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.
In Marion, solar panels cost about 3 per watt on average.Because a 7.7-kW system is needed to cover the energy consumption 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 the cost of a solar panel system. The exact cost of going solar can vary depending on several factors, such as how many panels you need, your energy consumption and what company you go with.Many homeowners find installing a solar system is a sound investment. The average homeowner in Marion can save about $14,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar company in Marion 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
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Hiring an installer can make your swap to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 Marion
Factors that Affect Solar Panel Costs in Marion
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Marion: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the Marion average.
Solar Financing Terms
Most solar companies in Marion offer solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your total 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 putting more money down.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in Marion, and each can charge different amounts for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that offers the products, warranties and services you’re looking for and also fits within your budget.
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
The solar company you go with will influence 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 some important things you should keep in mind, including:
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which installer you should choose, since different companies have different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Contract: It’s important to read through your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- 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 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Marion?
The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces 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.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires 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 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.
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.