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.
The national average cost of solar panels is $2.66 per watt, but in Maumee it’s 3 per watt.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.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary based on a few factors, such as what size system you need, your energy usage and what installation company you go with.Even with the high initial cost, the average Maumee homeowner can save about $14,000 on their energy bills over 20 years, which is one of the advantages of solar.
To receive a free quote from a highly rated solar company in Maumee, you can click the button below.
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
Many homeowners choose to use a solar panel company since trying to install solar panels yourself can be a labor-intensive endeavor. Also, if you’d like to maximize your investment in solar energy, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to switch to solar energy but still aren’t certain which solar system installer to go with, here are our recommendations for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Maumee
Factors that Affect Solar Panel Costs in Maumee
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the cost of a solar system in Maumee, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by around $3,410 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Maumee provide solar loans, which reduce your upfront costs of installing solar.When figuring 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
A final consideration when trying to figure out the cost of solar for your home or business in Maumee is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, you’ll have many options for solar installers that provide a range of services for different budgets.Larger national companies typically have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $7,158 | 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 model of solar panels and the installation 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 tips to keep in mind to help with your decision:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Maumee, OH Solar Cost FAQs
What is the average cost of installing solar panels in Maumee?
The average cost of solar panels in Maumee 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Maumee?
Solar panels aren’t free in Maumee, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.