Solar Panel Cost Guide in Marion, OH (2024 Update)
- Marion Solar Installation Cost: $18,375
- 25-Year Savings: $15,445
- Payback Period: 15.7 Years
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Average Cost of Solar Panels in Marion
Find out what the average cost of a solar system is in Marion.
Although the national average of solar panels is $2.66 per watt, solar panels in Marion generally cost around 3.Since a 7.7-kW system is needed to cover the energy costs of a typical home in Marion, the average price of going solar will be about $18,375 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.With average savings of about $14,000 on utility bills over 20 years, many homeowners in Marion find investing in solar has a decent ROI.
Click the button below to get connected to a highly rated solar panel company in your area for a customized quote.
Solar savings over time in Marion
| Year | Return on Investment |
|---|---|
| 1 years | $-17,154 |
| 3 years | $-14,714 |
| 5 years | $-12,273 |
| 7 years | $-9,833 |
| 9 years | $-7,393 |
| 11 years | $-4,952 |
| 13 years | $-2,512 |
| 15 years | $-71 |
| 17 years | $2,369 |
| 19 years | $4,810 |
| 21 years | $7,250 |
| 23 years | $9,691 |
| 25 years | $12,131 |
Top Solar Installers in Marion
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring an installer can make converting to solar power much easier. The expertise that solar installers provide can be invaluable as well, particularly if you aren’t sure what kind of solar equipment you need.
If you're looking for a solar installer in Marion, the EcoWatch team has put together a list of our top suggestions here:
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Marion
Factors that Affect Solar Panel Costs in Marion
There are a number of criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of solar panels in Marion, 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 usage, which you can determine by looking at past power bills. Your total cost can increase by around $3,410 for each additional kilowatt you need.The type of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Marion homeowners decide to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your total costs, so it’s crucial to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Marion, and each can charge varying amounts for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $3.55 | $14,895 | $7,896 | 16.3 years |
| 8 kW | $3.48 | $19,478 | $10,910 | 16.0 years |
| 10 kW | $3.41 | $23,870 | $14,114 | 15.7 years |
| 12 kW | $3.34 | $28,071 | $17,510 | 15.4 years |
| 14 kW | $3.27 | $32,081 | $21,097 | 15.1 years |
| 16 kW | $3.21 | $35,900 | $24,875 | 14.8 years |
| 18 kW | $3.14 | $39,529 | $28,843 | 14.5 years |
| 20 kW | $3.07 | $42,966 | $33,003 | 14.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
Best National Provider
SunPower
- 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
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Marion, OH Solar Cost FAQs
How much does it cost to install solar panels in Marion?
The average cost of solar panels in Marion 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 kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Marion have a net metering program?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.