Solar Panel Cost Guide in Marlboro, OH (2023 Update)
- Marlboro Solar Installation Cost: $13,936
- 25-Year Savings: $13,121
- Payback Period: 12.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Marlboro
Find out what the average cost of a solar system is in Marlboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Marlboro, the average cost of a solar system is 2.56 per watt. To cover the typical energy usage 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 $19,937 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what company you go with. Despite the significant initial cost, the average Marlboro homeowner can save around $13,000 on their energy bills over 20 years, which is one of the positives of solar.
To receive a free quote from a pre-vetted solar installer in Marlboro, you can click the button below.
Solar savings over time in Marlboro
| Year | Return on Investment |
|---|---|
| 1 years | $-13,846 |
| 3 years | $-13,665 |
| 5 years | $-13,485 |
| 7 years | $-13,305 |
| 9 years | $-13,124 |
| 11 years | $-12,944 |
| 13 years | $-12,764 |
| 15 years | $-12,583 |
| 17 years | $-12,403 |
| 19 years | $-12,222 |
| 21 years | $-12,042 |
| 23 years | $-11,862 |
| 25 years | $-11,681 |
Top Solar Installers in Marlboro
Trying to put up solar panels by yourself can be a challenging project, which is why using a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you better understand incentives in Marlboro, thereby optimizing your ROI.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Marlboro
Factors that Affect Solar Panel Costs in Marlboro
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in Marlboro: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,560. The model of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to consider 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 into a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Marlboro to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to higher prices over time because of interest. Even though solar loans make switching to solar energy more accessible for Marlboro homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Marlboro, you'll have plenty of options to choose from, but each comes at different price points for labor and 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 | $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 solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- 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 large role in the company you opt for.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Marlboro, OH Solar Cost FAQs
What is the average cost of installing 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 real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Marlboro?
Solar panels aren't free in Marlboro, 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.
Does Marlboro have a net metering program?
The majority of 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 electricity 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?
To figure out what solar panel system size 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 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.