Solar Panel Cost Guide in Meigs, OH (Feb 2023)
- Meigs Solar Installation Cost: $13,225
- 25-Year Savings: $21,294
- Payback Period: 9.6 Years
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Top Solar Installers in Meigs
Many homeowners decide to use a solar panel installer since trying to install solar panels by yourself can be hard. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you'd like to go solar but still aren't sure which solar panel company to go with, here are our suggestions for providers in Meigs:
See all of the solar companies in Meigs
Factors that Affect Solar Panel Costs in Meigs
The cost of installing a solar system in Meigs can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
When it comes to estimating the price of solar panels in Meigs, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,560 for each additional kilowatt you need. The type of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average. Even though solar loans make switching to solar energy more accessible for Meigs 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 solar company you select will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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||$16,871||10.0 years|
|8 kW||$2.61||$14,623||$22,781||9.8 years|
|10 kW||$2.56||$17,920||$28,835||9.6 years|
|12 kW||$2.51||$21,074||$35,032||9.4 years|
|14 kW||$2.46||$24,084||$41,372||9.2 years|
|16 kW||$2.41||$26,952||$47,856||9.0 years|
|18 kW||$2.36||$29,676||$54,483||8.8 years|
|20 kW||$2.30||$32,256||$61,253||8.6 years|
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
EcoWatch's Meigs, OH Solar Cost FAQs
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.