Solar Panel Cost Guide in Mifflin, OH (2023 Update)
- Mifflin Solar Installation Cost: $13,524
- 25-Year Savings: $21,702
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mifflin
We go over average solar pricing in Mifflin.
In Mifflin, solar panels cost about 2.56 per watt on average. The average solar panel system size in Mifflin is around 7.5 kilowatts, meaning a cost of about $13,530 for a solar installation, or $19,348 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely look different based on the amount of energy your home requires and what company you want to go with. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Mifflin see about $18,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Mifflin that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mifflin
| Year | Return on Investment |
|---|---|
| 1 years | $-12,295 |
| 3 years | $-9,838 |
| 5 years | $-7,380 |
| 7 years | $-4,923 |
| 9 years | $-2,465 |
| 11 years | $-8 |
| 13 years | $2,449 |
| 15 years | $4,907 |
| 17 years | $7,364 |
| 19 years | $9,822 |
| 21 years | $12,279 |
| 23 years | $14,737 |
| 25 years | $17,194 |
Top Solar Installers in Mifflin
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar panel installer can make switching to solar power much easier. Some solar installers, especially local ones, can help you make the most of incentives in Mifflin, therefore optimizing your ROI.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Mifflin
Factors that Affect Solar Panel Costs in Mifflin
Though the average cost of a solar system in Mifflin is $13,530, your actual cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,560. The brand of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about 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's in your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over five to seven years on average. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Mifflin, and each can charge different amounts for labor and equipment. Additionally, some companies in Mifflin are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $16,824 | 10.0 years |
| 8 kW | $2.61 | $14,623 | $22,718 | 9.8 years |
| 10 kW | $2.56 | $17,920 | $28,756 | 9.6 years |
| 12 kW | $2.51 | $21,074 | $34,938 | 9.4 years |
| 14 kW | $2.46 | $24,084 | $41,262 | 9.2 years |
| 16 kW | $2.41 | $26,952 | $47,730 | 9.0 years |
| 18 kW | $2.36 | $29,676 | $54,342 | 8.8 years |
| 20 kW | $2.30 | $32,256 | $61,097 | 8.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project timeline incentives and warranties.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Mifflin, OH Solar Cost FAQs
How much does it cost to install solar panels in Mifflin?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,800 for a 5-kW system and $25,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Mifflin?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future electricity bills.
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 the amount of 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 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.