Solar Panel Cost Guide in Mad River, OH (2025 Update)
- Mad River Solar Installation Cost: $17,780
- 25-Year Savings: $12,326
- Payback Period: 17.3 Years
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Average Cost of Solar Panels in Mad River
Here’s how much it might cost to make the switch to solar in Mad River.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Mad River, the average cost of a solar system is 3 per watt.Since a 7.4-kW system is needed to cover the energy consumption of a typical home in Mad River, the average price of going solar will be about $17,780 after claiming the federal solar tax credit of 0.
These figures are just estimates, and the cost of going solar for you will most likely vary based on your energy needs and what company you want to go with.With typical savings of about $13,000 on power bills over 20 years, many homeowners in Mad River find installing solar panels can be quite rewarding.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in Mad River
| Year | Return on Investment |
|---|---|
| 1 years | $-16,704 |
| 3 years | $-14,552 |
| 5 years | $-12,400 |
| 7 years | $-10,248 |
| 9 years | $-8,096 |
| 11 years | $-5,944 |
| 13 years | $-3,792 |
| 15 years | $-1,640 |
| 17 years | $512 |
| 19 years | $2,664 |
| 21 years | $4,816 |
| 23 years | $6,968 |
| 25 years | $9,120 |
Top Solar Installers in Mad River
Although you can install solar panels yourself, it takes extra time and handiness. That's why most people choose to hire a solar panel installer. Also, if you’d like to maximize your investment in solar energy, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to go solar but still aren’t sure which solar system installer to go with, here are our recommendations for providers in Mad River:
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 Mad River
Factors that Affect Solar Panel Costs in Mad River
The cost of installing a solar system in Mad River can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also adds to your all-in costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a part in determining the cost. Mad River’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $5,786 | 18.0 years |
| 8 kW | $3.48 | $19,478 | $8,096 | 17.7 years |
| 10 kW | $3.41 | $23,870 | $10,598 | 17.3 years |
| 12 kW | $3.34 | $28,071 | $13,290 | 17.0 years |
| 14 kW | $3.27 | $32,081 | $16,173 | 16.6 years |
| 16 kW | $3.21 | $35,900 | $19,248 | 16.3 years |
| 18 kW | $3.14 | $39,529 | $22,513 | 15.9 years |
| 20 kW | $3.07 | $42,966 | $25,969 | 15.6 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Installation Process: Make sure you’re on the same page 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 your electrical system or roof.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mad River, OH Solar Cost FAQs
How much does it cost to install solar panels in Mad River?
The average cost of solar panels in Mad River is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Mad River?
Solar panels aren’t free in Mad River, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Mad River?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of 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.