Solar Panel Cost Guide in Macedonia, OH (2023 Update)
- Macedonia Solar Installation Cost: $14,001
- 25-Year Savings: $13,792
- Payback Period: 12.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Macedonia
Let's have a look at the average cost of solar panels 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 2.56 per watt. To account for the typical energy usage of the average home in Macedonia, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,996, or $20,014 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of equipment you want, your solar contractor and more. With typical savings of about $14,000 on utility bills over 20 years, many homeowners in Macedonia find investing in solar has a decent ROI.
Click the button below to get connected to a top solar company in Macedonia for a customized estimate.
Solar savings over time in Macedonia
| Year | Return on Investment |
|---|---|
| 1 years | $-12,747 |
| 3 years | $-10,240 |
| 5 years | $-7,732 |
| 7 years | $-5,224 |
| 9 years | $-2,717 |
| 11 years | $-209 |
| 13 years | $2,299 |
| 15 years | $4,806 |
| 17 years | $7,314 |
| 19 years | $9,821 |
| 21 years | $12,329 |
| 23 years | $14,837 |
| 25 years | $17,344 |
Top Solar Installers in Macedonia
When going solar, many homeowners decide to go with a solar installation company since handling can be a difficult project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Macedonia:
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 Macedonia
Factors that Affect Solar Panel Costs in Macedonia
Although the average cost of a solar system in Macedonia is $13,996, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar 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 mainly based on your home's energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are offered by most installers in Macedonia, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your all-in costs, so it's important to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can play a part in determining the cost. Macedonia's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $10,161 | 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 |
How to Save on Solar Panels
The solar company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Macedonia, OH Solar Cost FAQs
What is the average cost of installing solar panels in Macedonia?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Macedonia?
You can't get solar panels for free in Macedonia. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Macedonia?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.
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.