 25 years | $12,695 |
Top Solar Installers in Macedonia
Although you can install solar panels on your own, it requires extra energy and knowledge. Because of that, most people choose to hire a solar panel installer. The expertise that solar companies offer can be useful as well, particularly if you don’t quite know what brand of solar equipment would be right for your home.
If you’d like to go solar but still aren’t certain which solar company to go with, here are our recommendations for providers near you:
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 dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Macedonia, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $3,410 for each additional kilowatt you need.There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that offer higher 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Macedonia to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time because of interest.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $6,448 | 17.4 years |
| 8 kW | $3.48 | $19,478 | $8,980 | 17.1 years |
| 10 kW | $3.41 | $23,870 | $11,702 | 16.8 years |
| 12 kW | $3.34 | $28,071 | $14,615 | 16.4 years |
| 14 kW | $3.27 | $32,081 | $17,720 | 16.1 years |
| 16 kW | $3.21 | $35,900 | $21,015 | 15.8 years |
| 18 kW | $3.14 | $39,529 | $24,501 | 15.4 years |
| 20 kW | $3.07 | $42,966 | $28,178 | 15.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 $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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
How will installing solar panels impact how much my home is worth?
Solar panels can increase your property’s value remarkably 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% after installing a solar system."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.