Solar Panel Cost Guide in Marysville, OH (2024 Update)
- Marysville Solar Installation Cost: $18,123
- 25-Year Savings: $14,953
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Marysville
Let’s take a look at the average cost of solar panels in Marysville.
The national average cost of solar panels is $2.66 per watt, but in Marysville it’s 3 per watt.To cover the typical energy needs of the average home in Marysville, most homeowners require a 7.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,123, or $25,916 before the federal solar tax credit of 0 is applied.
How much you pay can be above or below the average in Marysville based on several factors, such as the brand of solar panels you choose and the solar contractor you hire.With typical savings of about $14,000 on utility bills over 20 years, many homeowners in Marysville find installing solar panels can pay off big.
Click the button below to get connected to a top solar panel company in your area for a personalized estimate.
Solar savings over time in Marysville
| Year | Return on Investment |
|---|---|
| 1 years | $-17,104 |
| 3 years | $-15,068 |
| 5 years | $-13,031 |
| 7 years | $-10,995 |
| 9 years | $-8,958 |
| 11 years | $-6,921 |
| 13 years | $-4,885 |
| 15 years | $-2,848 |
| 17 years | $-812 |
| 19 years | $1,225 |
| 21 years | $3,262 |
| 23 years | $5,298 |
| 25 years | $7,335 |
Top Solar Installers in Marysville
Installing solar panels on your own can be a time-consuming undertaking, which is why getting a solar installer is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers 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 Marysville
Factors that Affect Solar Panel Costs in Marysville
For many Marysville homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Marysville, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Marysville.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Marysville, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.While solar loans make adopting solar energy more accessible for Marysville 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 avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Marysville, and each can charge different amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $3.55 | $14,895 | $7,674 | 16.5 years |
| 8 kW | $3.48 | $19,478 | $10,613 | 16.2 years |
| 10 kW | $3.41 | $23,870 | $13,744 | 15.9 years |
| 12 kW | $3.34 | $28,071 | $17,066 | 15.5 years |
| 14 kW | $3.27 | $32,081 | $20,579 | 15.2 years |
| 16 kW | $3.21 | $35,900 | $24,282 | 14.9 years |
| 18 kW | $3.14 | $39,529 | $28,177 | 14.6 years |
| 20 kW | $3.07 | $42,966 | $32,263 | 14.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Marysville, OH Solar Cost FAQs
How much does it cost to install solar panels in Marysville?
The average cost of solar panels in Marysville is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind 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 consider are the quality and durability of your solar panels.
How much can I save on energy bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Marysville, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels 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 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.