Solar Panel Cost Guide in Montpelier, OH (2023 Update)
- Montpelier Solar Installation Cost: $13,652
- 25-Year Savings: $17,197
- Payback Period: 11.1 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Montpelier
Find out what the average cost of solar panels are in Montpelier.
While the national average of solar panels is $2.66 per watt, solar panels in Montpelier generally cost around 2.56. The average Montpelier homeowner needs a 7.6-kilowatt system, which would cost about $13,655 with the federal tax credit, or $19,527 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Montpelier homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find installing a solar system is a sound investment. The average homeowner in Montpelier can save about $15,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Montpelier
| Year | Return on Investment |
|---|---|
| 1 years | $-12,355 |
| 3 years | $-9,760 |
| 5 years | $-7,166 |
| 7 years | $-4,571 |
| 9 years | $-1,977 |
| 11 years | $618 |
| 13 years | $3,213 |
| 15 years | $5,807 |
| 17 years | $8,402 |
| 19 years | $10,996 |
| 21 years | $13,591 |
| 23 years | $16,185 |
| 25 years | $18,780 |
Top Solar Installers in Montpelier
Installing solar panels yourself can be a dangerous undertaking, which is why using a solar installation company is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Montpelier
Factors that Affect Solar Panel Costs in Montpelier
Though the average cost of a solar system in Montpelier is $13,655, your final cost may differ. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of solar panels in Montpelier, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,560 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Montpelier, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Montpelier to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. It's a good idea to factor 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 off the loan.
Solar Panel Installation Company
The solar installer you select will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — 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 has the products, warranties and services you're looking for and also fits 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 | $13,114 | 11.5 years |
| 8 kW | $2.61 | $14,623 | $17,772 | 11.3 years |
| 10 kW | $2.56 | $17,920 | $22,573 | 11.1 years |
| 12 kW | $2.51 | $21,074 | $27,518 | 10.8 years |
| 14 kW | $2.46 | $24,084 | $32,606 | 10.6 years |
| 16 kW | $2.41 | $26,952 | $37,838 | 10.4 years |
| 18 kW | $2.36 | $29,676 | $43,212 | 10.2 years |
| 20 kW | $2.30 | $32,256 | $48,731 | 10.0 years |
How to Save on Solar Panels
There are many companies available in Montpelier, 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:
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which company you should choose, since different companies provide different panels.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Montpelier, OH Solar Cost FAQs
How much does it cost to install solar panels in Montpelier?
The average cost of solar panels in Montpelier is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Montpelier?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.