Solar Panel Cost Guide in Marysville, OH (2023 Update)
- Marysville Solar Installation Cost: $13,601
- 25-Year Savings: $14,956
- Payback Period: 11.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Marysville
Here's how much it might cost to install solar panels in Marysville.
While the national average of solar panels is $2.66 per watt, solar panels in Marysville generally cost around 2.56. To account for the typical energy needs of the average home in Marysville, most homeowners require a 7.6-kilowatt system. Using the figure above, a solar installation costs about $13,601, or $19,449 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 solar panels. The actual cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with. With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Marysville find installing solar panels has a decent ROI.
To receive a free quote from a highly rated solar installation company in Marysville, you can click the button below.
Solar savings over time in Marysville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,459 |
| 3 years | $-10,174 |
| 5 years | $-7,890 |
| 7 years | $-5,605 |
| 9 years | $-3,320 |
| 11 years | $-1,036 |
| 13 years | $1,249 |
| 15 years | $3,533 |
| 17 years | $5,818 |
| 19 years | $8,103 |
| 21 years | $10,387 |
| 23 years | $12,672 |
| 25 years | $14,956 |
Top Solar Installers in Marysville
Although you can install solar panels yourself, it requires extra energy and expertise. That's one of the reasons most people choose to go with a solar panel installer. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for your family.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some 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 Marysville
Factors that Affect Solar Panel Costs in Marysville
There are a number of criteria that can affect your 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
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,560. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Marysville to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time due to interest. Even though solar loans make switching to solar energy more accessible for Marysville homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installation company you pick will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Marysville know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $11,386 | 12.4 years |
| 8 kW | $2.61 | $14,623 | $15,469 | 12.1 years |
| 10 kW | $2.56 | $17,920 | $19,694 | 11.9 years |
| 12 kW | $2.51 | $21,074 | $24,063 | 11.7 years |
| 14 kW | $2.46 | $24,084 | $28,576 | 11.4 years |
| 16 kW | $2.41 | $26,952 | $33,231 | 11.2 years |
| 18 kW | $2.36 | $29,676 | $38,030 | 11.0 years |
| 20 kW | $2.30 | $32,256 | $42,973 | 10.7 years |
How to Save on Solar Panels
The solar panel company you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
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 Marysville, OH Solar Cost FAQs
What is the average cost of installing solar panels in Marysville?
The average cost of solar panels in Marysville 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 things such as 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 definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Marysville?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.