Solar Panel Cost Guide in Mead, OH (2025 Update)
- Mead Solar Installation Cost: $18,453
- 25-Year Savings: $16,413
- Payback Period: 15.2 Years
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Average Cost of Solar Panels in Mead
Let’s take a look at the average cost of solar panels in Mead.
While the national average of solar panels is $2.66 per watt, solar panels in Mead typically cost about 3.Using this figure, a typical 7.7-kW system would cost about $18,453 before the 0 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 actual cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy consumption and what company you go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is quite good, with a net average savings of about $15,000 over 20 years on electricity bills.
To receive a free quote from a top solar installation company in Mead, you can click the button below.
Solar savings over time in Mead
| Year | Return on Investment |
|---|---|
| 1 years | $-17,121 |
| 3 years | $-14,457 |
| 5 years | $-11,793 |
| 7 years | $-9,129 |
| 9 years | $-6,465 |
| 11 years | $-3,801 |
| 13 years | $-1,137 |
| 15 years | $1,527 |
| 17 years | $4,191 |
| 19 years | $6,855 |
| 21 years | $9,519 |
| 23 years | $12,183 |
| 25 years | $14,847 |
Top Solar Installers in Mead
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Using a solar panel installer can make converting to solar power much easier. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:
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 Mead
Factors that Affect Solar Panel Costs in Mead
There are several 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 performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $3,410 per kilowatt in Mead.The type of solar panels and equipment you choose is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Mead offer solar loans, which reduce your upfront costs of installing solar.Although solar loans make switching to solar energy more accessible for Mead 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 put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the growing popularity of sustainable energy solutions in Mead, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $8,595 | 15.9 years |
| 8 kW | $3.48 | $19,478 | $11,842 | 15.5 years |
| 10 kW | $3.41 | $23,870 | $15,280 | 15.2 years |
| 12 kW | $3.34 | $28,071 | $18,909 | 14.9 years |
| 14 kW | $3.27 | $32,081 | $22,729 | 14.6 years |
| 16 kW | $3.21 | $35,900 | $26,740 | 14.3 years |
| 18 kW | $3.14 | $39,529 | $30,942 | 14.0 years |
| 20 kW | $3.07 | $42,966 | $35,334 | 13.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mead, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mead?
The average cost of solar panels in Mead is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Mead?
You can’t get solar panels for free in Mead. 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 Mead?
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 many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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 get between 20 and 35 panels to cover 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.