Solar Panel Cost Guide in Mechanic, OH (Mar 2023)
- Mechanic Solar Installation Cost: $13,798
- 25-Year Savings: $19,175
- Payback Period: 10.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Mechanic
See how much it might cost to go solar in Mechanic.
Although the national average of solar panels is $2.66 per watt, solar panels in Mechanic generally cost about 2.56. The average Mechanic homeowner needs a 7.7-kilowatt system, which would cost about $13,798 with the federal tax credit, or $19,731 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary depending on several factors, such as what size system you need, your energy usage and what installation company you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Mechanic can save around $16,000 on their energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Mechanic that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mechanic
| Year | Return on Investment |
|---|---|
| 1 years | $-12,479 |
| 3 years | $-9,842 |
| 5 years | $-7,204 |
| 7 years | $-4,566 |
| 9 years | $-1,928 |
| 11 years | $710 |
| 13 years | $3,348 |
| 15 years | $5,986 |
| 17 years | $8,623 |
| 19 years | $11,261 |
| 21 years | $13,899 |
| 23 years | $16,537 |
| 25 years | $19,175 |
Top Solar Installers in Mechanic
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar company can make swapping over to solar power much easier. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Mechanic
Factors that Affect Solar Panel Costs in Mechanic
The cost of installing a solar system in Mechanic can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need, 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 $2,560. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Mechanic to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest. While solar loans make going solar more accessible for Mechanic homeowners, they can also add to the total you pay for your system due to interest. 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
Finally, the company you hire to install your solar panels can influence the cost. Mechanic's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that provides the products, warranties and services you're looking for and also is within your budget.
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 | $14,509 | 10.9 years |
| 8 kW | $2.61 | $14,623 | $19,632 | 10.7 years |
| 10 kW | $2.56 | $17,920 | $24,899 | 10.5 years |
| 12 kW | $2.51 | $21,074 | $30,309 | 10.3 years |
| 14 kW | $2.46 | $24,084 | $35,862 | 10.0 years |
| 16 kW | $2.41 | $26,952 | $41,558 | 9.8 years |
| 18 kW | $2.36 | $29,676 | $47,398 | 9.6 years |
| 20 kW | $2.30 | $32,256 | $53,382 | 9.4 years |
How to Save on Solar Panels
There are numerous companies to choose from in Mechanic, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you're concerned about the durability of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a role in which installer you should go with, since different companies have access to different panels.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the completion timeline.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries (coming 2022)
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 Mechanic, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mechanic?
The average cost of solar panels in Mechanic is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the actual 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 it better to lease or buy solar panels in Mechanic?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback 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 option if you want to get the most savings.
Is it worth going solar in Mechanic?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 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.