Solar Panel Cost Guide in Maumee, OH (2023 Update)
- Maumee Solar Installation Cost: $13,709
- 25-Year Savings: $14,422
- Payback Period: 12.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Maumee
Let's have a look at the average cost of solar panels in Maumee.
While the national average of solar panels is $2.66 per watt, solar panels in Maumee generally cost about 2.56. Using this figure, a typical 7.7-kW system would cost about $13,709 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. Despite the high upfront cost, the average Maumee homeowner can save around $14,000 on their power bills over 20 years, which is one of the perks of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Maumee
| Year | Return on Investment |
|---|---|
| 1 years | $-12,584 |
| 3 years | $-10,333 |
| 5 years | $-8,083 |
| 7 years | $-5,832 |
| 9 years | $-3,582 |
| 11 years | $-1,331 |
| 13 years | $919 |
| 15 years | $3,170 |
| 17 years | $5,420 |
| 19 years | $7,671 |
| 21 years | $9,921 |
| 23 years | $12,172 |
| 25 years | $14,422 |
Top Solar Installers in Maumee
Installing solar panels yourself can be a difficult project, which is why using a solar installer is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for your family.
You can get a free quote from a local solar installer on how much solar panels could cost 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
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Maumee
Factors that Affect Solar Panel Costs in Maumee
The cost of installing a solar system in Maumee can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,560. There are a lot of different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Maumee to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Maumee, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. The company's size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $2.66 | $11,182 | $10,871 | 12.7 years |
| 8 kW | $2.61 | $14,623 | $14,782 | 12.4 years |
| 10 kW | $2.56 | $17,920 | $18,836 | 12.2 years |
| 12 kW | $2.51 | $21,074 | $23,033 | 11.9 years |
| 14 kW | $2.46 | $24,084 | $27,373 | 11.7 years |
| 16 kW | $2.41 | $26,952 | $31,857 | 11.5 years |
| 18 kW | $2.36 | $29,676 | $36,485 | 11.2 years |
| 20 kW | $2.30 | $32,256 | $41,255 | 11.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Long-standing companies 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 adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Contract: Look through the contract terms closely to make sure you understand the overall cost, project timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Maumee, OH Solar Cost FAQs
How much does it cost to install solar panels in Maumee?
The average cost of solar panels in Maumee is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Maumee?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels completely eradicate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Maumee, that will require at least a 10-kW system. Not all homes 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 usage and the average daily 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.
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.