Solar Panel Cost Guide in Martins Ferry, OH (2025 Update)
- Martins Ferry Solar Installation Cost: $18,453
- 25-Year Savings: $16,413
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Martins Ferry
Find out what the average cost of installing solar panels is in Martins Ferry.
In Martins Ferry, solar panels cost about 3 per watt on average.Because a 7.7-kW system is needed to cover the energy needs of a typical home in Martins Ferry, the average price of going solar will be about $18,453 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average energy use of Martins Ferry homeowners. The cost 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 average savings of about $15,000 on energy bills over 20 years, many homeowners in Martins Ferry find investing in solar has a decent ROI.
To receive a free quote from a vetted solar installation company in Martins Ferry, you can click the button below.
Solar savings over time in Martins Ferry
| Year | Return on Investment |
|---|---|
| 1 years | $-17,121 |
| 3 years | $-14,457 |
| 5 years | $-11,793 |
| 7 years | $-9,129 |
| 9 years | $-6,465 |
| 11 years | $-3,801 |
| 13 years | $-1,137 |
| 15 years | $1,527 |
| 17 years | $4,191 |
| 19 years | $6,855 |
| 21 years | $9,519 |
| 23 years | $12,183 |
| 25 years | $14,847 |
Top Solar Installers in Martins Ferry
Installing solar panels on your own can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. Another good thing about using a vetted solar installer is that it'll provide warranties and free repairs, which help protect your investment.
If you’d like to start using solar energy but still aren’t sure which solar system installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Martins Ferry
Factors that Affect Solar Panel Costs in Martins Ferry
The cost of installing a solar system in Martins Ferry can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $3,410 per kilowatt in Martins Ferry.The model of solar panels and equipment you want is another factor that will largely affect 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 make decisions 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 searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Martins Ferry, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Martins Ferry, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.The company’s size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $8,595 | 15.9 years |
| 8 kW | $3.48 | $19,478 | $11,842 | 15.5 years |
| 10 kW | $3.41 | $23,870 | $15,280 | 15.2 years |
| 12 kW | $3.34 | $28,071 | $18,909 | 14.9 years |
| 14 kW | $3.27 | $32,081 | $22,729 | 14.6 years |
| 16 kW | $3.21 | $35,900 | $26,740 | 14.3 years |
| 18 kW | $3.14 | $39,529 | $30,942 | 14.0 years |
| 20 kW | $3.07 | $42,966 | $35,334 | 13.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: The brand of solar panel you need plays a part in which company you should go with, since different companies offer different panels.
- Reputation: Companies that have been in business for many years likely have a solid 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 service, such as part repairs and replacements.
- Contract: When reading through your solar company’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 part breaking or the company going out of business.
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project timeline.
EcoWatch's Martins Ferry, OH Solar Cost FAQs
How much does it cost to install solar panels in Martins Ferry?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Martins Ferry, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 install 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.