Solar Panel Cost Guide in Mineral Ridge, OH (2024 Update)
- Mineral Ridge Solar Installation Cost: $18,749
- 25-Year Savings: $12,362
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Mineral Ridge
See how much it might cost to make the switch to solar in Mineral Ridge.
In Mineral Ridge, solar panels cost about 3 per watt on average.Because a 7.9-kW system is needed to cover the energy needs of a typical home in Mineral Ridge, the average price of going solar will be about $18,749 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Mineral Ridge homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Even with the large upfront cost, the average Mineral Ridge homeowner can save around $13,000 on their energy bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar company in Mineral Ridge that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mineral Ridge
| Year | Return on Investment |
|---|---|
| 1 years | $-17,528 |
| 3 years | $-15,088 |
| 5 years | $-12,647 |
| 7 years | $-10,207 |
| 9 years | $-7,766 |
| 11 years | $-5,326 |
| 13 years | $-2,886 |
| 15 years | $-445 |
| 17 years | $1,995 |
| 19 years | $4,436 |
| 21 years | $6,876 |
| 23 years | $9,317 |
| 25 years | $11,757 |
Top Solar Installers in Mineral Ridge
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of an installer can make converting to solar power much easier. In addition, if you’d like to maximize your investment in solar energy, going with a solar company can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
If you’d like to make the switch to solar but still aren’t sure which solar panel 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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 Mineral Ridge
Factors that Affect Solar Panel Costs in Mineral Ridge
Although the average cost of a solar system in Mineral Ridge is $18,749, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
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 Mineral Ridge.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Mineral Ridge, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Mineral Ridge homeowners choose to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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 | $3.55 | $14,895 | $5,300 | 18.4 years |
| 8 kW | $3.48 | $19,478 | $7,449 | 18.1 years |
| 10 kW | $3.41 | $23,870 | $9,789 | 17.7 years |
| 12 kW | $3.34 | $28,071 | $12,320 | 17.4 years |
| 14 kW | $3.27 | $32,081 | $15,041 | 17.0 years |
| 16 kW | $3.21 | $35,900 | $17,954 | 16.7 years |
| 18 kW | $3.14 | $39,529 | $21,057 | 16.3 years |
| 20 kW | $3.07 | $42,966 | $24,352 | 16.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar company, be sure to look it over fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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 Mineral Ridge, OH Solar Cost FAQs
What is the average cost of installing solar panels in Mineral Ridge?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $17,050 for a 5-kW system and $34,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Mineral Ridge?
Each state has some kind 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 energy bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.