Solar Panel Cost Guide in Marlboro, OH (Jan 2023)
- Marlboro Solar Installation Cost: $13,942
- 25-Year Savings: $13,115
- Payback Period: 12.9 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Marlboro
Find out what the average cost of solar panel installation is in Marlboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Marlboro, the typical cost of solar panels is $3 per watt. To account for the typical energy needs of the average home in Marlboro, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $13,942, or $10,317 after the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Marlboro homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $13,000 on electricity bills over 20 years, many homeowners in Marlboro find installing solar panels can pay off big.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Marlboro
| Year | Return on Investment |
|---|---|
| 1 years | $-12,859 |
| 3 years | $-10,695 |
| 5 years | $-8,530 |
| 7 years | $-6,366 |
| 9 years | $-4,201 |
| 11 years | $-2,037 |
| 13 years | $128 |
| 15 years | $2,292 |
| 17 years | $4,457 |
| 19 years | $6,622 |
| 21 years | $8,786 |
| 23 years | $10,951 |
| 25 years | $13,115 |
Top Solar Installers in Marlboro
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make swapping over to solar power much easier. Another perk of going with a solar company is that they can help you optimize your investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you'd like to go solar but still aren't sure which solar panel installer to go with, here are our recommendations for providers nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Marlboro
Factors that Affect Solar Panel Costs in Marlboro
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Marlboro: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,560. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Marlboro average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. 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 find a company that has the products, warranties and services you're looking for and also fit into 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 | $2.66 | $11,182 | $9,693 | 13.4 years |
| 8 kW | $2.61 | $14,623 | $13,211 | 13.1 years |
| 10 kW | $2.56 | $17,920 | $16,872 | 12.9 years |
| 12 kW | $2.51 | $21,074 | $20,676 | 12.6 years |
| 14 kW | $2.46 | $24,084 | $24,624 | 12.4 years |
| 16 kW | $2.41 | $26,952 | $28,715 | 12.1 years |
| 18 kW | $2.36 | $29,676 | $32,950 | 11.8 years |
| 20 kW | $2.30 | $32,256 | $37,327 | 11.6 years |
How to Save on Solar Panels
There are many companies available in Marlboro, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Marlboro, OH Solar Cost FAQs
How much does it cost to install solar panels in Marlboro?
The average cost of solar panels in Marlboro is about $12,800 for a 5-kW system and $25,600 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 consume.
Should I lease or buy solar panels in Marlboro?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is it worth going solar in Marlboro?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels 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 typically produce about 250 to 400 watt-hours per hour, the average household 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.