Solar Panel Cost Guide in Maumee, OH (2024 Update)
- Maumee Solar Installation Cost: $18,269
- 25-Year Savings: $14,416
- Payback Period: 16.2 Years
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Average Cost of Solar Panels in Maumee
Let’s take a look at the average cost of solar panels in Maumee.
In Maumee, solar panels cost about 3 per watt on average.The average solar panel system size in Maumee is around 7.7 kilowatts, meaning a cost of about $18,269 for a solar installation, or $26,125 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Maumee homeowner. 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.For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $14,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized quote.
Solar savings over time in Maumee
| Year | Return on Investment |
|---|---|
| 1 years | $-16,972 |
| 3 years | $-14,377 |
| 5 years | $-11,782 |
| 7 years | $-9,188 |
| 9 years | $-6,593 |
| 11 years | $-3,999 |
| 13 years | $-1,404 |
| 15 years | $1,190 |
| 17 years | $3,785 |
| 19 years | $6,380 |
| 21 years | $8,974 |
| 23 years | $11,569 |
| 25 years | $14,163 |
Top Solar Installers in Maumee
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make your switch to solar power much easier. The payback period of solar panels will vary depending on factors like your location and energy use, but going with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
If you're looking for a solar installer in Maumee, we've put together a list of our top suggestions here:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Maumee
Factors that Affect Solar Panel Costs in Maumee
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Maumee: 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, you can expect your total to increase by around $3,410. The type 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. On the other hand, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Maumee average.
Solar Financing Terms
Many homeowners find the average cost of solar in Maumee to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Maumee, and each can charge varying amounts for labor and equipment.Additionally, some companies in Maumee know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, 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 | $3.55 | $14,895 | $7,158 | 16.9 years |
| 8 kW | $3.48 | $19,478 | $9,927 | 16.6 years |
| 10 kW | $3.41 | $23,870 | $12,886 | 16.2 years |
| 12 kW | $3.34 | $28,071 | $16,036 | 15.9 years |
| 14 kW | $3.27 | $32,081 | $19,377 | 15.6 years |
| 16 kW | $3.21 | $35,900 | $22,908 | 15.3 years |
| 18 kW | $3.14 | $39,529 | $26,631 | 14.9 years |
| 20 kW | $3.07 | $42,966 | $30,545 | 14.6 years |
How to Save on Solar Panels
Since the type of solar panels and the company 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 things to keep in mind to help with your decision:
- 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 installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: When making the switch to solar, it’s necessary to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
- Contract: Before signing a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
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 Maumee, OH Solar Cost FAQs
How much does it cost to install solar panels in Maumee?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Maumee?
You can’t get solar panels for free in Maumee. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Maumee?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Maumee?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.